Five Flags Suffers Foreign Hack, $300,000 Stolen
Reports from authorities in Dubuque said a foreign hacker stole hundreds of thousands of dollars from a bank account belonging to Dubuque’s Five Flags Center. Around $300,000 was taken through an unauthorized transaction made via MidWestOne Bank sometime from Friday to Monday, according to Dubuque police.
Dubuque police are currently investigating how hackers requested a wire transfer through the bank and were then able to obtain the funds.
In addition, according to a report from the Telegraph Herald, Five Flags’ staff directed questions about the case to Dubuque police, with the City of Dubuque reporting, no city “accounts or departments being impacted." and that “fraudulent activity was isolated to a Five Flags Center account managed by ASM Global, the company the city contracts with for the management and operation of the Five Flags Center. The account impacted by this attack is wholly controlled by ASM Global. It is partially funded by the annual operating subsidy provided to ASM Global by the City of Dubuque, as outlined in the facility management contract.”
As of now Dubuque Police have been able to determine the hack originated from outside the U.S. upon reviewing bank correspondence.