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City reports frozen funds after suspected cyber-fraud; criminal investigation underway
Summary
City officials reported a suspected cybersecurity breach that led to an attempted fraudulent electronic funds transfer of about $450,000. The police chief said the funds are frozen in a bank account and investigators, with the district attorney, are working to recover them and pursue a potential suspect.
During the Nov. 4 meeting City Manager Dan reported that the city experienced a cybersecurity breach that resulted in an apparent fraudulent electronic funds transfer of approximately $450,000. The police chief briefed the council that a bank fraud-detection call alerted staff to the transaction and officers…
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