business email compromise | Breaking Cybersecurity News | The Hacker News

Most email defenses still do the job they did a decade ago. Scan the message, look for something malicious, block it. That worked when the danger sat in the payload, a bad link or an attachment. It stopped working when the danger moved into the message's intent, and it is failing now that the sender is no longer a person. From Bad Content to Bad Intent to AI on Both Sides Phishing 1.0 was bad content. Malicious links, infected attachments, spam. Secure email gateways were built for this. Scan the message, match the signature, drop the bad stuff. That era is largely handled. Phishing 2.0 is bad intent. Business email compromise, executive impersonation, fake invoices, wire fraud. There is no malicious payload to scan, only social engineering that reads as a normal request from a person you trust. Gateways are blind to it because there is nothing in the content to flag. Behavioral analysis is the only thing that catches it, which is why some of us have spent the better part ...

Cybersecurity researchers have called attention to an active "widespread email-driven phishing campaign" that employs adversary-in-the-middle (AitM) techniques to take control of Microsoft 365 accounts with an aim to identify key personnel involved in financial workflows and gather related email. "The campaign uses residential proxies to disguise malicious sign-ins as ordinary consumer traffic," Arctic Wolf Labs said . "Automated activity maintains compromised sessions at approximately eight-hour intervals." The activity is assessed to impact organizations across healthcare, education, manufacturing, government, and professional services sectors located in the U.S., Canada, and Europe. It shares tactical overlaps with Payroll Pirate attacks tracked by Microsoft under the moniker Storm-2755 . Payroll Pirates is the designation assigned to a broader financially motivated threat cluster that involves hijacking the accounts of employees to reroute sal...

A Microsoft 365 device code phishing campaign has been observed leveraging collaboration-themed lures to take control of victim accounts between the last week of June 2026 and into early July, per findings from ZeroBEC. "The campaign did not depend on a fake Microsoft password page. It used a malicious collaboration-style lure to push users into the legitimate Microsoft device login experience, while a backend broker generated and polled Microsoft Authentication Broker device-code tokens," the email security company said in a report shared with The Hacker News. The activity is assessed to share "strong" overlaps with a campaign documented by Microsoft in February 2025 under the moniker Storm-2372 , including the use of messaging or Teams-style lures to trick unsuspecting victims into entering an attacker-provided device code, along with their credentials, effectively allowing the threat actor to recover the token and hijack their account. Despite these simi...

The U.S. Federal Bureau of Investigation (FBI), in partnership with the Indonesian National Police, has dismantled the infrastructure associated with a global phishing operation that leveraged an off-the-shelf toolkit called W3LL to steal thousands of victims' account credentials and attempt more than $20 million in fraud. In tandem, authorities detained the alleged developer, who has been identified as G.L, and seized key domains linked to the phishing scheme. "The takedown cuts off a major resource used by cybercriminals to gain unauthorized access to victims' accounts," the FBI said in a statement.  The W3LL phishing kit allowed criminals to mimic legitimate login pages to deceive victims into handing over their credentials, thus allowing the attackers to seize control of their accounts. The phishing kit was advertised for a fee of about $500. The phishing kit enabled its customers to deploy bogus websit...

Microsoft has warned of a multi‑stage adversary‑in‑the‑middle ( AitM ) phishing and business email compromise (BEC) campaign targeting multiple organizations in the energy sector. "The campaign abused SharePoint file‑sharing services to deliver phishing payloads and relied on inbox rule creation to maintain persistence and evade user awareness," the Microsoft Defender Security Research Team said . "The attack transitioned into a series of AitM attacks and follow-on BEC activity spanning multiple organizations." As part of post-exploitation activity following initial compromise, the unknown attackers have been found to leverage trusted internal identities from the victim to carry out large‑scale intra‑organizational and external phishing in an effort to cast a wide net and widen the scope of the campaign. The starting point of the attack is a phishing email likely sent from an email address belonging to a trusted organization, which was compromised beforehand. A...

Security teams at agile, fast-growing companies often have the same mandate: secure the business without slowing it down. Most teams inherit a tech stack optimized for breakneck growth, not resilience. In these environments, the security team is the helpdesk, the compliance expert, and the incident response team all rolled into one. Securing the cloud office in this scenario is all about finding leverage: identifying the strategic control points that drive the most resilience without adding operational overhead. Google Workspace provides an excellent security foundation, but its native tooling has inherent limitations, and relying on the default configurations can cause headaches. To build a truly resilient program, there are some common-sense first steps teams can take to secure Workspace natively, before intelligently augmenting the platform where its capabilities fall short. Secure email, the primary attack vector and largest archive Email remains the most reliable target for ...

