There are 2 myths that stand in the way of boards understanding the threats posed by cyberattacks and ensuring their businesses can be safe against cybercriminals and hackers.
Recently, Scott County Schools, in Kentucky, fell victim to a $3.7 million fraud phishing scam. According to Superintendent Dr. Kevin Hub, a vendor informed the district that an invoice sent to the district had not been paid. In looking into the matter, the district found that someone else had been paid instead, via a fraudulent email disguised as the vendor.
“This is a process that we use currently in Scott County Schools. It’s a way that we pay our vendors. And it was in this specific case, a single case, that we can verify, and this fraudulent email and fraudulent documentation is what caused this crime to happen.”