The Grand Forks Public Schools lost $2.2 million to a phishing scheme, as reported by the district’s business manager following an investigation into the fraud.
In the days leading up to the fraud incident, the district processed over a thousand payments largely consisting of payroll, indicating a busy financial period.
Among the significant payments noted were two substantial transactions made to Construction Engineers Inc., highlighting the potential vulnerabilities in managing large financial transfers.
This incident underscores the increased risks educational institutions face from cyber threats, emphasizing the need for stronger security measures to protect district funds.
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