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Email scam: Texas school falls victim to fraud and loses $2.3 million

A Texas school district in the Manor area fell victim to an scam email , resulting in a loss of $2.3 million.E-mail

The school said last week that an investigation to identify the criminals behind the hacking campaign.

The phishing email was sent to the school in November. Three separate transactions were made until the full amount was paid. The incident was uncovered by an employeea month later. Following the discovery, began an investigation police and the FBI

However, we still don't know details about the phishing email.

The Manor school community has more than 9,000 students. In a statement, a school spokesperson said the investigation is ongoing and well underway. Authorities are looking for any information that could help them identify the cybercriminals.

At this stage, experts do not know whether the school will be able to recover the money it lost.Email scam: Texas school falls victim to fraud and loses $2.3 million

This particular case is a typical Business Email Compromise (BEC) attack. These attacks typically begin with phishing emails, which either attempt to extract sensitive information or try to trick the victim into giving up money.

If employees have not received the proper training and have difficulty recognizing dangerous emails, they can easily be fooled by experienced hackers.

Hackers , etc.). Attacks are increasingly complex and sophisticated.

In August 2019, 23 local governments in Texas were targeted in a coordinated attack that resulted in ransomware being installed on their systems. Data from the Texas Department of Information Resources (DIR) and networks were encrypted by the Sodinokibi (REvil) ransomware. The problems that arose were numerous.

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