Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Pine Bluff School District discloses December wire-transfer cyberattack, says substantial recovery expected
Summary
Superintendent Barbara Reed told the board a sophisticated phishing attack altered wiring instructions on a legitimate construction invoice and led to a $3.2 million wire transfer; the district says a federal investigation is largely complete and a substantial portion of funds are expected to be recovered.
Pine Bluff School District Superintendent Barbara Reed told the board on April 27 that a sophisticated cyberattack in December led to a wire transfer of $3,204,639.55 being sent to fraudulent wiring instructions inserted into a legitimate construction invoice email thread.
Reed said the district’s director of finance contacted the vendor and learned the company had not requested payment by wire; an employee email account had been compromised and fraudsters introduced fake wiring details into the same…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
