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المشهد
Fraud drains town of $26M
Cybercriminals diverted $26 million from the town of Cranbury, New Jersey, using forged banking instructions. The money was intended to buy land for a project funded by the municipality. Authorities managed to freeze and recover $17.3 million, while about $9 million remains missing; it is unclear how much the insurance policy will cover. The announcement of the theft on November 6, after the local elections, angered residents and raised suspicions about its timing. The police chief said the delay was intended to avoid alerting the scammers, while the municipality began reviewing its financial controls and the allocation of responsibilities.
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