Technology Puerto Rico's government lost $2.6 million to a phishing scam

21:30  13 february  2020
21:30  13 february  2020 Source:   engadget.com

Strong, 5.2 magnitude earthquake in Puerto Rico

  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, The Associated Press 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.

a group of people standing in front of a building

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

  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 in Baltimore and Atlanta. It's another thing to be fooled by a phishing scam. The incident is a reminder that no one is safe, and one wrong move 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, the cost of recovering from cybercrime tends to grow quickly.

Associated Press

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.

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