Hackers trick university staff into £7m payout

A Canadian university has been swindled out of nearly Can$12million (£7.5million) in an online phishing scam that fooled staff into transferring funds into the wrong bank accounts.

Hackers posing as a construction company that provided services to Macewan University in Edmonton, Alberta, sent emails to school employees advising of changes to the company’s banking information.

The real firm then queried why it had not been paid.