The School District of Philadelphia was the victim of a cyber fraud scheme, according to the city controller.
Scammers posing as legitimate vendors who had completed flood damage repair work and other compensatory services hacked the district’s banking information or manipulated its payment systems to divert nearly $700,000 to themselves, City Controller Christy Brady said. They sent payments to themselves through electronic bank transfers on at least four occasions.
As a result of the scam, the school district’s actual vendors did not receive payment…