Cyber Incident Victim: International Grand Investment Corporation
Date:
May 2015
Location:
United States of America
Summary
A hacker stole $250,000 from International Grand Investment Corporation, the parent company of Cascade Pacific Pulp, with funds wired to an entity in China suspected to be potentially fictitious. Authorities were notified of the fraudulent transaction, and the case is expected to be transferred to a specialized agency for further investigation due to its complex nature.
| CIA Posture | Motives | Tactics, Techniques & Procedures |
|---|---|---|
| Available to members | 1 motive | 1 technique |
| Threat Actors | Type | Location |
|---|---|---|
| 0 actors | Available to members | Available to members |
Description
On May 11, 2015, the Linn County Sheriff’s Office received a fraud report involving International Grand Investment Corporation (IGIC), the parent company of Cascade Pacific Pulp based in Halsey. According to police logs, an unidentified hacker stole $250,000 from IGIC through unauthorized financial transactions. The incident report was filed on the morning of Monday, May 11, though the exact timing of the theft itself was not specified in available records. Initial law enforcement statements confirmed the stolen funds were electronically transferred to an account linked to an entity purportedly operating in China. Investigators openly acknowledged uncertainties regarding the legitimacy of the recipient business, noting they could not verify its existence or operational status at the time of the report.
The Linn County Sheriff’s Office supervisor indicated the case would likely be escalated to a specialized agency with expertise in cyber-enabled financial crimes, though no specific agency was named. No further technical details about the attack vector, compromised systems, or detection methods were disclosed in public reports. The financial impact was confined to the confirmed loss of $250,000, with no mention of additional compromised accounts, disrupted operations, or secondary breaches. A correction was issued clarifying IGIC as the victim, rectifying an earlier misidentification in initial reporting. Law enforcement provided no updates on recovery efforts, suspect identification, or forensic findings at the time of publication.