Nueces County officials provided an update Monday on the cybersecurity attack that has cost the county nearly $2 million, revealing that most funds are expected to be recovered.
Interim County Auditor Constance Sanchez confirmed that the county fell victim to what investigators have determined was a business email compromise scheme involving five separate fraudulent incidents, three of which resulted in financial losses.
The largest transaction of $999,214.12 will be fully recovered with assistance from Frost Bank, the county’s depository, Sanchez announced during Monday’s press conference. A second significant loss of $937,777.10 remains under investigation, though officials expressed confidence that these funds will also be recovered, potentially within 120 days…