Henderson ISD falls victim to fraud in a business email compromise scheme

David Chenault reports:

Financial scammers stole more than $600,000 from Henderson ISD through a sophisticated, yet common, fraud scheme.

According to HISD’s financial records, on Sept. 26, the district initiated a $609,615.24 direct electronic bank payment (known as an Automated Clearing House or ACH) to RPR Construction Company Inc. The firm is overseeing the construction at Lions Stadium and renovation work at the former Chamberlain Elementary School.

However, on Oct. 1, the district’s business department staff discovered the funds were mistakenly transferred to a fraudulent account instead of RPR’s bank account. Administrators soon realized HISD was the target of a Business Email Compromise (BEC) scheme.

Read more on Tyler Morning Telegraph.

h/t, @K12CyberMap

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