‘Ultimate’ MiTM Attack Steals $1M from Israeli Startup

Hackers pulled off an elaborate man-in-the-middle campaign to rip off an Israeli startup by intercepting a wire transfer from a Chinese venture-capital firm intended for the new business.

New research by Check Point Software details how the security vendor uncovered the wire-transfer heist, in which an attacker used unique tactics—including communicating through email and even canceling a critical in-person meeting–to fool both parties on either end of the transfer, researchers said.

Check Point became involved in the incident when a $1 million wire-transfer made between the two parties never reached the startup, researchers said in a report posted online Thursday.

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Source: ThreatPost