FBI Investigating Theft of $500,000 from NY School District

The FBI is investigating the theft of nearly a half million dollars from tiny Duanesburg Central School District in upstate New York, after cyber thieves tried to loot roughly $3.8 million from district online bank accounts last month. On Friday, Dec. 18, thieves tried to electronically transfer $1.86 million from the district's account at NBT Bank to an overseas account. The following Monday, the attackers attempted to move another $1.19 million to multiple overseas location. It wasn't until the next day, when transfers totaling $758,758.70 were flagged by a bank representative as suspicious, that the two previous unauthorized transactions were discovered, school officials said. Posted in: Account Takeover Identity Theft