Attackers were able to compromise an employee’s email account which was later used in phishing attempts. These attempts were pulled off by sending fake invoices along with other faulty financial documents. The documents claimed $1 million was needed to purchase solar panels for multiple health centers in Pakistan only to find out it was a scam after the money had been transferred. The Federation has claimed it has ramped up its security practices since the occurrence of this scam and it has also been able to re-obtain nearly all of the funds that were lost. Unfortunately, this was not the first time they had dealt with something of this nature. Prior to this, $9,210 was able to be scammed away from them when attackers compromised one of the vendors for the charity. Thankfully insurance claims were able to save the funds from completely being lost.
By Akshay Rohatgi and Randy Pargman About this Student Research Project Binary Defense’s mission is