According to the Denver Post, the town of Erie, Colorado, sent $1.01 million to malicious actors as a result of a BEC scam. The attack began back in mid-October when an unknown individual completed an electronic form on the town’s website. They used the form to request that SEMA Construction, Inc., a local construction company, begin receiving electronic payments instead of checks for its work on the Erie Parkway Bridge going forward.
A staff member subsequently accepted the form and updated the payment information without following the necessary guidelines for doing so. As a result, the town sent two electronic payments totaling $1.01 million to an account not authorized by SEMA. The perpetrators then used wire transfers to move that money outside of the country.
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