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The School District of Philadelphia lost nearly $700,000 to cyber fraud in 2024, according to a report from City Controller Christy Brady. Cybercriminals hacked the district's email system, posing as contractors or vendors owed money, and infiltrated the district's banking system multiple times to divert funds into their own accounts. The fraudulent activity was uncovered in a City Controller report released in May 2025, highlighting vulnerabilities in the district's financial controls.
Cyber fraud cost Philly schools nearly $700K last year, city controller says https://t.co/hhTkZgnFjx
Malicious actors posing as vendors allegedly hacked into the School District of Philadelphia’s banking system several times in 2024 and diverted a total of nearly $700,000 into their own accounts, Christy Brady, city controller, said Thursday. https://t.co/0QhvcURXXc
Cyber thieves defrauded the Philly School District out of $700,000 last year after hacking an email and posing as contractors owed money; a new City Controller report found. https://t.co/6l70raSfl0
