Pay walled:
www.orlandosentinel.com
Snippet:
Thieves stole $107,625 from the University of Central Florida by hacking into a vendor’s computers, tricking officials into transmitting money to a bogus bank account then swamping the school’s email system so it didn’t notice warnings about the fraud, according to a newly released audit.
By the time the university realized 12 days later that it had been victimized, nearly all the money had vanished. There were no reports of arrests in the case.
A newly released report from Florida’s auditor general spelled out details of the sophisticated theft, which happened in May. Even after the fraud, the auditor said the university was still transmitting payments to vendor bank accounts before they could be verified.
Thieves steal $107,625 from UCF in sophisticated hacking scheme
Hackers swamped the school’s email system so fraud warnings went unnoticed.
www.orlandosentinel.com
Snippet:
Thieves stole $107,625 from the University of Central Florida by hacking into a vendor’s computers, tricking officials into transmitting money to a bogus bank account then swamping the school’s email system so it didn’t notice warnings about the fraud, according to a newly released audit.
By the time the university realized 12 days later that it had been victimized, nearly all the money had vanished. There were no reports of arrests in the case.
A newly released report from Florida’s auditor general spelled out details of the sophisticated theft, which happened in May. Even after the fraud, the auditor said the university was still transmitting payments to vendor bank accounts before they could be verified.
