Scammers Dupe Texas School District Out of $2.3M

A Texas school district, based outside of Austin, Tex., has lost $2.3 million after falling victim to an email scam.

The Manor Independent School District encompasses 8,000 students from elementary to high school. Police told local news outlets that the incident started in early November and continued through December, before it was discovered by the district.

“It was three separate transactions. Unfortunately they didn’t recognize the fact that the bank account information had been changed and they sent three separate transactions over the course of a month before it was recognized that it was a fraudulent bank account,” police told local news outlets.

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Source: ThreatPost