Afognak Native Corp. recovers most of $3.8 million lost in phishing scheme

Afognak Native Corporation says it has recovered most of the money it lost in a phishing scheme last April, when a company controller unwittingly transferred $3.8 million of a subsidiary's money to an offshore bank account.

Afognak’s subsidiary, Alutiiq LLC, fell prey to what the company called a "well-coordinated 'spear phishing' and social engineering criminal attack," in a release Wednesday.

http://www.adn.com/article/20160511/afognak-native-corp-recovers-most-38-million-lost-phishing-scheme