Education

FBI investigating $3.7 million cyber scam of Scott County Schools

Survey: Most can’t recognize scammer tactics

Washington residents aren't as good at recognizing common scams as they think, according to a new survey by the state AARP.
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Washington residents aren't as good at recognizing common scams as they think, according to a new survey by the state AARP.

Scott County Public Schools officials on Wednesday announced that the district is the victim of a $3.7 million cyber scam that is under investigation by the FBI.

Superintendent Kevin Hub provided the Herald-Leader with a statement that said on Wednesday morning the district received notification from a vendor that they did not receive payment of a recent invoice.

“Upon further investigation, we determined a fraudulent email led to the creation of an automated payment account. Within minutes of receiving this information, “ the statement said, Hub spoke with the Kentucky State Police and the FBI office in Lexington.

FBI special agents and forensic accountants are conducting a thorough investigation.

“Today they are focusing their efforts on the recovery of these funds because time is of the essence. We hope for a full recovery, “ the release said.

Officials said there has been no compromise to either the financial data system or the student data management system. This issue is narrowly defined to a specific vendor payment process, the release said.

As a precaution, the district finance and accounting team changed all district online passwords.

We are thankful that the Scott County Board of Education had the leadership and vision to add a cyber fraud policy to our insurance portfolio. For the sake of transparency, we thought it important to inform the community of this situation directly and with immediacy,” the release said.

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