Tech equipment reseller narrowly avoids losing more than $100k in business e-mail scam

📆 11/09/2022 03:14:00
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A tech equipment reseller company came close to losing more than $100,000 worth of laptops in a scam. The reseller is now trying to find legitimate buyers for the equipment. The firm thought it was receiving an order from Nanyang Technological University...

It was only when Mr Bernard Chan, 44, director of Penanshin Air Express, informed him that the purchase order was fake that Mr N.P. realised he had fallen victim to a business e-mail compromise scam.

Between January and June, there were 209 cases of business e-mail scams reported, with $67.7 million lost, the police said. But when the scammer informed Mr Chan that he would arrange for a courier to pick up and ship the laptops to Britain, the Penanshin Air Express director realised something was wrong.At least 93 victims lost $56.2m to business e-mail compromise scams from Jan to March 2022: Police

Mr N.P. said:"We should have checked the location before shipping out the laptops. It does not make sense for a university to ask us to send laptops it is ordering to the United Kingdom, or even to another location in Singapore.The police said that investigations are ongoing.

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Tech equipment reseller narrowly avoids losing more than $100k in business e-mail scamWith the help from an alert freight forwarder, he did not fall for the ruse - a fake order for 50 laptops. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »