- Associated Press - Thursday, May 7, 2015

ANCHORAGE, Alaska (AP) - An Alaska Native corporation is trying to recover $3.8 million that was transferred to a bank account in Hong Kong last month in what officials are calling a cyberattack.

Kodiak-based Afognak Native Corp. CEO Greg Hambright told the group’s 900 shareholders in a letter last month that one of its subsidiaries, Alutiiq LLC, had been successfully targeted by a cyberattack. Officials said the April 15 attack originated in either Asia or Eastern Europe, the Alaska Dispatch News reported (https://bit.ly/1F1aWCS ).

“Please be assured the company is working aggressively to recover funds to the maximum extent possible under law,” Hambright wrote.

Hambright said an email from a Europe-based address mirroring his own was sent to the Native corporation’s controller. A call came in a few minutes later from someone who asked for the “urgent” transfer of $3.8 million to a fictitious business account in Hong Kong.

Hambright said the attackers demanded strict confidentiality from the controller.

The controller believed the request was authentic, and the money was transferred. The transaction was discovered two days later by Hambright and a financial officer.

Corporation officials contacted their corporate bank and the FBI after realizing what had occurred.

The corporation is working closely with the FBI on the investigation and made an insurance claim, while auditors are reviewing its protocols.


Information from: Alaska Dispatch News, https://www.adn.com

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