City of Burlington reports online fraud

guest · Jun 14, 2019

City of Burlington reports online fraud
June 13, 2019
https://www.burlington.ca/en/Modules/News/index.aspx?newsId=7154f07d-58dc-4bdb-b723-d59372f4f9c2

On Thursday, May 23, the City of Burlington discovered it was a victim of fraud. A single transaction was made to a falsified bank account as a result of a complex phishing email to City staff requesting to change banking information for an established City vendor.
The transaction was in the form of an electronic transfer of funds made to the vendor in the amount of approximately $503,000 and was processed on May 16.

Upon learning of the fraudulent payment, the City took immediate steps. We reported the unauthorized payment to our financial institution; we notified the Halton Regional Police; and we put in place additional internal controls to prevent this from occurring in the future. Criminal investigations are also underway by the appropriate authorities.

A full review of our current processes will determine the need for other changes. The City can confirm that our IT system was not compromised during this incident; no personal information was stolen or shared.
These types of targeted attacks are all too common and can take many forms. Governments and businesses are just as prone to scams as are individuals
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"[...] This stresses just how important it is that we are all vigilant and recognize the signs of online fraud, phishing and other scams, and report them to the proper authorities — so that no one becomes a victim of this type of criminal activity.”
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City of Burlington reports online fraud

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