Attackers in Executive Clothing - BEC continues to separate orgs from their money

By Nick Biasini. In today's world of threat research, the focus tends to be on the overtly malicious practice of distributing and installing malware on end systems. But this is far from the complete picture of what threats organizations face. One of the most, if not the most, costly is something...

BEC Losses Top $1.8B as Tactics Evolve

Business email compromise BEC attacks ramped up significantly in 2020, with more than $1.8 billion stolen from organizations with these types of attacks last year alone — and things are getting worse. BEC attacks are carried out by cybercriminals either impersonating someone inside an organizatio...

Microsoft Disrupts Large, Cloud-Based BEC Campaign

Threat hunters at Microsoft recently uncovered and disrupted infrastructure that powered a large-scale business email compromise BEC campaign. The infrastructure was hosted on multiple cloud platforms, which allowed it to stay under the radar for quite some time. “The attackers performed discrete...

Microsoft Teams: Very Bad Tabs Could Have Led to BEC

Attackers could have stepped through a yawning security hole in Microsoft Teams chat service that would have let them masquerade as a targeted company’s employee by reading and sending email on their behalf. On Monday, Tenable’s Evan Grant explained in a post that he found the bug in Microsoft...

Microsoft Teams: Very Bad Tabs Could Have Led to BEC

Attackers could have stepped through a yawning security hole in the Microsoft Teams chat service that would have let them masquerade as a targeted company’s employee, by reading and sending email on their behalf. On Monday, Tenable’s Evan Grant explained in a post that he found the bug in Microso...

Behind the scenes of business email compromise: Using cross-domain threat data to disrupt a large BEC campaign

Microsoft 365 Defender researchers recently uncovered and disrupted a large-scale business email compromise BEC infrastructure hosted in multiple web services. Attackers used this cloud-based infrastructure to compromise mailboxes via phishing and add forwarding rules, enabling these attackers to...

Business email compromise campaign targets wide range of orgs with gift card scam

Cybercriminals continue to target businesses to trick recipients into approving payments, transferring funds, or, in this case, purchasing gift cards. This kind of email attack is called business email compromise BEC—a damaging form of phishing designed to gain access to critical business...

Business email compromise campaign targets wide range of orgs with gift card scam

Cybercriminals continue to target businesses to trick recipients into approving payments, transferring funds, or, in this case, purchasing gift cards. This kind of email attack is called business email compromise BEC—a damaging form of phishing designed to gain access to critical business...

Business email compromise: How Microsoft is combating this costly threat

Amongst all cybercrime, phishing attacks continue to be the most prevalent today. With over 90 percent of attacks coming via email, it’s important that every organization has a plan to prevent these threats from reaching users. At Microsoft, we’re passionate about providing our customers with...

Business email compromise: How Microsoft is combating this costly threat

Amongst all cybercrime, phishing attacks continue to be the most prevalent today. With over 90 percent of attacks coming via email, it’s important that every organization has a plan to prevent these threats from reaching users. At Microsoft, we’re passionate about providing our customers with...

How to Test and Improve Your Domain's Email Security?

No matter which type of business you are in, whether small, medium, or large, email has become an irrefutable tool for communicating with your employees, partners, and customers. Emails are sent and received each day in bulk by companies from various sources. In addition, organizations may also...

Protect your business from email phishing with multi-factor authentication

Cybersecurity has been in the news far more often in the past 12 months than in previous years, as cybercriminals escalated their activity during the COVID-19 pandemic quarantine. The seismic shift of hundreds of millions of people connecting and working from home every day presented cybercrimina...

Protect your business from email phishing with multi-factor authentication

Cybersecurity has been in the news far more often in the past 12 months than in previous years, as cybercriminals escalated their activity during the COVID-19 pandemic quarantine. The seismic shift of hundreds of millions of people connecting and working from home every day presented cybercrimina...

Doxing in the corporate sector

Introduction Doxing refers to the collection of confidential information about a person without their consent for the purpose of inflicting harm on that person or to otherwise gain some benefit from gathering or disclosing such information. Normally, doxing involves a threat to specific people,...

Report reveals the staggering scale of Business Email Compromise losses

Internet crime is ever present, and with the ongoing pandemic, levels of scams and fraud were exceptionally high in 2020. Opportunistic fraudsters didnt give a second thought to riding the COVID-19 wave and preying upon those who are truly in need of help, or those who truly want to help. The...

Office 365 Phishing Attack Targets Financial Execs

A new phishing scam is on the rise, targeting executives in the insurance and financial services industries to harvest their Microsoft 365 credentials and launch business email compromise BEC attacks, according to a new report from Area 1 Security. These new, sophisticated attacks are aimed at...

A week in security (March 1 – 7)

Last week on Malwarebytes Labs, our podcast featured Eva Galperin who talked to us about defending online anonymity and speech. We wrote about how Ryuk ransomware has developed a worm-like capability, how Exchange servers are attacked by Hafnium zero-days, 21 million free VPN users’ data was...

How to Fight Business Email Compromise (BEC) with Email Authentication?

An ever-evolving and rampant form of cybercrime that targets emails as the potential medium to conduct fraud is known as Business Email Compromise. Targeting commercial, government as well as non-profit organizations, BEC can lead to huge amounts of data loss, security breach, and compromised...

How Email Attacks are Evolving in 2021

Hundreds of thousands of dollars lost. Financial and emotional ruin. And in some cases, suicide. These are some of the outcomes business email compromise BEC attacks have on victims, said Ronnie Tokazowski, senior threat researcher with Agari. These type of attacks don’t garner the same attention...

Unified SaaS Application Security, Detection, and Response

Organizations are rapidly embracing Software as a Service SaaS applications for scalability, ease & flexibility of use, and the benefits of not using their own infrastructure. To maintain their focus on business objectives during the new ‘remote workforce normalcy’, organizations have fast-tracke...