Coastal Carolina University works to recover money stolen in phishing scam

Lisa Gresci reports:

Coastal Carolina University continues to work to recover money that was stolen from the college in a phishing scam.

A release from CCU stated an individual who claimed to represent a company under contract with the university contacted its financial services via email and requested to change the company’s bank account information.

[…]

Thanks to quick action, university officials said they’ve recovered more than $564,000 of the more than $1 million taken. On campus, additional “cybercrime safeguards” will be installed to make sure nothing like this happens again.