News and Updates on Information Technology

Canada – Municipality of Westlake-Gladstone

Exploit: Hacking/Intrusion
Municipality of Westlake-Gladstone: Local Government 

Risk to Small Business: 2.309 = Severe

Nearly $450K was snatched from the operating account of this Manitoba municipality in a hacking incident that could be the result of an insider threat. The money was stolen in a series of withdrawals or transfers beginning in November 2019 and continuing until at least January 2020.

Individual Risk: No individual information has been reported as compromised in this incident.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: Schemes like this are often the result of a business email compromise scam. It’s a devastating variant of phishing that preys on business relationships- and it’s consequently more devastating.