FBI Warns Contractors Against Cyber Threat
Summary
The FBI has observed cyber actors exploiting pre-existing business relationships between construction companies and clients to conduct Business Email Compromises (BECs). The targeted entities include construction companies who have contracts with a variety of public and private sector customers. According to the US Census Bureau in 2017, there are roughly 700,000 construction companies in the United States with construction projects totaling an annual revenue of roughly $1.9 trillion, which makes construction companies a lucrative target for cyber actors.