ABC 13 News reported:
Find the original article here.
Takeaway: Have a separate process for remittance changes that includes controls, validations, authentication and best practices. Review the email to see if there are any red flags. Use an AI Tool to help. Check out the training session to see how to use Microsoft Copilot to spot red flags in an email or your inbox.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
Officials with the City of Liberty said it fell victim to a fraudulent wire transfer of about $600,000.In a press release, the City of Liberty said it was notified through its bank.
The city said the transfer was initiated in response to a payment request received from an email domain that appeared to be impersonating a legitimate vendor to whom the city owed payment.
In addition, officials said the city's internal network was not compromised and that the incident may have started from an external source using a domain closely resembling the vendor's address.
The city said the transfer was initiated in response to a payment request received from an email domain that appeared to be impersonating a legitimate vendor to whom the city owed payment.
In addition, officials said the city's internal network was not compromised and that the incident may have started from an external source using a domain closely resembling the vendor's address.
Find the original article here.
Takeaway: Have a separate process for remittance changes that includes controls, validations, authentication and best practices. Review the email to see if there are any red flags. Use an AI Tool to help. Check out the training session to see how to use Microsoft Copilot to spot red flags in an email or your inbox.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
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