Eagle Mountain City announces it has fallen victim to cybercrime, losing $1.13 million in the process
EAGLE MOUNTAIN, Utah — Eagle Mountain City said it has spent"significant time" strengthening financial policies after the city fell victim to an organized cybercrime that resulted in the loss of nearly $1.13 million.
The impersonator portrayed themselves as a representative of a vendor working closely with Eagle Mountain City on a major infrastructure project, officials explained. The investigation revealed the money was transacted through an Automated Clearing House transfer, and city leaders say financial policies regarding ACH payments have since been strengthened.
"We are currently working with the insurance provider to ensure that that those funds are reimbursed. We're confident that they will be and Eagle Mountain City's taxpayers will be will be reimbursed for that and the city will be back to normal operations," explained Maffitt.
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