20 March 2021, Kathmandu
As we are on the verge of a Cyber War, lots of cyber attacks have been done throughout the globe every hour. The last lots of Phishing Attacks been in Nepal too. From phishing attack on the name of NTA on Facebook to fake Nepal Bangladesh FB page.
According to a recent report from Area 1 Security, a new phishing attack is on the rise, focusing only on executives in the insurance and monetary companies industries. In order to steal their Microsoft 365 credentials and launch Business e-mail compromise (BEC) assaults.
These modern attacks are against C-suite executives and their staff and financial departments. Also can bypass e-mail protection and Office 365 defenses. Many of the attacks have been attempting in order to hack the financial departments.
According to the researchers, the attacks began in December of last year and continued until February of this year.
Focusing on the financial departments of those companies. The attackers would almost certainly gain access to all the sensitive information of third parties through statements and billing, commonly known as a BEC (Business Email Compromise) assault.
This enables the attackers to send cast statements to suppliers from reliable e-mail addresses, resulting in funds being transferred to attacker-owned accounts. These specific phishing attacks targeted 40 of Area 1 Security’s clients from various industries.