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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 9 months, 4 weeks ago

Breach Roundup: Microsoft, Cloudflare Dismantle RaccoonO365

Also, Colt Services Outage Persists, Finland Charges Americans in Vastaamo HackThis week, Microsoft hit RaccoonO365, Colt Technology Services, Finland charged a U.S. citizen in Vastaamo hack. RevengeHotels hackers used AI, Meta can't overturn a privacy case verdict. Chinese hackers unleashed spear phishing emails. Prosper confirmed a data breach, as did Kering fashion houses.

Bank Info Security 9 months, 4 weeks ago

FileFix Campaign Uses Facebook Suspension as Bait

Users Download Malware in Bid to Placate MetaA newly surfaced FileFix social engineering campaign puts a new spin on ClickFix attacks by goading users into loading malware under the guise of reporting a wrongful account suspension to social media giant Facebook. Victims likely get sucked into the scam by following a link from a phishing email.

Microsoft's Digital Crimes Unit said it teamed up with Cloudflare to coordinate the seizure of 338 domains used by RaccoonO365, a financially motivated threat group that was behind a phishing-as-a-service (Phaas) toolkit used to steal more than 5,000 Microsoft 365 credentials from 94 countries since July 2024

Redmond names alleged ringleader, claims 5K+ creds stolen and $100k pocketed Microsoft has seized 338 websites associated with RaccoonO365 and identified the leader of the phishing service - Joshua Ogundipe - as part of a larger effort to disrupt what Redmond's Digital Crimes Unit calls the "fastest-growing tool used by cybercriminals to steal Microsoft 365 usernames and passwords."…