Scammer cons Canadian university of $11.8 million in elaborate phishing scam

In a major phishing scam, a scammer conned MacEwan University in Canada of 11.8 million CAD after he convinced employees to change payment details for a vendor.

The University recovered a little of half of the lost money after it discovered the phishing scam and informed authorities.

In a classic case of the use of phishing techniques to perpetrate online fraud, a scammer recently conned MacEwan University in Edmonton, Canada of 11.8 million Canadian dollars after he convinced university employees to change payment details for a vendor.