Texas School District Loses $2.3m in Phishing Raid

A Texas school district has found out the hard way that phishing attacks remain a serious financial threat to organizations of all shapes and sizes, losing an estimated $2.3m in a recent scam.
Manor Independent School District took to Twitter to post official confirmation that the FBI is currently investigating the incident.“This investigation is still ongoing and although there are strong leads in the case we are still encouraging anyone with information to contact Detective Lopez at the Manor Police Department,” it added. According to reports, three separate fraudulent transactions took place in November last year following the phishing attack, although there are few other details to go on.