Washington State City Loses more than $280,000 of Public Funds in Phishing Scam
Exploit: Phishing
Company: City of Tenino, Washington
Industry: Municipal Government
Sources: https://www.govtech.com/security/washington-city-loses-280-309-to-successful-phishing-scam
The City of Tenino, Washington is down $280,309 in public funds according to the Washington State Auditor’s Office after a city employee fell for a phishing message that launched a business email compromise scam. Reports say that former Clerk Treasurer John Millard fell victim to a phishing message and paid cybercriminals a boatload of money, some without city council approval. The official reportedly initiated 20 automated clearing house payments from the city’s bank account to multiple out-of-state bank accounts. News outlets are also reporting that a warning was sent out to clerks about the phishing scam immediately but that didn’t stop this disaster from happening.
No specifics about any consumer/employee PII or financial data loss were available at press time.
Find out how we can help you defend your business against modern cyber threats.
More than ever, organizations of all sizes have been facing a historical rise in cyber attacks and data breaches. Talk to a cyber security expert today and find out how we can provide expert consulting and a portfolio of Cyber Security solutions designed to protect your organization against today’s most prevalent threats.