L'OBSERVATEUR reported:
Cyberattack on St. Charles Parish costs over $1.2M, state auditor says.
The audit noted that the parish’s internal controls did not promptly detect the fraud. Specifically, there were no proper controls over changes in vendor banking information, which enabled the fraudster to reroute the payment. Since the incident, the parish has implemented new internal controls to prevent a similar event, according to the report.
Find the original article here.
Key Takeaway: Add authentication techniques, internal controls, best practices and vendor validations to prevent fraud even if the email is not detected as fraudulent.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
Cyberattack on St. Charles Parish costs over $1.2M, state auditor says.
The audit noted that the parish’s internal controls did not promptly detect the fraud. Specifically, there were no proper controls over changes in vendor banking information, which enabled the fraudster to reroute the payment. Since the incident, the parish has implemented new internal controls to prevent a similar event, according to the report.
Find the original article here.
Key Takeaway: Add authentication techniques, internal controls, best practices and vendor validations to prevent fraud even if the email is not detected as fraudulent.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat