The Lloydminster Catholic School Division (LCSD) has reported a loss of $16,399 to the Saskatchewan Government.
In its advisory, the province defines the money as “public money.” The loss occurred between Sept. 1 and Nov. 30 of last year.
The LCSD provided the following statement in regards to the incident.
The Lloydminster Catholic School Division confirms that it recently fell victim to an external financial fraud incident totaling $16,399. The matter was promptly identified, addressed, and resolved. While unfortunate, this experience has reinforced the evolving challenges organizations face in today’s digital landscape.
“We take our financial stewardship seriously and have implemented additional safeguards to prevent future incidents,” said Nigel McCarthy, Director of Education for LCSD. “This situation serves as a reminder of the sophisticated tactics fraudsters now employ. We remain committed to maintaining the highest level of security and diligence in protecting public funds as we look forward to the conclusion of the RCMP investigation into this matter.”
The Division remains vigilant, continuously adapting to new threats and strengthening measures to safeguard its resources.
The Lloydminster RCMP have confirmed the incident is under investigation, no further details are available at this time.
Read More: Canada, Sask invest $7.2M in Agri research – Meridian Source