Microsoft is warning of a large-scale BEC campaign that targeted hundreds of organizations leveraging typo-squatted domains registered days before the attacks.
Business email compromise (BEC) attacks represent a serious threat for organizations worldwide, according to the annual report released by FBI’s Internet Crime Complaint Center, the 2020 Internet Crime Report, in 2020, the IC3 received 19,369 Business Email Compromise (BEC)/Email Account Compromise (EAC) complaints. The reports states that BEC/EAC crimes caused $1.8 billion in losses.
Now Microsoft is warning of a large-scale BEC campaign that targeted more than 120 organizations with gift card scam.
The attackers targeted organizations in multiple industries, including the consumer goods, process manufacturing and agriculture, real estate, discrete manufacturing, and professional services sectors. The threat actors leverage typo-squatted domains to trick the recipients into believing that the emails were originating from valid senders.
Microsoft warns of a large-scale BEC campaign to make gift card scam
