Social Engineering is a part of hacking technique which is easily be done. U.K.’s St. Aldhelm’s Academy loses $1.7 Million when they receive a Phishing Email – a Spoo email from their bank which asked for the bank account details.
The finance staff didn’t check for its authentication and gave all the details in reply to that e-mail. They even didn’t recognize it’s fake until they loss more than 1 million.
These were the funds taken as a loan from Department for Education’s Education Funding Agency for the building. The school is now paying it back without even using it in right place for what actually they taken for.
The school has placed a report and police is still investigating.
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