Australian police warn of business email compromise scams targeting the construction sector

The Australian Federal Police (AFP) has warned of an alarming rise in business email compromise (BEC) scams targeting Australian businesses in the construction sector.

“The construction sector, with its high-value transactions and complex subcontracting chains, has become an attractive target for organised cyber crime groups operating both domestically and offshore,” AFP Assistant Commissioner Cyber Command Richard Chin said in a 28 October joint statement with the NSWPF, SAPOL, TASPOL, and QPS.

“Unfortunately, victims often don’t realise they’ve been defrauded until it’s too late and the funds have already been moved through multiple international accounts.”

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