![[US] $1.1m stolen from City of Aurora payroll accounts in phone scam](http://gpa.net/cdn/shop/articles/bigstock-business-deadline-and-technol-265301818_14d0288c-b36b-4c83-9545-ea1e431f2b24_1200x.jpg?v=1780026030)
In the US, officials in Illinois have announced an investigation into a social engineering scam that netted nearly $1.1 million in fraudulent transfers from the City of Aurora’s payroll bank accounts, Fox 32 reports.
On April 29, a city employee received a phone call from someone posing as a bank representative. Officials stated that the caller appeared legitimate and used deceptive tactics, which led the employee to disclose sensitive account information.
When they learned the call was fraudulent, city officials reportedly notified law enforcement and the city’s financial institution. In addition, the city hired external cybersecurity experts to assist with the investigation.
It stated that law enforcement agencies are working with financial institutions to recover some of the funds, while city leaders coordinate with partners to identify those responsible and pursue recovery options.
Officials said the city has insurance coverage to help offset financial losses related to incidents of this nature.
It had yet to confirm exactly how much money was lost in the scam or how many employees have been affected.
City officials reportedly added that there is no evidence that the city’s network or data systems were compromised. They now await the results of the financial institution’s forensic audit to determine whether any employee data stored on city systems was affected.
"Employees will be promptly notified if any of their information is determined to have been affected by this incident," the statement said.
The city said it will continue strengthening internal procedures, security measures and employee training programs to help prevent similar incidents. The investigation remains ongoing.
Source: Fox 32
(Quote via original reporting)
In the US, officials in Illinois have announced an investigation into a social engineering scam that netted nearly $1.1 million in fraudulent transfers from the City of Aurora’s payroll bank accounts, Fox 32 reports.
On April 29, a city employee received a phone call from someone posing as a bank representative. Officials stated that the caller appeared legitimate and used deceptive tactics, which led the employee to disclose sensitive account information.
When they learned the call was fraudulent, city officials reportedly notified law enforcement and the city’s financial institution. In addition, the city hired external cybersecurity experts to assist with the investigation.
It stated that law enforcement agencies are working with financial institutions to recover some of the funds, while city leaders coordinate with partners to identify those responsible and pursue recovery options.
Officials said the city has insurance coverage to help offset financial losses related to incidents of this nature.
It had yet to confirm exactly how much money was lost in the scam or how many employees have been affected.
City officials reportedly added that there is no evidence that the city’s network or data systems were compromised. They now await the results of the financial institution’s forensic audit to determine whether any employee data stored on city systems was affected.
"Employees will be promptly notified if any of their information is determined to have been affected by this incident," the statement said.
The city said it will continue strengthening internal procedures, security measures and employee training programs to help prevent similar incidents. The investigation remains ongoing.
Source: Fox 32
(Quote via original reporting)
