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flag Toronto school board lost $1M to scammer posing as contractor via fake email, now suing for $2M.

flag The Toronto District School Board lost over $1 million in a 2024 fraud scheme where a scammer impersonated a contractor using a fake email with obvious spelling errors, tricking the board into wiring funds to a TD Bank account. flag The board is now suing an anonymous defendant for over $2 million and seeking a court order to compel TD to disclose account details. flag Cybersecurity experts called the scam “low-tech” and “highly preventable,” criticizing the board for failing to detect basic red flags. flag The incident, uncovered by the Toronto Star, comes amid the board’s projected $34 million deficit and provincial financial oversight. flag The TDSB has since strengthened internal controls and provided anti-fraud training but has not explained why the loss was not disclosed earlier.

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