"Texas School District Loses $2.3M to Phishing Attack"

A new phishing attack has affected The Manor Independent School District (MISD), located roughly 15 miles outside Austin, Texas. MISD made three payments amounting to 2.3 million dollars. The school did not realize the bank account information got altered before making the payments, which means the three payments did not go to where they attended but to an adversary. Authorities believe that this is a case of business email compromise (BEC). BEC is when an adversary manipulates a victim into wiring money or changing bank account details. BEC attacks grew 295 percent in 2019. The investigation is still ongoing. 

DARKReading reports: "Texas School District Loses $2.3M to Phishing Attack"