A Connecticut city says it has recovered more than half the nearly $1 million stolen from city accounts during a 2016 hacking scheme.
An attorney for the city of Norwalk said Wednesday that by filing claims, complaints and a lawsuit against insurance companies, the city has been able to recoup $515,000 and is still pursuing the remaining $335,000 that was stolen.
The Hour reports the city discovered in November 2016 that an $849,741.59 payment made to a vendor using the Automated Clearing Housing system had not been received.
An investigation is ongoing into the hacking that targeted the vendor’s system. Norwalk police and the FBI are continuing to track down additional funds from the perpetrators.
Information from: The Hour
Topics Cyber Connecticut
Was this article valuable?
Here are more articles you may enjoy.
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud
Business Interruption Claims Arising From the Middle East Conflict
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 

