Hackers Stole Over $1 Million From The Calcasieu School Board

Hackers were able to hijack payments meant for contractors working for the Calcasieu School Board (CPSB) and stole over $1.5 million.

It's believed that the internet thieves used compromised emails from contractors that were doing hurricane-related repairs to CPSB facilities and diverted payments to their accounts.

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The Calcasieu Parish Sheriff's Office (CPSO) is reporting that the computer crooks took $1,570,330.52 in stolen funds.

The Calcasieu Parish School Board said in a statement:

Greater than 50% of the funds have been recovered through actions initiated by the Calcasieu Parish School Board acting quickly upon discovery. A report was immediately filed with law enforcement, and a claim has also been filed through the Calcasieu Parish School Board’s cyber insurance policy which will likely result in the recovery of an additional $250,000.

 

The CPSO is currently investigating this case and the school board hopes they will be able to recover more of the stolen funds.