Cyber Criminals Conduct BEC through Exploitation of Cloud-based Email Services
The FBI has released a Public Service Announcement (PSA) warning that cyber criminals are targeting organizations that use popular cloud-based email services to conduct business email compromise (BEC) scams. According to the PSA, the scams are initiated through specifically developed phish kits designed to mimic the cloud-based email services in order to compromise business email accounts and request or misdirect transfers of funds.