Modernizing Authentication — What It Takes to Transform Secure Access
Over the past year, hackers have stolen $450,000 from the city of Gold Bar, Washington.
"Gold Bar officials first became aware of the problem around November 2011, [city mayor Joe] Beavers said," writes The Everett Herald's Rikki King. "At the time, someone was unsuccessfully attempting to pass fake checks made out from city accounts, he said. The city contacted law enforcement and the state Auditor's Office. The city closed out that bank account and opened others, but the hackers managed to get into those as well, Beavers said. 'It was a very knowledgeable group of people,' he said. 'They really whacked up on us hard.'"
"Beavers says he's cooperating with the FBI investigation and he says the city has reclaimed about half the money, and it hopes to get the rest back," writes The Seattle Times' Emily Heffter.
"The case is being investigated by the Clackamas County Sheriff’s Office in Oregon as part of a multi-state financial fraud ring. ... Gold Bar has been in deep financial trouble, with the mayor suggesting in July that the city could be broke by the end of the year and may become an unincorporated part of Snohomish County," NWCN reports.