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Cyber Security

BEC Fraudsters Divert $742,000 from Ocala City in Florida

The City of Ocala in Florida fell victim to a business email compromise scam (BEC) The scam involved a phishing email impersonating an employee of a construction company the city is using to build a new airport terminal. The city had paid the invoice the day after receiving it but the money went to the fraudster’s bank account. In August, the city of Naples, Florida, went through the same problem, cybercriminals getting around $700,000 into their account. On October 30, Nikkei reported a BEC scam that caused a loss of about $29 million.

Source: https://www.bleepingcomputer.com/news/security/bec-fraudsters-divert-742-000-from-ocala-city-in-florida/

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