BURLINGTON, Ont. — City officials in Burlington, Ont., say the municipality fell prey to a phishing scam that ended up costing more than half a million dollars. They say a staff member made a single transaction to a “falsified bank account” after receiving an email requesting to change banking information for someone the city was already doing business with. Officials say the staffer transferred $503,000 to the phoney bank account on May 16. The city says it has since added more internal controls to prevent the same thing from happening again.

Source: National Post June 13, 2019 23:15 UTC