Understanding exactly how cybercriminals were able to break into a staff member’s email account and eventually bilk the Town of Peterborough out of $2.3 million last summer, forcing the use of unrestricted fund balance to fill the gap, remains.
When the Town of Peterborough was hit by a $2.3 million cyber fraud last year, state officials in charge of computer security say they were in the dark about it until they read news reports.A bill that cleared the House Municipal and County Government.
Peterborough became the target of a phishing scam, accidentally transferring $2.3 million to internet scammers.The scam, which was announced in August, consisted of criminals forging emails to disguise themselves as employees of ConVal and Beck &.
Peterborough’s insurer will cover $125,000 of the $2.3 million lost in a scam, according to Town Administrator Nicole MacStay.“There was never an expectation that the losses would be 100 percent covered,” MacStay said. “We were working with.
Peterborough’s insurer will cover $125,000 of the $2.3 million lost in a scam, according to Town Administrator Nicole MacStay.“There was never an expectation that the losses would be 100% covered,” MacStay said. “We were working with Primex (the New.