Cyber theft leaves Nishna Valley YMCA with $30k loss

News

February 14th, 2012 by Ric Hanson

The final numbers are in on a financial loss experienced by the Nishna Valley Family YMCA in Atlantic, due to Cyber Theft. In December, YMCA Executive Director Dan Haynes announced that their computer systems had been infected by a virus that targeted their ACH financial transactions. At that time, he said the YMCA sustained losses amounting to about $54,000. According to Haynes, to date, $18,500 has been returned, and with a reimbursement from insurance the total loss amounts to about $30,000.

He said they found out about the questionable transactions after they were notified by their financial institution on November 23rd. In December, Haynes said it did not appear the virus went after their members’ personal financial information, but it’s possible some of that information, such as checking or bank account routing numbers, may have been compromised.

It was the first time the Nishna Valley Family YMCA has experienced a Cyber theft, and they are continuing to work with technology experts and local bank officials to make sure it never happens again. The FBI he says, have not yet provided the YMCA with a report into the agency’s investigation of the incident.