FBI investigates Nigerian Fraud against School System

by Feb 27, 20192019, Breaches, January0 comments

Who: Caddo Parish School System

What was affected: This phishing scheme targeted funds designated for Charter Schools USA, which operates Magnolia School of Excellence.

When it happened: Summer 2018

How it happened: Caddo Schools makes monthly payments to the charter school. Over the summer, a bank out of Nigeria hacked into Charter Schools USA’s account and changed the banking information on file with Caddo Schools. $988,000 was deposited into the wrong account.

Outcome: The Cyber Crimes Division for the Caddo Sheriff’s Office has located more than $713,500. They believe they’re on track to finding the remaining $275,000 in the coming weeks. The school district is hiring a law firm out of California to secure the return of those funds.

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