Microsoft on Wednesday announced that it has taken a " coordinated legal action " in the U.S. and the U.K. to disrupt a cybercrime subscription service called RedVDS that has allegedly fueled millions in fraud losses. The effort, per the tech giant, is part of a broader law enforcement effort in collaboration with law enforcement authorities that has allowed it to confiscate the malicious infrastructure and take the illegal service (redvds[.]com, redvds[.]pro, and vdspanel[.]space) offline. "For as little as US $24 a month, RedVDS provides criminals with access to disposable virtual computers that make fraud cheap, scalable, and difficult to trace," said Steven Masada, assistant general counsel of Microsoft's Digital Crimes Unit. "Since March 2025, RedVDS‑enabled activity has driven roughly US $40 million in reported fraud losses in the United States alone." Crimeware-as-a-service (CaaS) offerings have increasingly become a lucrative business mod...

Threat actors engaging in phishing attacks are exploiting routing scenarios and misconfigured spoof protections to impersonate organizations' domains and distribute emails that appear as if they have been sent internally. "Threat actors have leveraged this vector to deliver a wide variety of phishing messages related to various phishing-as-a-service (PhaaS) platforms such as Tycoon 2FA ," the Microsoft Threat Intelligence team said in a Tuesday report. "These include messages with lures themed around voicemails, shared documents, communications from human resources (HR) departments, password resets or expirations, and others, leading to credential phishing." While the attack vector is not necessarily new , the tech giant said it has witnessed a surge in the use of the tactic since May 2025 as part of opportunistic campaigns targeting a wide variety of organizations across multiple industries and verticals. This includes a campaign that has employed spoofed e...

Authorities in Nigeria have announced the arrest of three "high-profile internet fraud suspects" who are alleged to have been involved in phishing attacks targeting major corporations, including the main developer behind the RaccoonO365 phishing-as-a-service (PhaaS) scheme. The Nigeria Police Force National Cybercrime Centre (NPF–NCCC) said investigations conducted in collaboration with Microsoft and the Federal Bureau of Investigation (FBI) led to the identification of Okitipi Samuel, also known as Moses Felix, as the principal suspect and developer of the phishing infrastructure. "Investigations reveal that he operated a Telegram channel through which phishing links were sold in exchange for cryptocurrency and hosted fraudulent login portals on Cloudflare using stolen or fraudulently obtained email credentials," the NPF said in a post shared on social media. In addition, laptops, mobile devices, and other digital equipment linked to the operation have been se...

INTERPOL on Friday announced that authorities from 18 countries across Africa have arrested 1,209 cybercriminals who targeted 88,000 victims. "The crackdown recovered $97.4 million and dismantled 11,432 malicious infrastructures, underscoring the global reach of cybercrime and the urgent need for cross-border cooperation," the agency said . The effort is the second phase of an ongoing law enforcement initiative called Operation Serengeti , which took place between June and August 2025 to tackle severe crimes like ransomware, online scams. and business email compromise (BEC). The first wave of arrests occurred late last year. Among the highlights are the dismantling of 25 cryptocurrency mining centres in Angola, where 60 Chinese nationals were involved in the illicit money-making scheme. "The crackdown identified 45 illicit power stations which were confiscated, along with mining and IT equipment worth more than $37 million, now earmarked by the government to support...

Picture this: you’ve hardened every laptop in your fleet with real‑time telemetry, rapid isolation, and automated rollback. But the corporate mailbox—the front door for most attackers—is still guarded by what is effectively a 1990s-era filter. This isn't a balanced approach. Email remains a primary vector for breaches, yet we often treat it as a static stream of messages instead of a dynamic, post-delivery environment. This environment is rich with OAuth tokens, shared drive links, and years of sensitive data. The conversation needs to shift. We should stop asking, "Did the gateway block the bad thing?" and start asking, "How quickly can we see, contain, and undo the damage when an attacker inevitably gets in?" Looking at email security through this lens forces a fundamental shift toward the same assume-breach, detect-and-respond mindset that already revolutionized endpoint protection. The day the wall crumbled Most security professionals know the statisti...

U.S. and Dutch law enforcement agencies have announced that they have dismantled 39 domains and their associated servers as part of efforts to disrupt a network of online marketplaces originating from Pakistan. The action, which took place on January 29, 2025, has been codenamed Operation Heart Blocker. The vast array of sites in question peddled phishing toolkits and fraud-enabling tools and was operated by a group known as Saim Raza since at least 2020, which is also known as HeartSender. These offerings were then used by transnational organized crime groups to target several victims in the United States as part of various business email compromise ( BEC ) schemes, leading to losses totaling over $3 million. "The Saim Raza-run websites operated as marketplaces that advertised and facilitated the sale of tools such as phishing kits, scam pages, and email extractors, often used to build and maintain fraud operations," the U.S. Department of Justice (DoJ) said . "N...

Microsoft is warning of cyber attack campaigns that abuse legitimate file hosting services such as SharePoint, OneDrive, and Dropbox that are widely used in enterprise environments as a defense evasion tactic. The end goal of the campaigns are broad and varied, allowing threat actors to compromise identities and devices and conduct business email compromise ( BEC ) attacks, which ultimately result in financial fraud, data exfiltration, and lateral movement to other endpoints. The weaponization of legitimate internet services (LIS) is an increasingly popular risk vector adopted by adversaries to blend in with legitimate network traffic in a manner such that it often bypasses traditional security defenses and complicates attribution efforts. The approach is also called living-off-trusted-sites (LOTS), as it leverages the trust and familiarity of these services to sidestep email security guardrails and deliver malware. Microsoft said it has been observing a new trend in phishing c...

