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.
Source:
https://winnipeg.ctvnews.ca/nearly-450k-stolen-from-manitoba-municipality-in-cyber-attack-1.5146916