Are You Willing to Pay the High Cost of Compromised Credentials?

Weak password policies leave organizations vulnerable to attacks. But are the standard password complexity requirements enough to secure them? 83% of compromised passwords would satisfy the password complexity and length requirements of compliance standards. That’s because bad actors already have access to billions of stolen credentials that can be used to compromise additional accounts by

WormGPT: New AI Tool Allows Cybercriminals to Launch Sophisticated Cyber Attacks

With generative artificial intelligence (AI) becoming all the rage these days, it's perhaps not surprising that the technology has been repurposed by malicious actors to their own advantage, enabling avenues for accelerated cybercrime. According to findings from SlashNext, a new generative AI cybercrime tool called WormGPT has been advertised on underground forums as a way for adversaries to

Adversary-in-the-Middle Attack Campaign Hits Dozens of Global Organizations

"Dozens" of organizations across the world have been targeted as part of a broad business email compromise (BEC) campaign that involved the use of adversary-in-the-middle (AitM) techniques to carry out the attacks. "Following a successful phishing attempt, the threat actor gained initial access to one of the victim employee's account and executed an 'adversary-in-the-middle' attack to bypass

Microsoft Uncovers Banking AitM Phishing and BEC Attacks Targeting Financial Giants

Banking and financial services organizations are the targets of a new multi-stage adversary-in-the-middle (AitM) phishing and business email compromise (BEC) attack, Microsoft has revealed. "The attack originated from a compromised trusted vendor and transitioned into a series of AiTM attacks and follow-on BEC activity spanning multiple organizations," the tech giant disclosed in a Thursday

BEC Scammer Gets 25-Year Jail Sentence for Stealing Over $9.5 Million

A 46-year-old man in the U.S. has been sentenced to 25 years in prison after being found guilty of laundering over $9.5 million accrued by carrying out cyber-enabled financial fraud. Elvis Eghosa Ogiekpolor of Norcross, Georgia, operated a money laundering network that opened at least 50 business bank accounts for illicitly receiving funds from unsuspecting individuals and businesses after

Microsoft Warns of Large-Scale AiTM Phishing Attacks Against Over 10,000 Organizations

Microsoft on Tuesday disclosed that a large-scale phishing campaign targeted over 10,000 organizations since September 2021 by hijacking Office 365's authentication process even on accounts secured with multi-factor authentication (MFA). "The attackers then used the stolen credentials and session cookies to access affected users' mailboxes and perform follow-on business email compromise (BEC)