SecureSky Cyber Threat Center Sees Greater Than 6 Times Increase In Attacks

But There’s Still a Lot of Good Things Happening In These Trying Times! One of the most staggering statistics reported recently from the SecureSky Cyber Threat Center is seeing a 6x-7x increase in fraudulent scams and BEC cases in the last 30 days, with COVID-19 themes – phishing, fake investment, charities, prevention or treatment offers and testing scams. We have seen similar trending of overall phishing volumes from multiple clients and email gateway providers, which correlates to the sharp uptick in case volume, as well as click rates.

SecureSky’s Top 5 2020 Cloud Security Predictions

Cloud Computing Adoption Will Accelerate

We’re not going out on a limb in predicting cloud services will continue to grow. The information technology world is experiencing a tectonic shift, led by the rapid adoption of cloud computing. *Gartner predicts that the market size of the cloud services industry will grow three times faster than overall IT services growth, reaching $331.2 billion by 2022, with SaaS applications accounting for $143.7 billion, or 43% of this market.

Detecting BEC Attacks and Compromise - Part 5

1.0 Introduction

In Part 1 of this blog series, we introduced BEC attacks, and discussed why BEC attacks are increasing. In Part 2, we used recent BEC investigations to discuss how BEC attacks work against O365 environments. In Part 3, we discussed key Office 365 (O365) configuration settings that organizations can implement to protect against BEC attacks. In Part 4, we discussed key logging and auditing capabilities in O365 that can help organizations detect BEC attacks against their environment.

Configuration of Office 365 to Detect BEC Attacks - Part 4

1.0 Introduction

In Part 1 of this blog series, we introduced Business E-mail Compromise (BEC) attacks, and discussed why BEC attacks are increasing. In Part 2, we used recent BEC investigations to discuss how BEC attacks work against O365 environments. In Part 3, we discussed key Office 365 (O365) configuration settings that organizations can implement to protect against BEC attacks. Here in Part 4, we will discuss the logging and auditing capabilities in O365 that can help organizations detect BEC attacks against their environment.

Configuration of Office 365 to Protect Against BEC Attacks - Part 3

In Part 1 of this blog series, we introduced Business E-mail Compromise (BEC) attacks, and discussed why BEC attacks are increasing. In Part 2, we used recent BEC investigations to discuss how BEC attacks work against O365 environments. In this third entry, we will discuss a number of key Office 365 configuration settings that organizations can implement to protect against BEC attacks. 

Threat Investigation: Anatomy of A Business E-Mail Compromise Attack - Part 2

The Unassuming Threat: Business E-Mail Compromise & Office 365 Vulnerabilities

Business e-mail compromise (BEC) is a class of cyber-crime that is growing rapidly. Over the past five years, BEC attacks have resulted in billions of dollars in losses from companies of all sizes across numerous industries.

This post is Part 2 of SecureSky’s multi-part blog series about BEC. In Part 1, we provided an introduction to BEC and discussed why this cyber security threat is increasing. In this post, we’ll take you through a recent SecureSky BEC investigation and explore an example of how BEC is executed against O365 environments.

The Unassuming Threat: Business E-Mail Compromise - Part 1

Across the globe, companies and organizations of all sizes have faced an increasing onslaught of the cyber-crime known as business e-mail compromise (BEC). Perpetrated by organized crime groups, BEC attacks have resulted in losses of billions of dollars over the last decade. So how do you prepare and protect your organization from BEC?