Wednesday, January 6, 2010

School District Locks Barn Door

"Over three days last month, about $3 million was drained by computer hackers from the bank account of the Duanesburg Central School District and deposited into overseas accounts. The cyber crime has prompted a joint probe into what banking and security officials say is a growing problem, underscoring the need for airtight internal controls.

"Duanesburg Superintendent Christine Crowley said during a news conference Tuesday at Duanesburg Elementary that the discovery of the unauthorized electronic transfers from the district coffers three days before Christmas left her in `total shock` and then `sheer anger.`

"...In response to the security breech, Crowley said Duanesburg school officials have closed all district bank accounts and established new ones with restricted online access."

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