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City of Portland, OR

https://therecord.media/cybercriminal-scams-city-of-portland-ore-for-1-4-million/

Exploit: Business Email Compromise

City of Portland, OR: Municipal Government

Risk to Business: 1726 = Severe

Bad actors struck the city of Portland, Oregon in an audacious business email compromise attack that resulted in a $1.4 million fraudulent transaction with city funds in April. City officials say that cybercriminals obtained the money after gaining access to a city email account illegally. The compromise was detected in May when the same account attempted another transfer of funds. The incident is under investigation by the FBI, U.S. Secret Service and the Portland Police Bureau.

 

 

How It Could Affect Your Business: From municipalities to major national agencies, government targets have been a favorite of cybercriminals in the last few years.

 

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