In Summer 2023, the payment system for a small warehouse and office project that Beck Properties was developing for itself in South St. Paul, Minn., seemed to be running smoothly. See the emails that show what happened next.

Phishing fraud targeting construction firms is resulting in a growing number of financial losses.

Unlike a recent cyber theft in Minnesota, diverted funds for Moss Construction were quickly reported.

Subcontractors are out hundreds of thousands of dollars on a warehouse project, in only the latest instance of a rising trend of cyber crime in construction.

As millions of design and construction professionals work remotely, opportunities for cyber crime increase exponentially.