St. Catharines Hydro continues cyber fraud investigation

St. Catharines Hydro logoAn investigation into the apparent phishing fraud of St. Catharines Hydro is continuing.

At a board meeting on Jan. 6 the board received a presentation from KPMG on the preliminary findings
of the investigation of a cyber fraud incident which defrauded the corporation of more than $655,000 in
Dec. 2016. Based on the information provided, the board agreed to proceed with a second phase forensic
audit by KPMG. This investigation is in addition to the on-going investigation of the Niagara Regional
Police.

Mark Steinman, a member of the board, will continue to oversee the investigation until the completion
of the criminal and internal investigations. Measures have been put in place to prevent any further
incidents.

St. Catharines Hydro is a holding company for the subsidiary St. Catharines Hydro Generation, which
operates the Heywood Generating Station. It is wholly owned by the City of St. Catharines, and is a
shareholder in Horizon Utilities Corporation.

Source – St. Catharines Hydro press release