WAPA, part 3298...  

 

East Ender
(@east-ender)
Expert
Joined: 15 years ago
Posts: 5337
June 8, 2019 4:59 pm  

https://viconsortium.com/breaking-news/wapa-responds-to-outcry-says-it-fell-victim-to-phishing-email-resulting-in-theft-of-more-than-2-million/#comment-134047

$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


Quote
Scubadoo
(@Scubadoo)
Trusted Member
Joined: 5 years ago
Posts: 2258
June 8, 2019 9:40 pm  

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?


Jumbie liked
ReplyQuote
Jumbie
(@ohiojumbie-2)
Trusted Member
Joined: 10 years ago
Posts: 714
June 9, 2019 8:40 am  

Foxes are guarding the Hen House. 

Keith Crilow


ReplyQuote
vicanuck
(@vicanuck)
Trusted Member
Joined: 10 years ago
Posts: 2420
June 10, 2019 8:00 am  
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. 


ReplyQuote
stxsailor
(@stxsailor)
Trusted Member
Joined: 4 years ago
Posts: 606
June 10, 2019 2:06 pm  

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. 


Jumbie liked
ReplyQuote
stjohnjulie
(@stjohnjulie)
Trusted Member
Joined: 12 years ago
Posts: 848
June 11, 2019 4:43 am  

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


ReplyQuote
vicanuck
(@vicanuck)
Trusted Member
Joined: 10 years ago
Posts: 2420
June 11, 2019 8:05 am  
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.


ReplyQuote
stjohnjulie
(@stjohnjulie)
Trusted Member
Joined: 12 years ago
Posts: 848
June 11, 2019 10:40 am  

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


ReplyQuote
East Ender
(@east-ender)
Expert
Joined: 15 years ago
Posts: 5337
June 14, 2019 11:12 am  

https://viconsortium.com/news-2/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?


ReplyQuote
Scubadoo
(@Scubadoo)
Trusted Member
Joined: 5 years ago
Posts: 2258
June 15, 2019 7:52 pm  
Posted by: East Ender

https://viconsortium.com/news-2/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


ReplyQuote
Gator's Mom
(@gators_mom)
Trusted Member
Joined: 7 years ago
Posts: 1035
June 17, 2019 8:05 am  

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.


ReplyQuote
vicanuck
(@vicanuck)
Trusted Member
Joined: 10 years ago
Posts: 2420
June 17, 2019 8:29 am  
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. 


ReplyQuote
Gator's Mom
(@gators_mom)
Trusted Member
Joined: 7 years ago
Posts: 1035
June 17, 2019 9:32 am  

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

 

 


ReplyQuote
vicanuck
(@vicanuck)
Trusted Member
Joined: 10 years ago
Posts: 2420
June 18, 2019 8:25 am  
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.


ReplyQuote
Gator's Mom
(@gators_mom)
Trusted Member
Joined: 7 years ago
Posts: 1035
June 18, 2019 10:08 am  
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.


ReplyQuote
singlefin
(@singlefin)
Trusted Member
Joined: 6 years ago
Posts: 920
June 18, 2019 4:52 pm  

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...


ReplyQuote
Fishbait
(@Fishbait)
Advanced Member
Joined: 3 years ago
Posts: 226
June 26, 2019 11:47 am  
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! 


ReplyQuote
East Ender
(@east-ender)
Expert
Joined: 15 years ago
Posts: 5337
June 27, 2019 5:41 pm  

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


ReplyQuote
Scubadoo
(@Scubadoo)
Trusted Member
Joined: 5 years ago
Posts: 2258
June 27, 2019 9:14 pm  

The rolling blackouts they warned about?


ReplyQuote
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

Please Login or Register