Who needs an elevator pitch when you have man-in-the-middle attack?
A group of hackers used a compromised email account to steal a start-up's $1m venture capital payment.
The incident response team at security house Check Point says it was called in to investigate the case of money that a Chinese VC firm had reported missing after it was supposedly sent to a startup in Israel.
It was believed that the attack was down to a compromised email account that had been used to re-route the payment to an account controlled by the attacker, a rather cut-and-dry business email compromise (BEC) operation.
As it turned out, however, the attack was a bit more complicated.
"Apparently, a few months before the money transaction was made, the attacker noticed an email thread announcing the upcoming multi-million dollars seeding fund and decided to ..
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