Cyberattack on South Padre Island EDC leads to unauthorized fund transfer
1 report, 1 independent
Updated Oct 8
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What happened
A cyberattack targeted the South Padre Island Economic Development Commission, resulting in an unauthorized transfer of funds to a fraudulent account. South Padre Island Mayor Patrick McNulty confirmed that federal agents are investigating the attack and working to track the fraudulent transfer. The city has not disclosed the amount of money that was transferred.
From krgv.com
Why it matters
The Economic Development Commission receives a half percent of local sales tax revenue, which is held within the city's finances. The attack compromised the EDC, disrupting the management of this local sales tax revenue.
From krgv.com
Who's involved
- Patrick McNultyMayor of South Padre Island, who read a statement regarding the cyberattack
- South Padre IslandThe city that experienced the cyberattack on its Economic Development Commission
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The entities involved
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South Padre Island
island in Cameron County, Texas, United States
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