Ontario, Canadian Anti-Fraud Centre, and US Secret Service prevented a Canadian business from losing $615K to a spear phishing scam through timely reporting and cross-border cooperation.
Ontario Provincial Police, Canadian Anti-Fraud Centre, and United States Secret Service successfully prevented a Canadian business from losing over $615,000 to a Spear Phishing scam. A timely report led to the U.S. financial institution freezing the wire transfer, saving the business from significant fraud loss. This case highlights the importance of timely reporting and cross-border cooperation in combating fraud.
February 26, 2024
5 Articles