Technology Puerto Rico's government lost $2.6 million to a phishing scam
Strong, 5.2 magnitude earthquake in Puerto Rico
A 5.2 magnitude earthquake cracked walls and brought down power lines in Puerto Rico on Friday as the Caribbean island was trying to recover from its worst quake in over a century on Tuesday. © Reuters People rest at a camp set up in a lot next to their homes after the earthquake in Yauco, Puerto Rico, January 9, 2020. REUTERS/Marco Bello The latest temblor took place at 6:26 p.m. (5:26 p.m. EST), with its epicentre around 4 km (2.5 miles) from Indios on the island's southern coast, the U.S. Geological Service reported.Local residents posted tweets showing damage from the quake, which one described as "super strong.
An email phishing scam duped the government of Puerto Rico into transferring more than $2.6 million into a fraudulent account,reports. A government agency transferred the funds on January 17th, but the incident was just discovered this week. Puerto Rico is working with the FBI to investigate and recover the funds.
Rubén Rivera, finance director of the island's Industrial Development Company, told AP that the agency received an email alleging a change to a bank account tied to remittance payments. In response, the agency transferred the funds to the fake account. It's still unclear how officials discovered the scam, if anyone has been dismissed or if the agency's operations have been affected because of the missing funds.
Magnitude 5.9 earthquake rocks Puerto Rico
A magnitude 5.9 earthquake shook Puerto Rico Saturday morning, the most recent in a string of quakes and afterschocks that have left thousands on the island without power and water.The 8:54 a.m. quake struck 8 miles southeast of Guanica at a shallow depth of 3 miles, according to the U.S. Geological Survey.
It's one thing for government agencies to be hacked via ransomware, like we've seen inand . It's another thing to be fooled by a phishing scam. The incident is a reminder that , and can cost millions. This is the last thing Puerto Rico needs in the midst of its 13-year recession, and as we've seen in Baltimore and Atlanta, from cybercrime tends to grow quickly.
Kachkar receives 30 years in prison
Jack Kachkar, the Canadian businessman who wanted to buy OM in 2007, was sentenced to 30 years in prison in the United States for fraud estimated at more than $ 100 million.
The penalty is heavy for Jack Kachkar, 56 years old. The Canadian businessman, who was remembered for trying to buy OM in 2007, was sentenced to 30 years in prison and 5 years of parole by the American courts. The South Florida District Court also fined him $ 103.5 million! Because the scam is giant.
Arrested in September 2018, the man who resides in Key Biscayne was tried for three weeks last winter and was found guilty of fraud against a financial institution. From 2005 to 2007, Kachkar, through his pharmaceutical company (Inyx), convinced Westernbank, a bank in Puerto Rico, to lend him a total of $ 142 million on the basis of false invoices. He took the opportunity to divert tens of millions of dollars to buy luxury cars, two villas in the Miami area and even a private jet.1,500 employees on the job
In June 2007, Westernbank recorded losses of more than $ 100 million due to the loans granted to Inyx and a series of events then led to the bankruptcy of the Puerto Rican financial institution, which then employed 1,500 people ... This case has been studied by numerous organizations, including the FBI, and with the support of the United States Department of Homeland Security.
As a reminder, on the Marseille side, Jack Khachkar had proposed to Robert Louis-Dreyfus to buy the club for 115 million euros, before deserting a few weeks later. In 2011, the Paris Criminal Court sentenced the businessman to 10 months suspended prison sentence for fraud. He had provided RLD with false bank guarantees and made a transfer from an empty account.MSN advises you: (RMC Sport) (RMC Sport) scandal (Sports .fr) (Sports.fr)
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After Math: Stunning figures .
The news just wouldn't stop dropping this week. First, Parasite absolutely dominated the Oscars, everyone was convinced Bill Gates bought a hydrogen-powered mega-yacht for a hot second (surprise, he didn't), Israeli Prime Minister Benjamin Netanyahu's political party left the entirety of its voter rolls -- millions of records -- just swinging in the breeze, and the massive $26.5 billion T-mobile/Sprint merger finally got the court's blessing toI'm disappointed in you, Puerto Rico. Getting snookered for seven figures by a run-of-the-mill phishing scam is the sort of behavior I'd expect from Florida, but you should know better.
Puerto Rico Scammed Out Of $2.6 Million
Officials say email phishing scam results in the loss of government funds. Learn more about this story at https://www.newsy.com/97885/ Find more videos like ...
Official: Puerto Rico govt loses $2.6M in phishing scam
Reported today on The Seattle Times For the full article visit: ...