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Many of these are specifically impersonating government entities to exploit pre-existing trusted relationships between businesses and regulatory bodies.
High stakes signatures
Aswith most scams,the criminals created a false sense of urgency in victims.
The notice demanded an $85,000 emergency compliance bond to prevent work stoppage.
As well as the financial loss, vendors face business disruption and sensitive data loss from the false contracts.
said Matt Aldridge, Principal Solutions Consultant at OpenText Cybersecurity.
