A phone scam caused the City of Aurora to lose nearly $1.1 million from city payroll bank accounts, officials said.
A city employee fell for the scam and disclosed “sensitive account information” on April 29 when they received a phone call from someone impersonating a bank representative, city officials said.
City officials became aware of the fraudulent payments shortly after the transactions occurred and “took immediate steps to mitigate impacts and begin recovery efforts” by notifying law enforcement, the city’s financial institution and hired outside cybersecurity experts, according to a statement from the city.
“Law enforcement agencies are working closely with financial institutions to recover a portion of the funds, while City leadership continues to coordinate with relevant partners to identify those responsible and pursue full recovery options,” Aurora officials said in a statement. “Given the increasing frequency of these types of attacks nationwide, the City carries insurance coverage designed to help mitigate financial losses from incidents of this nature.”
Officials said there is no evidence that the city’s network or data systems were compromised as of Thursday afternoon, however, the results of the financial institution’s forensic audit to determine whether there was an impact to any employee data stored on its systems have yet to come back.
“The city will continue to practice its internal procedures, security measures, and employee training programs to strengthen protections and help prevent incidents in the future,” officials said. “Cybercriminals are increasingly using sophisticated tactics that exploit trust and create urgency, making these types of scams a growing challenge for both public and private organizations.”
Hence then, the article about aurora lost nearly 1 1m from city bank accounts after employee fell for phone scam was published today ( ) and is available on NBC Chicago ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Aurora lost nearly $1.1M from city bank accounts after employee fell for phone scam )
Also on site :
- Javier Bardem, Mark Ruffalo, Walter Salles, Isabel Coixet, Annemarie Jacir & Yorgos Lanthimos Sign Anti-Bolloré Letter As Signatures Swell To 3.5K
- Eli Lilly says next-generation weight loss drug clears crucial obesity trial
- Cardiologists Say This Common Nighttime Habit Might Be Weakening Your Heart