Puerto Rico Government Hit By $2.6M Phishing Scam

A phishing scam has swindled a Puerto Rico government agency out of more than $2.6 million, according to reports.

According to reports, the email-based phishing scam hit Puerto Rico’s Industrial Development Company, which is a government-owned corporation aimed at driving economic development to the island along with local and foreign investors.

The agency reportedly received an email alleging a change to a banking account tied to remittance payments, which is a transfer of money (often by a foreign worker) to an individual in their home country. The agency sent this payment to a fraudulent account, Jan. 17.

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Source: ThreatPost