Cyber Thieves Phish Away a $735K Payment to a Minnesota Contractor

Money bills coming out of computer

'Spoofed' emails may have played a key role in theft.

May 6, 2024
Richard Korman - Engineering News-Record

The contractor's project manager asked for money due, $735,000 under Payment Application 13, to be sent by the owner electronically. "Hi Rick," the project manager, whose first name is Jalen, wrote in an email dated Aug. 15. "Can we have payments remitted electronically as we currently have numerous uncleared checks on hold?"

Reprinted courtesy of Richard Korman, Engineering News-Record

Mr. Korman may be contacted at kormanr@enr.com

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