The City of Ocala in Florida fell victim to a business email compromise scam (BEC) that ended with redirecting over $742,000 to a bank account controlled by the fraudster(s).

The swindle involved a phishing email impersonating an employee of a construction company the city is using to build a new terminal at the Ocala International Airport.

It started in September when a city senior accounting specialist received an email from a counterpart at Ausley Construction further payments be sent to a different bank account than the regular one.