09-09-2017 21:50 via edmontonjournal.com

MacEwan University not the only online scam victim

An estimated $30 million — including $11.8 million from MacEwan University — has been stolen from Canadian entities since the start of this year using an online scam called business email compromise (BEC).
The multimillion-dollar theft from Edmonton’s second largest university last month almost single-handedly equals the total loss of $12.8 million reported by Canadian businesses in all of 2016 by fraudsters.
Since 2013, fraudsters have duped Canadian companies of $95 million u
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