Chester Upland School District was targeted by the cyber attack that an international thief or thieves stole approximately $3 million.
They moved swiftly to collect the $10.3 million of the stolen money; however, they are still seeking to retrieve the remaining $3 million.
The district has sought the state Department of Education for financial support while simultaneously negotiating with its insurance company to recover the additional monies.
The theft has put the district's plans for building upgrades on hold in the interim.
The district has instituted a two-step email login process, frequent password changes that are required, and new training for its IT employees, according to the Inquirer.
The state updated its system to alert officials to questionable transactions and included a new tool for fraud prevention verification.
TPRM report: https://scoringcyber.rankiteo.com/company/chester-upland-school-district
"id": "che1138151122",
"linkid": "chester-upland-school-district",
"type": "Cyber Attack",
"date": "08/2022",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization's existence"
{'affected_entities': [{'industry': 'Education',
'location': 'Chester Upland, PA',
'name': 'Chester Upland School District',
'type': 'Educational Institution'}],
'attack_vector': 'Unknown',
'description': 'Chester Upland School District was targeted by a cyber attack '
'that resulted in the theft of approximately $3 million. The '
'district has sought financial support from the state '
'Department of Education and is negotiating with its insurance '
'company to recover the funds. The theft has put the '
"district's plans for building upgrades on hold.",
'impact': {'financial_loss': '$3 million',
'operational_impact': 'Plans for building upgrades on hold'},
'motivation': 'Financial Gain',
'references': [{'source': 'Inquirer'}],
'response': {'enhanced_monitoring': ['System updates to alert officials to '
'questionable transactions',
'New tool for fraud prevention '
'verification'],
'remediation_measures': ['Two-step email login process',
'Frequent password changes',
'New training for IT employees'],
'third_party_assistance': ['State Department of Education',
'Insurance Company']},
'threat_actor': 'International thief or thieves',
'title': 'Chester Upland School District Cyber Theft',
'type': 'Cyber Theft'}