A Connecticut city says it has recovered more than half the nearly $1 million stolen from city accounts during a 2016 hacking scheme.
An attorney for the city of Norwalk said Wednesday that by filing claims, complaints and a lawsuit against insurance companies, the city has been able to recoup $515,000 and is still pursuing the remaining $335,000 that was stolen.
The Hour reports the city discovered in November 2016 that an $849,741.59 payment made to a vendor using the Automated Clearing Housing system had not been received.
An investigation is ongoing into the hacking that targeted the vendor’s system. Norwalk police and the FBI are continuing to track down additional funds from the perpetrators.
Information from: The Hour
Topics Cyber Connecticut
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers
World’s Growing Civil Unrest Has an Insurance Sting
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 

