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flag Maine school district loses over $1 million to cyber fraud in construction payment scheme.

flag The Mount Desert Island Regional School System in Maine fell victim to a cyber fraud scheme, losing over $1 million intended for a school construction project. flag The fraud involved changing the bank account information for a legitimate payment to a construction company. flag Upon discovery, the district disabled the compromised payment system and notified law enforcement, including the FBI. flag The fraudulent account has been frozen, and efforts are ongoing to recover the funds. flag The school district is also strengthening its financial procedures and providing additional training to prevent future incidents.

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