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 C-suite executives, their assistants and financial departments, and can work around email security and Office 365 defenses. Researchers added, most of the attacks they intercepted attempted to breach financial departments. Researchers said the attacks started last December and continued through February.
