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Phishing uses deceptive messages to steal credentials or deliver malware, while user verification, MFA, and email filtering reduce the risk.

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Phishing is deceptive communication—by email, text, phone, or a fake website—that impersonates a trusted person or service to make someone disclose credentials, approve a transaction, reveal sensitive information, or run harmful software. Attackers use it to bypass technical controls by persuading a legitimate user to perform an action, and may target employees, customers, administrators, or suppliers.

Its impact can include account takeover, unauthorized payments, exposure of personal or business data, and access to internal systems. The most effective control for stolen-password phishing is phishing-resistant multi-factor authentication, such as hardware-backed passkeys or security keys, which binds authentication to the legitimate site. Organizations should also filter and authenticate messaging where possible, use password managers, restrict risky actions, train users to verify unusual requests through a separate channel, and provide rapid reporting so suspected credentials or sessions can be revoked.

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Bank Info Security 2 years, 5 months ago

OpenAI and Microsoft Terminate State-Backed Hacker Accounts

Hackers Used LLMs to Perform Tasks That Non-AI Tools Can PerformNation-state hackers including Russian military intelligence and hackers backed by China have used OpenAI large language models for research and to craft phishing emails, the artificial intelligence company disclosed Tuesday in conjunction with major financial backer Microsoft.

Bank Info Security 2 years, 5 months ago

Cryptohack Roundup: Cash Is Still King for Criminals

Also: Changpeng Zhao's Sentencing; UN Probe of North Korean HacksThis week, the U.S. Treasury reported on crypto in crime, Changpeng Zhao's sentencing was rescheduled, PlayDapp was hacked, the UN probed North Korean hacking, suspicious crypto transactions increased in South Korea, the U.K. blocked fraud sites and Hong Kong warned about crypto phishing sites.

Bank Info Security 2 years, 5 months ago

Account Takeover Campaign Hits Execs in Microsoft Azure

Attackers Downloaded Files Containing Financial, Security and User InformationA still-active phishing campaign using individualized phishing lures is targeting senior corporate accounts in Microsoft Azure environments, said researchers from Proofpoint. They said the hackers have compromised hundreds of user accounts spread across dozens of Microsoft Azure environments.