2+ Million Lost to Phishing
Crazy news out of Manor, Texas:
The Manor Independent School District is out $2.3 million after falling prey to a phishing scam.
WHAT!!??!!??!! $2.3 MILLION!
“It was three separate transactions. Unfortunately they didn’t recognize the fact that the bank account information had been changed and they sent three separate transactions over the course of a month before it was recognized that it was fraudulent bank account," said Anne Lopez, a detective with Manor police. “So I think its important that any email you get, any phone call you get, that you question everything and make sure you know who you’re talking to directly – that you look through every part of that email or any information that they’re providing you and double check you have checks and balances in place to make sure that any information provided to you is actually accurate.”
2 big questions in my mind:
1) for what is a school district paying $2.3M over 3 transactions in the course of 1 month?
2) on that large size of payments, how were there not checks & balances in place to catch this?
Yeesh!
I really do wish them the best as they attempt to recapture this cash. And I hope this serves as a wake-up call for schools everywhere -- they are not immune from the epidemic of cybercrime.
Grace & Peace & Love to you all -
Matt
1) for what is a school district paying $2.3M over 3 transactions in the course of 1 month?
2) on that large size of payments, how were there not checks & balances in place to catch this?
Yeesh!
I really do wish them the best as they attempt to recapture this cash. And I hope this serves as a wake-up call for schools everywhere -- they are not immune from the epidemic of cybercrime.
Grace & Peace & Love to you all -
Matt
