https://therecord.media/cybercriminal-scams-city-of-portland-ore-for-1-4-million/
Exploit: Business Email Compromise
City of Portland, OR: Municipal Government
Risk to Business: 1.726 = Severe
Bad actors struck the city of Portland, Oregon in an audacious business email compromise attack that resulted in a $1.4 million fraudulent transaction with city funds in April. City officials say that cybercriminals obtained the money after gaining access to a city email account illegally. The compromise was detected in May when the same account attempted another transfer of funds. The incident is under investigation by the FBI, U.S. Secret Service and the Portland Police Bureau.
Individual Risk:
No information about consumer/employee PII, PHI or financial data exposure was available at press time.
How It Could Affect Your Customers’ Business: From municipalities to major national agencies, government targets have been a favorite of cybercriminals in the last few years.
Risk Levels:
1 - 1.5 = Extreme Risk
1.51 - 2.49 = Severe Risk
2.5 - 3 = Moderate Risk
*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.
