Man From Surrey, B.C., Charged After $550,000 Was Stolen From the City of Hamilton in Email Fraud
HAMILTON, ONTARIO, JUL 10 – A phishing email led to a $550,000 fraudulent transfer during post-cyberattack recovery, with $417,000 recovered and $130,000 still lost, police said.
- Hamilton Police charged a 32-year-old Surrey man in connection with a March 2024 email fraud that transferred over $550,000 from the city to a fraudulent account.
- The fraud stemmed from an email with altered banking details sent to a municipal housing staff member during a post-cyberattack recovery period that increased vulnerability to errors and manipulation.
- Investigators traced the suspect by analyzing surveillance footage, voice recordings, and banking data, following the flow of funds deposited into an account associated with a numbered company connected to him before being distributed across several Canadian personal and business bank accounts.
- Police recovered approximately $417,000 through account freezing and legal cooperation, but the City of Hamilton still sustained a financial loss exceeding $130,000 plus forensic and legal costs.
- The individual surrendered to authorities in Hamilton on July 7, was subsequently freed under certain restrictions, and is expected to attend a court hearing on August 14, as the police continue to investigate other parties involved in receiving the fraud-related funds.
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BC Man Charged in $550,000 Cyber Fraud Targeting City of Hamilton
A 32-year-old B.C. man has been charged by Hamilton police in connection to what authorities call “a complex cyber-enabled fraud.” According to a July 9 press release from the Hamilton Police Service, the suspect is accused of taking advantage of a cyberattack in order to steal over half a million dollars from a municipal housing affiliate of the City of Hamilton. The press release describes a cyberattack in February of last year that impacted …
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