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by jt2190 2034 days ago
> [I]nvestigators have pinpointed a fake Zoom invite opened by one of the fund's cofounders...

By doing so, the hacker was able to install a malicious software program that gave them access to the fund's email system which they used to send off fake invoices [to the fund’s trustees and administrator for the amount of approximately AUD 8 700 000, of which AUD 88 000 was paid.]

Edit: Note that there was a lapse of diligence on the payer’s side as well.