According to recent court filings, grocery chain Supervalu sent $10 million in payments to incorrect bank accounts before realizing that the instructions were a scam. The chain received phishing e-mails in late February purporting to be from two of its vendors, American Greetings and Frito-Lay, directing Supervalu to send future payments via wire transfer to new bank accounts. Fortunately Supervalu realized its error and contacted the FBI to freeze the accounts before any more money could be withdrawn. The court case is to recover the funds from those accounts.

Tuesday, Oct 23, 2007 12:40 pm CDT

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