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Purchase order scams now targeting construction suppliers

Earlier this year, Salted Hash reported on a wave of purchase order scams targeting university suppliers. Recently, scammers have expanded their scheme by targeting industrial construction contractors and their suppliers. Most of the POs use Net-30 as the payment terms, meaning there’s a 30-day window to pay for the product, leaving plenty of time for the scammers to get away with their crime. The only thing that prevented such an expensive loss was an attention to detail. One of the fake POs went to Data Weighing Systems Inc., a vendor that specializes in weighing and force measuring equipment.”]

Source: https://www.csoonline.com/article/2155920/purchase-order-scams-now-targeting-construction-suppliers.html

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