Condé Nast Got Hooked in $8 Million Spear-Phishing Scam

Last November, Condé Nast’s accounts payable department received an e-mail that purported to come from Quad/Graphics, the company that prints Condé Nast magazines. The e-mail instructed Condé Nast to send payments for its Quad/Graphics account to a bank account number provided in the e-mail, and included an electronic payments authorization form. The e-mail indicated the account was for Quad Graph, a name similar to the real printer’s name.

Between Nov. 17 and Dec. 30, the company wired $8 million to the Quad Graph account before a query around Dec. 30 from the real printer, Quad/Graphics