Sedona Red Rock News reported:
Yavapai County lost $878K but recovered 97.8% back.
“The investigation began after cybercriminals successfully infiltrated the email system of a trusted third-party vendor currently contracted with the county,” according to Yavapai County. “Posing as the vendor, the attackers were able to redirect a scheduled payment via direct deposit into a fraudulent bank account.”
“It triggered a warning by the bank, so that was immediately frozen, and then [YCSO] got involved,” McAtee said. “Our sheriff’s detectives started investigating, and found out that the owner of this account could not provide the information that they stated they could in the application for the account’s creation. So the bank froze their assets and then transferred us back the remaining amount that was left in the account.”
“The investigation began after cybercriminals successfully infiltrated the email system of a trusted third-party vendor currently contracted with the county,” according to Yavapai County. “Posing as the vendor, the attackers were able to redirect a scheduled payment via direct deposit into a fraudulent bank account.”
“It triggered a warning by the bank, so that was immediately frozen, and then [YCSO] got involved,” McAtee said. “Our sheriff’s detectives started investigating, and found out that the owner of this account could not provide the information that they stated they could in the application for the account’s creation. So the bank froze their assets and then transferred us back the remaining amount that was left in the account.”
Find the original article here.
Takeaway: Confirm with the vendor before making a remittance change that it is valid and after the payment is made to confirm they received the payment. Further, scammers are in the US too.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
Takeaway: Confirm with the vendor before making a remittance change that it is valid and after the payment is made to confirm they received the payment. Further, scammers are in the US too.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat