Palisades Park recovers $200,000 after cyber attack

guest · Feb 28, 2019

Palisades Park recovers $200,000 after cyber attack
February 28, 2019
https://eu.northjersey.com/story/ne...recovers-200-k-after-cyber-attack/3004517002/

After a cyber attack on municipal computers drained nearly half a million dollars from its accounts at Mariner's Bank, the borough received a $200,000 advancement on its insurance claim this week.

Mariner's Bank, which is based in Edgewater and has seven locations in Bergen County, told officials last month that $460,000 was missing from the borough's accounts as a result of a fraudulent wire transfer, said Dave Lorenzo, the borough administrator. It's believed the theft is related to a hacking attack on the borough's computer systems, not a bank breach.

The town is the latest victim of cyber attacks targeting New Jersey municipalities.
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Palisades Park recovers $200,000 after cyber attack

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