WAPA, part 3298...  


East Ender
Posts: 5329
(@east-ender)
Expert
Joined: 14 years ago

WAPA Responds To Outcry, Says It Fell Victim To Phishing Email Resulting In Theft Of More Than $2 Million

$2 million + goes missing in May and June, 2018.

We hear about it June, 2019.

WAPA says they were victims of a phishing scam.

LOL

18 Replies
Scubadoo
Posts: 2240
(@Scubadoo)
Trusted Member
Joined: 5 years ago

Only in the VI.  How is it that a funds transfer from a public utility can be initiated from an email click whether or not it's legitimate?

Reply
1 Reply
vicanuck
(@vicanuck)
Joined: 10 years ago

Trusted Member
Posts: 2381
Posted by: Scubadoo

Only in the VI.  How is it that a funds transfer from a public utility can be initiated from an email click whether or not it's legitimate?

You obviously don't know much about keylogger and other malicious tools that are readily available on the dark web. Its very simple to gain access to a PC and surreptitiously drain the funds from someones bank account. It happens everyday. I'm a business owner and I get phishing emails everyday, often more than one. Some are easy to spot, others not so much. 

Reply
Jumbie
Posts: 710
(@ohiojumbie-2)
Trusted Member
Joined: 10 years ago

Foxes are guarding the Hen House. 

Reply
stxsailor
Posts: 596
(@stxsailor)
Trusted Member
Joined: 4 years ago

Does anyone even really believe the 'phishing scam" excuse? These clowns probably used the dog ate my homework excuse in school. This is the VI, land of "we like it this way if you don't like it move" The number on reason we are the way we are. 

Reply
stjohnjulie
Posts: 826
(@stjohnjulie)
Trusted Member
Joined: 11 years ago

For me, the part that is hard to believe is that they paid a bill that big with just the prompting of an email.  

Reply
2 Replies
vicanuck
(@vicanuck)
Joined: 10 years ago

Trusted Member
Posts: 2381
Posted by: stjohnjulie

For me, the part that is hard to believe is that they paid a bill that big with just the prompting of an email.  

That's not how it happens. You click on a link within the "official" looking phishing email. Once you click the link, malicious software is loaded onto your computer in the background, unbeknownst to you. The software then begins to secretly log all the key strokes over a period of time and emails them to the scammer. With that, all the scammer has to do is sift through them and find out what sites you've been to and use the user name and passwords they've collected to drain your accounts. You can buy keylogger software and other such tools on the dark net for less than $100.

Reply
Fishbait
(@Fishbait)
Joined: 2 years ago

Advanced Member
Posts: 226
Posted by: vicanuck
Posted by: stjohnjulie

For me, the part that is hard to believe is that they paid a bill that big with just the prompting of an email.  

That's not how it happens. You click on a link within the "official" looking phishing email. Once you click the link, malicious software is loaded onto your computer in the background, unbeknownst to you. The software then begins to secretly log all the key strokes over a period of time and emails them to the scammer. With that, all the scammer has to do is sift through them and find out what sites you've been to and use the user name and passwords they've collected to drain your accounts. You can buy keylogger software and other such tools on the dark net for less than $100.

I happened to mention the WAPA screw up to my rental manager. They said they will not do any international transfers (including to or from stateside) without a phone call voice confirmation. Our investment guys are the same way. They will not move ANY money without a voice call (except for a standard monthly disbursement of small amounts, for example.)

 

This had to be a hell of a hack, or else WAPA's protocols for moving money need some review! 

Reply
stjohnjulie
Posts: 826
(@stjohnjulie)
Trusted Member
Joined: 11 years ago

I thought these were wire transfers that were initiated by WAPA?  That was my understanding of the BEC scams.

Reply
East Ender
Posts: 5329
(@east-ender)
Expert
Joined: 14 years ago

PSC Denies WAPA Rate Increase Request, Demands Audit On All WAPA Financials, Contracts

Hmm... And if they don't get their raise? How will they pay that $200 million?

Reply
1 Reply
Scubadoo
(@Scubadoo)
Joined: 5 years ago

Trusted Member
Posts: 2240
Posted by: East Ender

PSC Denies WAPA Rate Increase Request, Demands Audit On All WAPA Financials, Contracts

Hmm... And if they don't get their raise? How will they pay that $200 million?

