The Public Record reported:
“In November 2023, the City received an email from a person, posing as a vendor, to change a vendor’s bank account details that were used for electronic funds transfer. The banking changes were processed, diverting any future payments to the fraudster’s account.
A second email was received from the same person in late December 2023/early January 2024, posing as a vendor, to change (again) the vendor’s bank account details use for electronic funds transfer. The banking changes were processed diverting any future payments to the fraudster’s account.”
The funds were diverted to bank accounts in the United States. The City does not expect any recovery.
Find the original article here.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
“In November 2023, the City received an email from a person, posing as a vendor, to change a vendor’s bank account details that were used for electronic funds transfer. The banking changes were processed, diverting any future payments to the fraudster’s account.
A second email was received from the same person in late December 2023/early January 2024, posing as a vendor, to change (again) the vendor’s bank account details use for electronic funds transfer. The banking changes were processed diverting any future payments to the fraudster’s account.”
The funds were diverted to bank accounts in the United States. The City does not expect any recovery.
Find the original article here.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat