The Town of Peterborough, New Hampshire, said it lost $2.3 million after scammers tricked town employees into sending large payments to the wrong accounts.
Town officials said they first learned of the losses on July 26 after the ConVal School District said it did not receive its $1.2 million monthly transfer.
An investigation into the lost payment revealed that scammers used spoofed email accounts and forged documents to redirect the town’s payment to accounts under their control.
During the subsequent investigation, officials said they also discovered two additional hijacked payments that were meant to reach Beck and Bellucci, two contractors working on a local bridge.
