City of Saskatoon Data Breach (2019)

Saskatoon city manager Jeff Jorgensen has admitted that the city has lost $1.04 million to a fraudster posing as a construction company’s chief financial officer for weeks. An expert now believes that the money may have been sent overseas and it is possible the city will never see the over $1 million in taxpayer money again. The City of Saskatoon has been affected by a fraud scheme, where a fraudster electronically impersonated the CFO of a construction company and asked for a change of banking information. The City complied, and as a result, the next contract payment intended to go to that company, $1.04 million, was directed to the fraudster’s bank account. The fraud was identified on August 12, 2019.