The Industrialized Fraud Hiding in Plain Sight
To read more on this story and the significance of Business Email Compromise (BEC), visit The Wall Street Journal where Dave Burg was interviewed (subscription required). A few months ago, scammers hijacked a routine infrastructure project in Surfside Beach, South Carolina, costing the small town $545,000. The scheme stemmed from a single spoofed email sent from a lookalike domain, instructing the town to switch payment from check to ACH.