$2.1 Million in Fraudulent Bank Transfers
A social engineer found a person's signature in an online document. He decided to use this signature to forge money transfer documents.
He listed a fake phone number as the contact number on the forms and submitted them.
Instead of verifying the number in bank records, the processor called the contact number on the form.
The scammer managed to make several transfers totaling more than $2 million before the bank became suspicious.