Year In Review : 2011 - Year of the Felony

In one of the more odder developments of the year, publisher Condé Nast fell victim to a phishing scam of sorts. Its accounts payable department, acting on what it believed to be a request from Sussex, WI-based Quad/Graphics to send work payments to another bank account (“Quad Graph”), wired $8 million between Nov. 17 and Dec. 30, 2010. The con job was discovered when the real Quad/Graphics reached out to Condé Nast regarding outstanding payments. The money was recovered.