Local agencies’ cybersecurity alarms raised by State Treasurer’s Office

TLDR:

• The State Treasurer’s Office thwarted a cyber attack aimed at stealing millions from a small Southern California city.
• Local governments are urged to review their security protocols in light of the attempt.

The California State Treasurer’s Office recently prevented a cyber attack targeting the Local Agency Investment Fund, which could have resulted in the loss of millions of dollars from a participating jurisdiction. State Treasurer Fiona Ma and the FBI worked together to stop the attack, highlighting the importance of maintaining strong security protocols for local government agencies. The Treasurer’s Office has added extra security measures to prevent future incidents, emphasizing the need for all participants to remain vigilant and ensure the safety of their funds.