$274,000 Stolen from the City of Hamilton in Business Email Compromise Fraud

$274,000 Stolen from the City of Hamilton in Business Email Compromise Fraud

Hamilton’s Corporate Services and Finance department promises to conduct basic diligence whenever the City receives an email requesting changes to vendor banking and payment information. This follows the City being defrauded of $274,000 after staff repeatedly changed banking information based upon emailed requests sent by a scammer who compromised a vendor’s email system In a report by the City’s internal auditors, it is stated: “In November 20…