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City discloses vendor-account compromise and redirected payment; investigation ongoing
Summary
Finance Director said a single vendor account in the city's Munis system was accessed by an unauthorized user who changed banking details, causing a valid payment to be sent to an account that did not belong to the vendor; the city reported the incident to law enforcement and banking partners and is implementing additional controls.
The Finance Committee on May 27 heard from Finance Director Oster about a vendor-account compromise in the city’s Munis financial system that resulted in a valid payment being redirected to a bank account that did not belong to the vendor.
“A vendor account in our Munis system appears to have been compromised by a bad actor,” Director Oster told the committee. He said the bad actor logged in using a valid user ID and password and made unauthorized changes to one vendor’s banking information before the city processed a legitimate…
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