A Nebraska school district is working to recover $1.8 million lost in a sophisticated phishing scam, Gray’s KSNB news station reports.
“We are committed to keeping our community informed and to taking every possible step to safeguard public funds,” Broken Bow Public Schools wrote in a statement. “Broken Bow Public Schools takes full responsibility for the fact that these safeguards were not in place, as well as full responsibility for this unfortunate circumstance.”
The district sent the funding to a fraudulent account after receiving an email containing “false payment instructions that appeared to come from a trusted vendor,” KSNB explains.
It was related to the district’s ongoing construction project and involved an Automated Clearing House (ACH) transfer sending money between banks electronically.
