The Grande Spirit Foundation has discovered a “sophisticated phishing scam” that has resulted in monetary loss for the organization.
According to the foundation, cybercriminals posing as a vendor associated with the organization sent out a series of emails to deceive the Grande Spirit Foundation into transferring funds to an incorrect account.
The foundation says they are taking “swift action,” in collaboration with law enforcement, and cybersecurity experts to investigate the incident. The Grande Spirit Foundation maintains that the incident was isolated to one account change and no customers have been impacted; however, additional security measures have been implemented as a result.
The foundation is now encouraging all customers and vendors associated with them to exercise increased caution when it comes to unsolicited communications.