Condé Nast Targeted in Phishing Scam
PRIVACY LAWApril 8, 2011
The ABA Journal reports that magazine publisher Condé Nast was recently duped in a spear-phishing scheme and is suing to recover the funds that the scammers attempted to steal. The publisher received a fraudulent e-mail that appeared to come from its regular printing house asking for payment to be sent to a new address. Relying on this e-mail, the company sent its $8 million payment to the new address. The publisher was alerted to the scam by its printing house and froze the funds, which were still in the recipients' account. This news comes amid high-level concerns that customers affected by the recent data breach at e-mail marketer Epsilon will fall victim to similar spear-phishing campaigns.