FBI and local police are investigating how scammers tricked officials in a small Colorado town into electronically transferring over $1 million to a fraudulent account. The town of Erie, population 18,000, is still attempting to recover the funds via its insurance coverage. Erie officials have since removed the electronic payment forms from its website and will temporarily suspend wire transfers until an investigation is complete. The scam that targeted the Colorado town is similar to a type of business email compromise scheme that some have labelled a vendor email compromise”]
Source: https://www.cuinfosecurity.com/fbi-investigating-how-town-defrauded-1-million-report-a-13580