Case Study: a large construction company thwarts digital fraud with Eftsure

Large Construction Company - Customer Case Study

A large construction company was targeted by a sophisticated business email compromise (BEC) attack. In this attack, a chartered accountant at the company received a fraudulent but convincing email from a compromised supplier account requesting a change to its banking details. The company's existing financial controls, designed for a less digital era, were not equipped to prevent this modern cyber-fraud threat, creating a significant risk for a substantial financial loss.

The company had previously implemented Eftsure's payment protection solution. When the fraudulent request was submitted through Eftsure's change request process, the vendor’s verification specialists identified it as a scam and blocked it. This action saved the company tens of thousands of dollars. With Eftsure, the company strengthened its financial controls against digital fraud, digitized formerly manual verification workflows, and created a streamlined, secure process for supplier change requests.