A Texas steel erector lost $870,000 in two electronic payments after a dual email and telephone fraud attack. Cyber insurance covered only $250,000. BEC losses hit $2.77 billion in 2024 with construction as the #1 target. This episode breaks down the attack and 6 prevention steps.
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A Texas steel erector lost $870,000 in two electronic payments after a dual email and telephone fraud attack. Cyber insurance covered only $250,000. BEC losses hit $2.77 billion in 2024 with construction as the #1 target. This episode breaks down the attack and 6 prevention steps.
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