But wait, there's more

SENATOR CALLS FOR INVESTIGATIVE HEARING ON WAPA, SAYS PUBLIC-PRIVATE PARTNERSHIP IS BEST PATH FORWARD

Reply
Gator's Mom
Posts: 995
(@Gator's_Mom)
Trusted Member
Joined: 7 years ago

If WAPA is privatized, taxes in the VI will increase exponentially.

WAPA's high rates keep our taxes artificially low since the VI government doesn't pay its own utility bills. That lack of payment is currently reflected in the high WAPA rates for individual and private business customers who carry the burden of keeping the government's lights on.

Reply
1 Reply
vicanuck
(@vicanuck)
Joined: 10 years ago

Trusted Member
Posts: 2381
Posted by: Gator's Mom

If WAPA is privatized, taxes in the VI will increase exponentially.

WAPA's high rates keep our taxes artificially low since the VI government doesn't pay its own utility bills. That lack of payment is currently reflected in the high WAPA rates for individual and private business customers who carry the burden of keeping the government's lights on.

You're probably right. But at least we'll be able to vote on those who dare to raise the taxes. Whereas with WAPA, no such thing. I'm totally for privatization of this cancer. 

Reply
Gator's Mom
Posts: 995
(@Gator's_Mom)
Trusted Member
Joined: 7 years ago

No investor will assume WAPAs debts or abide by the current business plan. 

 

 

Reply
2 Replies
vicanuck
(@vicanuck)
Joined: 10 years ago

Trusted Member
Posts: 2381
Posted by: Gator's Mom

No investor will assume WAPAs debts or abide by the current business plan. 

 

 

It really doesn't matter to me one way or the other. I have solar and get a credit every month. The higher the price, the higher the credit. I put in AC just so I could use more of my free energy and generate less credit every month.

Reply
Gator's Mom
(@Gator's_Mom)
Joined: 7 years ago

Trusted Member
Posts: 995
Posted by: vicanuck
Posted by: Gator's Mom

No investor will assume WAPAs debts or abide by the current business plan. 

 

 

It really doesn't matter to me one way or the other. I have solar and get a credit every month. The higher the price, the higher the credit. I put in AC just so I could use more of my free energy and generate less credit every month.

I have solar net metering as well. But this should matter to us. Right now, WAPA rate payers are paying their hidden tax to support the VI government. Once/if privatization occurs, the VI government will raise taxes (no choice) to pay its past, current and future utility charges to the new WAPA.  

We, as net metering customers, will have to pay those increased taxes. Now, we sit back and agree that we made great decisions to add solar to our homes.  But even if we add battery storage to our solar systems, we still may have to pay increased taxes if that's the solution for a healthier utility system. 

My assumption would be property taxes will be increased - I can't imagine the VI being organized enough to institute a sales tax.

WAPA/PSC may also reduce the cost per KW hour once a new business plan is in place but add a hefty fee to the electric bill, which might be better for net metering customers depending on if the new WAPA honors our agreements.

Reply
singlefin
Posts: 872
(@singlefin)
Trusted Member
Joined: 6 years ago

Cut the cord.

At some point off the grid technology will get more affordable/reliable and then more homeowners, & buisness owners will go in that direction. Just like the old telephone companies and how their infrastructure is falling away, so to will large utility companies.

In the meantime WAPA will continue to screw-the-pooch. The government needs to concentrate on things there aren’t any other options for, like new roads, healthcare coverage, new hospital, etc...

Reply
East Ender
Posts: 5329
(@east-ender)
Expert
Joined: 14 years ago

How many power outages in two days? They must be going around draining gas tanks to get the facility going again...

Reply
Scubadoo
Posts: 2240
(@Scubadoo)
Trusted Member
Joined: 5 years ago

The rolling blackouts they warned about?

Reply
Settlers Handbook

Thinking about moving to the Virgin Islands?

The Settler's Handbook is a Indispensable Guide

The current 18th Edition, will help you explore your dream of island living. A solid reference book, it was first published in 1975. That's 40 years of helping people move to the Virgin Islands.

Order Today $17.95
Close Menu
  
Working

Please Login or Register