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UPDATE: Some hacked payroll funds recovered

by
Paycheck
Paycheck

UNDATED (WSAU)   Bank officials say part of the $150,000 that a computer hacker stole from a school payroll in western Wisconsin has been recovered. Stanley-Boyd school officials said they sent their payroll funds to Madison’s Anchor Bank last week as usual – and the bank later reported that the payroll recipients were modified.

One school official blamed the bank at first, saying the data was accurate when it left the school facility. But Jennifer Ranville of Anchor Bank said there’s no evidence that its systems were compromised. The F-B-I is trying to get to the bottom of what happened.

Ranville said the bank worked with school officials to make sure the district’s 150 employees were paid on time, but she could not go into details as to how it happened. Ranville said the bank was also helping the school employees start new accounts, since the hacking exposes them to possible identify theft. And she said no other Anchor Bank accounts were affected by the incident.

In a statement, the Stanley-Boyd school district said it’s working with the bank to make its money transfers more secure. And if all the stolen money is not recovered, the district’s liability insurance will cover it.

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