VOORHEESVILLE, N.Y. (WRGB) — The Voorheesville Central School District announced that it was the victim of a cyber-fraud incident that resulted in the unauthorized transfer of approximately $1 million from its Capital Construction Fund.
In a statement posted Thursday, the district said it became aware of the incident on Oct. 8 and has been working closely with law enforcement.
School officials said that approximately $750,000 of the funds had been successfully recovered as of the announcement.
The district is collaborating with the New York State Police, with assistance from the FBI and the United States Secret Service, on what it called an “active and ongoing investigation.”
Efforts are continuing to recover the remaining amount.
In a statement, the district said:
In the event that full recovery is not possible, the district will seek reimbursement through its existing cyber insurance coverage to mitigate any financial impact.
School officials extended “sincere appreciation” to the law enforcement agencies for their “immediate response, diligence and expertise” in the investigation.
The full statement can be found here.