WMBF News reported:
Thursday, Surfside Beach is out nearly $545,000 after a scam targeted a city construction payment, redirecting funds to a fraudulent account.
The city had hired Wildcat Construction for an underground utility project. In March, a payment intended for the company was sent to a fraudulent account instead.
The city had hired Wildcat Construction for an underground utility project. In March, a payment intended for the company was sent to a fraudulent account instead.
Find the original article here.
Takeaway: Have a separate process for remittance changes that includes controls, validations, authentication and best practices. Review the email to see if there are any red flags. Use an AI Tool to help. Check out the training session to see how to use Microsoft Copilot to spot red flags in an email or your inbox.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
Takeaway: Have a separate process for remittance changes that includes controls, validations, authentication and best practices. Review the email to see if there are any red flags. Use an AI Tool to help. Check out the training session to see how to use Microsoft Copilot to spot red flags in an email or your inbox.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat