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Hacker Attempts To Steal $4 Million From Puerto Rican Government In Phishing Scam

Hackers attempted to steal $4 million from the Puerto Rican government using a common phishing scam. The scams referred to as business email compromises, target public and private entities every year on the U.S. mainland. Here’s what we know so far.

A hacker attempted to steal millions of dollars from the Puerto Rican government.

Credit: @DavidBegnaud / Twitter

According to reports, hackers were able to infiltrate various agencies in the Puerto Rican government through phishing emails. The hackers attempted to access $4 million dollars by targeting Puerto Rico’s Industrial Development Company and the Tourism Company.

The Industrial Development Company sent around $2.6 million while the Tourism Company wired over $1.5 million. According to the AP, the agencies received emails from a fraudulent employee claiming there was a change of bank accounts.

Federal officials say they were about to freeze the money to prevent loss to Puerto Rico.

David Begnaud of CBS News took to Twitter to update people on the latest developments. According to Begnaud’s conversation with federal authorities, the hackers had not received the money from Puerto Rico and they were able to freeze it. They are working to send the money back to Puerto Rico.

Puerto Rico is not the only victim in a phishing crime. During the same time as the hacking of Puerto Rico, a school district in Manor, Texas lost $2.3 million and another $800,000 were stolen from officials in Griffin, Georgia. More than 23,000 of these scams stole $1.7 billion from businesses and agencies in the U.S. mainland last year. The FBI was able to recover around $300 million.

The news is surprising people on social media.

Credit: @MilagsCon / Twitter

Corruption in Puerto Rico’s government has been a topic of discussion since Hurricane Maria devastated the island. Puerto Rico was recently devastated by a series of earthquakes while still recovering from the 2017 hurricane that devastated the island. Missing relief funds and misplaced supplies have angered Puerto Ricans in recent months as it comes to light.

This latest financial and security shortcoming of Puerto Rico’s government is not helping its reputation.

Credit: @J_Fort47 / Twitter

Puerto Ricans have been showing their displeasure with the elected officials on the island for years. Recently, Puerto Ricans protested and marched until Ricardo Rosselló resigned from his office. The former governor was caught in a group chat scandal in which he made derogatory comments about the LGBTQ+ community and women. There were also allegations of corruption and misuse of funds within his admi9nistration that led to a series of investigations.

READ: The Puerto Rico Department of Justice Is Seeking An Independent Investigation Into Ricardo Rosselló

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