Boulder County leaders believe insurance will cover the financial losses.
County leaders in Colorado said they mistakenly sent $238,000 to hackers after one of its vendors experienced a cyberattack.
Thinking it was the vendor itself, the county sent the check. However, it turned out the money was sent to a fraudulent account. Retirement accounts have become a popular target for cybercriminals looking to cash out. "Fraudsters continue to get more and more creative in their approaches, and we continue to enhance our safeguards to make sure to minimize the risk to taxpayer dollars."County officials said insurance should cover the financial losses after an investigation tasks place.
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