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City reports frozen funds after suspected cyber-fraud; criminal investigation underway

Manvel City Council · November 4, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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