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Hackers steal nearly $1 mil from Save the Children charity

Save the Children says hackers stole nearly $1 million from the nonprofit through a sophisticated email scam.
The Boston Globe reports that scammers hacked into the email of a worker at the charity's U.S. offices last year, posed as an employee, and created false invoices and other documents to fool the nonprofit into sending nearly $1 million to a fraudulent entity in Japan.
The scammers claimed the money was needed to purchase solar panels for health centers in Pakistan, a country where Save the Children has worked for decades.
The Save the Children Federation , the Fairfield, Connecticut-based U.S. affiliate of the international organization, said its insurance reimbursed all but $112,000 of the stolen funds.
The charity has since tightened its cybersecurity and bank transfer protocols to prevent fraud.
Information from: The Boston Globe, http://www.bostonglobe.com


© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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