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Construction Payment Fraud 2026: How a Texas Contractor Lost $870,000 in Minutes and What Every Builder Must Do to Prevent It episode artwork

EPISODE · Mar 18, 2026 · 22 MIN

Construction Payment Fraud 2026: How a Texas Contractor Lost $870,000 in Minutes and What Every Builder Must Do to Prevent It

from The Deep Dive: Where Elite Builders Share the Secrets Behind Their Success

A Texas steel erector lost $870,000 in two electronic payments after a dual email and telephone fraud attack. Cyber insurance covered only $250,000. BEC losses hit $2.77 billion in 2024 with construction as the #1 target. This episode breaks down the attack and 6 prevention steps.

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Construction Payment Fraud 2026: How a Texas Contractor Lost $870,000 in Minutes and What Every Builder Must Do to Prevent It

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Frequently Asked Questions

How long is this episode of The Deep Dive: Where Elite Builders Share the Secrets Behind Their Success?

This episode is 22 minutes long.

When was this The Deep Dive: Where Elite Builders Share the Secrets Behind Their Success episode published?

This episode was published on March 18, 2026.

What is this episode about?

A Texas steel erector lost $870,000 in two electronic payments after a dual email and telephone fraud attack. Cyber insurance covered only $250,000. BEC losses hit $2.77 billion in 2024 with construction as the #1 target. This episode breaks down...

Is there a transcript available for this episode?

Yes, a full transcript is available for this episode. You can read the complete transcript on the episode page.

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