Business email compromise scams take new dimension with multi-stage attacks

In a campaign that exploits the relationships between different organizations, attackers managed to chain business email compromise (BEC) against four or more organizations jumping from one breached organization to the next by leveraging the relationships between them. The attack, which Microsoft researchers call multi-stage adversary-in-the-middle (AiTM) phishing, started with a compromise at a trusted vendor and targeted organizations from the banking and financial services sectors.

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