Stopping Credential Theft and Financial Fraud at an Electrical Contracting Company

Industry:
About Client

This client is a commercial and residential electrical contracting company based in Florida, specializing in wiring, lighting, and energy system installations. Their operations depend on digital tools for scheduling, billing, and contractor coordination. With growing project volume and vendor communication online, maintaining data integrity and secure financial systems is critical to protecting both reputation and revenue.

Time To Remediation: 30 Days

Reviewed on
Rated 4.5 out of 5
31 Reviews
7

compromised accounts secured and protected with MFA.

2

Fraudulent transfers were reversed with zero loss.

95%

phishing reduction within 45 days.

100%

email authentication compliance achieved.

The Challenge

In October 2024, CybrogenIT was contacted by an electrical contracting company with 22 employees after noticing unauthorized activity in their QuickBooks account and missing invoices. The company relied on cloud-based tools for project management, scheduling, and billing, making digital access critical to its daily operations.

A cybersecurity scan revealed seven compromised accounts, three infected devices, and nine findings on the dark web related to company logins. Attackers had gained access through a phishing email that appeared to come from a general contractor requesting a quote. Once inside, they stole credentials, accessed the company’s accounting platform, and attempted to reroute payments from two active commercial projects.

Further analysis revealed five open ports, three unpatched vulnerabilities, and missing SPF and DKIM records, which enabled attackers to spoof company emails. Without immediate intervention, the business faced financial loss, reputational damage, and potential contract disputes due to falsified invoices.

What We Did

CybrogenIT deployed a rapid containment and remediation plan to stop the fraud, secure systems, and strengthen the company’s cybersecurity posture.

  • Incident Response & Containment

    • Isolated compromised accounts and reimaged infected devices.

    • Terminated unauthorized QuickBooks sessions and reset administrator credentials.

    • Blocked suspicious IP addresses and malicious domains associated with the phishing campaign.

  • Financial Recovery & Verification

    • Coordinated with the accounting platform and banks to reverse attempted fraudulent transfers.

    • Verified the integrity of all financial data and restored missing invoices from secure backups.

    • Implemented transaction monitoring alerts to detect future anomalies.

  • Network & Email Security

    • Closed open ports and patched all unaddressed vulnerabilities.

    • Configured SPF, DKIM, and DMARC to prevent email spoofing.

    • Deployed AI-based phishing filters and sandboxing for all inbound attachments.

  • Identity & Credential Protection

    • Enforced multi-factor authentication (MFA) across all business systems.

    • Integrated dark web monitoring for ongoing credential exposure alerts.

    • Established password management and access control policies for field and office staff.

  • Training & Ongoing Monitoring

    • Conducted employee training focused on phishing recognition and secure data handling.

    • Deployed 24/7 SOC and SIEM monitoring for continuous threat detection.

    • Developed a company-specific incident response plan aligned with industry best practices.

The Results

Key Takeaway

Electricians and contractors handle high-value transactions and project data on a daily basis, making them prime targets for phishing and payment diversion scams. In this case, a single fake email nearly cost the business thousands of dollars. CybrogenIT’s quick action not only stopped the fraud but implemented a layered defense strategy that protects every system, from project management to payroll, against future cyber threats.

Technology Used

CybrogenIT implemented a comprehensive protection and monitoring framework including:

  • Endpoint Protection & EDR: SentinelOne, Microsoft Defender for Business

  • SOC & SIEM: Azure Sentinel with 24/7 CybrogenIT monitoring

  • Email Security: Proofpoint Essentials, Microsoft Defender for 365

  • Identity Management: Azure AD with MFA and conditional access

  • Backup & Recovery: Encrypted, immutable backups with ransomware rollback

  • Network Security: Firewall hardening, DNS filtering, and intrusion prevention

  • Threat Intelligence: Dark web monitoring and fraud detection integrations

Ready to reduce your cyber & IT cost?

case studies

See More Case Studies