$700,000 worth of pilfered funds were recovered.
Officials at Nebraska's Broken Bow Public Schools reported that the school district lost $1.8 million following a phishing intrusion.
According to Cybernews, attackers masquerading as a "trusted vendor" sent a malicious email containing a bogus invoice for the project, which then resulted in the fraudulent Automated Clearing House transfer of funds.
Immediate action following the incident conducted alongside the Nebraska State Patrol, the FBI, and the U.S. Secret Service enabled the retrieval of $700,000 worth of pilfered funds, noted officials.
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Dan Raywood is a B2B journalist with 25 years of experience, including covering cybersecurity for the past 17 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes.
He has spoken at events including 44CON, Infosecurity Europe, RANT Forum, BSides Scotland, Steelcon and the National Cyber Security Show, and served as editor of SC Media UK, Infosecurity Magazine and IT Security Guru. He was also an analyst with 451 Research and a product marketing lead at Tenable.
