Scammers have tricked representatives of the St Aldhelm’s Academy, a school in Poole, England, into giving them access to the institution’s bank account. The crooks stole £1.1 million ($1.84 million / €1.33 million).
According to Metro, the fraudsters sent a fake email purporting to come from the school’s financial institution. The email instructed the recipient to provide access codes for the school’s .
St Aldhelm’s finance staff complied and sent the cybercrooks the information they requested. The school later realized that 10% of the money they had planned to spend on a new building was gone.
CBS reported that the 59-year-old woman lost part of her retirement savings to the scammer who claimed to be a 60-year-old engineer working in . The woman had some doubts, but the con artist convinced her to give him the money.