The town of Memphis, Tennessee, misplaced $773,000 in a phishing scam in 2022, however officers didn’t disclose the loss till an area media outlet requested about it not too long ago. The town was making common funds to an area building firm. “Following a request from who they believed to be Zellner Building, they modified the account particulars and wired $773k to an account that was, certainly, not Zellner,” metropolis media affairs supervisor Arlenia Cole said in a press release. Officers stated that by the point they found the error the time interval to reclaim the cash had expired.
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