Saturday, April 17, 2021
  • Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Advertisement
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
No Result
View All Result
Home Internet Security

Texas school district falls for email scam, hands over $2.3 million

January 13, 2020
in Internet Security
Texas school district falls for email scam, hands over $2.3 million
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

Cybersecurity: Password-stealing hacking campaign poses new data threat
Researchers uncover a phishing campaign attempting to steal login credentials from government departments across North America, Europe and Asia – and nobody knows who is behind it.

A successful phishing scam has left a Texan school district $2.3 million out of pocket. 

You might also like

Security crucial as 5G connects more industries, devices

Google releases Chrome 90 with HTTPS by default and security fixes

SolarWinds: US and UK blame Russian intelligence service hackers for major cyberattack

Last week, the Manor Independent School District, in Manor, Texas, said an inquiry is underway to track down the cybercriminals responsible for the fraudulent email campaign. 

Phishing emails were sent to the organization in November, leading to three separate transactions taking place. An employee uncovered the scheme a month later, leading to the Manor police force and the FBI’s involvement. 

However, the nature of the emails and who fell for them is not yet known. 

See also: Over 20 Texas local governments hit in ‘coordinated ransomware attack’

The Manor Independent School District serves over 9,000 students. In a release, the school district said that an investigation is ongoing and there are “strong leads,” but law enforcement is requesting any information others may have to track down the cyberattackers. 

At this stage, it is uncertain if the money can be recovered. 

Business Email Compromise (BEC) scams usually begin with phishing, in which malicious and fraudulent emails are sent in the hopes of duping an employee into paying fake invoices or handing over sensitive information. 

Without the training necessary to spot these messages — and even with a good understanding of how they usually appear — it can be all too easy for fraudsters to succeed.

CNET: Android phone in Lifeline program allegedly comes with malware preinstalled

Email has replaced pen-and-paper as one of our main methods of communication, but the features used to ascertain who a sender is, whether this is their name, email address, or company logos and signatures, can all be faked and spoofed.

Microsoft has published a roundup of last year’s most interesting phishing techniques, including the hijack of search engine results, custom 404 pages, Man-in-The-Middle (MiTM) attacks, and banner grabbing. 

In August 2019, 23 local Texan governments were subject to a coordinated cyberattack in which ransomware was deployed on systems.

Data from the Texas Department of Information Resources (DIR) was impossible to access and networks were encrypted by Sodinokibi (REvil) ransomware. 

TechRepublic: CES 2020 roundup: All the business tech news you need to know

Sodinokibi has also been at the heart of a recent and catastrophic security incident suffered by Travelex. The currency service was forced offline on New Year’s Eve and it is only now that customer-facing services are on the way to restoration. Third-party currency services including those offered by Tesco Bank, Virgin Money, and HSBC have also been affected.   

This particular form of ransomware is believed to be responsible for the encryption of company data, but Travelex says there is “no evidence” at present that customer information has been compromised or stolen. 

Previous and related coverage


Have a tip? Get in touch securely via WhatsApp | Signal at +447713 025 499, or over at Keybase: charlie0



Credit:
Zdnet

Previous Post

Machine Learning Market Size Worth $96.7 Billion by 2025

Next Post

Human vs. Machine: In Advertising, We’re Both Winning

Related Posts

Security crucial as 5G connects more industries, devices
Internet Security

Security crucial as 5G connects more industries, devices

April 17, 2021
Google releases Chrome 90 with HTTPS by default and security fixes
Internet Security

Google releases Chrome 90 with HTTPS by default and security fixes

April 17, 2021
SolarWinds cybersecurity spending tops $3 million in Q4, sees $20 million to $25 million in 2021
Internet Security

SolarWinds: US and UK blame Russian intelligence service hackers for major cyberattack

April 17, 2021
Google Project Zero testing 30-day grace period on bug details to boost user patching
Internet Security

Google Project Zero testing 30-day grace period on bug details to boost user patching

April 17, 2021
Cyberattack on UK university knocks out online learning, Teams and Zoom
Internet Security

Cyberattack on UK university knocks out online learning, Teams and Zoom

April 17, 2021
Next Post
Human vs. Machine: In Advertising, We’re Both Winning

Human vs. Machine: In Advertising, We’re Both Winning

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

January 6, 2019
Microsoft, Google Use Artificial Intelligence to Fight Hackers

Microsoft, Google Use Artificial Intelligence to Fight Hackers

January 6, 2019

Categories

  • Artificial Intelligence
  • Big Data
  • Blockchain
  • Crypto News
  • Data Science
  • Digital Marketing
  • Internet Privacy
  • Internet Security
  • Learn to Code
  • Machine Learning
  • Marketing Technology
  • Neural Networks
  • Technology Companies

Don't miss it

10 Popular Must-Read Free eBooks on Machine Learning
Machine Learning

10 Popular Must-Read Free eBooks on Machine Learning

April 17, 2021
Security crucial as 5G connects more industries, devices
Internet Security

Security crucial as 5G connects more industries, devices

April 17, 2021
Relay Therapeutics pays $85M for startup with a new AI tech for drug discovery
Machine Learning

Relay Therapeutics pays $85M for startup with a new AI tech for drug discovery

April 17, 2021
Google releases Chrome 90 with HTTPS by default and security fixes
Internet Security

Google releases Chrome 90 with HTTPS by default and security fixes

April 17, 2021
ML Scaling Requires Upgraded Data Management Plan
Machine Learning

ML Scaling Requires Upgraded Data Management Plan

April 17, 2021
SolarWinds cybersecurity spending tops $3 million in Q4, sees $20 million to $25 million in 2021
Internet Security

SolarWinds: US and UK blame Russian intelligence service hackers for major cyberattack

April 17, 2021
NikolaNews

NikolaNews.com is an online News Portal which aims to share news about blockchain, AI, Big Data, and Data Privacy and more!

What’s New Here?

  • 10 Popular Must-Read Free eBooks on Machine Learning April 17, 2021
  • Security crucial as 5G connects more industries, devices April 17, 2021
  • Relay Therapeutics pays $85M for startup with a new AI tech for drug discovery April 17, 2021
  • Google releases Chrome 90 with HTTPS by default and security fixes April 17, 2021

Subscribe to get more!

© 2019 NikolaNews.com - Global Tech Updates

No Result
View All Result
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News

© 2019 NikolaNews.com - Global Tech Updates