INTERPOL said it devised a "global stop-payment mechanism" that helped facilitate the largest-ever recovery of funds defrauded in a business email compromise ( BEC ) scam.  The development comes after an unnamed commodity firm based in Singapore fell victim to a BEC scam in mid-July 2024. It refers to a type of cybercrime where a malicious actor poses as a trusted figure and uses email to trick targets into sending money or divulging confidential company information. Such attacks can take place in myriad ways, including gaining unauthorized access to a finance employee or a law firm's email account to send fake invoices or impersonating a third-party vendor to email a phony bill. "On 15 July, the firm had received an email from a supplier requesting that a pending payment be sent to a new bank account based in Timor-Leste," INTERPOL said in a press statement. "The email, however, came from a fraudulent account spelled slightly different to the supplier...

With generative artificial intelligence (AI) becoming all the rage these days, it's perhaps not surprising that the technology has been repurposed by malicious actors to their own advantage, enabling avenues for accelerated cybercrime. According to findings from SlashNext, a new generative AI cybercrime tool called  WormGPT  has been advertised on underground forums as a way for adversaries to launch sophisticated phishing and business email compromise ( BEC ) attacks. "This tool presents itself as a blackhat alternative to GPT models, designed specifically for malicious activities," security researcher Daniel Kelley  said . "Cybercriminals can use such technology to automate the creation of highly convincing fake emails, personalized to the recipient, thus increasing the chances of success for the attack." The author of the software has described it as the "biggest enemy of the well-known ChatGPT" that "lets you do all sorts of illegal stuff....

"Dozens" of organizations across the world have been targeted as part of a broad business email compromise ( BEC ) campaign that involved the use of adversary-in-the-middle ( AitM ) techniques to carry out the attacks. "Following a successful phishing attempt, the threat actor gained initial access to one of the victim employee's account and executed an 'adversary-in-the-middle' attack to bypass Office 365 authentication and gain persistence access to that account," Sygnia researchers  said  in a report shared with The Hacker News. "Once gaining persistence, the threat actor exfiltrated data from the compromised account and used his access to spread the phishing attacks against other victim's employees along with several external targeted organizations." The findings come less than a week after Microsoft  detailed  a similar combination of an AitM phishing and a BEC attack aimed at banking and financial services organizations. Sygnia t...

Banking and financial services organizations are the targets of a new multi-stage adversary-in-the-middle ( AitM ) phishing and business email compromise (BEC) attack, Microsoft has revealed. "The attack originated from a compromised trusted vendor and transitioned into a series of AiTM attacks and follow-on BEC activity spanning multiple organizations," the tech giant  disclosed  in a Thursday report. Microsoft, which is tracking the cluster under its emerging moniker  Storm-1167 , called out the group's use of indirect proxy to pull off the attack. This enabled the attackers to flexibly tailor the phishing pages to their targets and carry out session cookie theft, underscoring the continued sophistication of AitM attacks. The modus operandi is unlike other AitM campaigns where the decoy pages act as a  reverse proxy  to harvest credentials and time-based one-time passwords (TOTPs) entered by the victims. "The attacker presented targets with a website th...

A 46-year-old man in the U.S. has been sentenced to 25 years in prison after being found guilty of laundering over $9.5 million accrued by carrying out cyber-enabled financial fraud. Elvis Eghosa Ogiekpolor of Norcross, Georgia, operated a money laundering network that opened at least 50 business bank accounts for illicitly receiving funds from unsuspecting individuals and businesses after falling victim to romance frauds and business email compromise ( BEC ) scams. Ogiekpolor was charged by a federal grand jury in February 2022 with one count of conspiracy to commit money laundering and 15 counts of substantive money laundering. The scheme was operational from October 2018 to August 2020. According to the U.S. Justice Department (DoJ), Ogiekpolor enlisted the help of eight "money mules" to open the phony bank accounts under the names of non-existent companies, which were subsequently used to stash the proceeds from their criminal activities. These included creating fic...

Microsoft on Tuesday disclosed that a large-scale phishing campaign targeted over 10,000 organizations since September 2021 by hijacking Office 365's authentication process even on accounts secured with multi-factor authentication (MFA). "The attackers then used the stolen credentials and session cookies to access affected users' mailboxes and perform follow-on business email compromise (BEC) campaigns against other targets," the company's cybersecurity teams  reported . The intrusions entailed setting up adversary-in-the-middle (AitM) phishing sites, wherein the attacker deploys a proxy server between a potential victim and the targeted website so that recipients of a phishing email are redirected to lookalike landing pages designed to capture credentials and MFA information. "The phishing page has two different Transport Layer Security (TLS) sessions — one with the target and another with the actual website the target wants to access," the company ...