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5 stories in the last 30d

MFA's Weakest Link: Account Recovery Is the New Attack Path

Help desk account recovery is increasingly the weakest link in MFA-protected identities, as Scattered Spider's impersonation-driven Marks & Spencer attack demonstrated.

As MFA, conditional access, and phishing-resistant factors raise the cost of direct account takeover, attackers increasingly target the recovery process, convincing service desk staff to reset passwords or re-register MFA on attacker-controlled devices. CISA, FBI, and partner advisories describe Scattered Spider posing as employees to trigger such resets; the 2025 Marks & Spencer attack began this way and led to ransomware with an estimated £300 million profit impact. Microsoft now describes Entra ID account recovery as a high-assurance process, and the article promotes Specops Secure Service Desk for verified identity workflows.

BleepingComputer · 8d agoPhishing & fraud

Risky Bulletin: Ukraine's top prosecutor resigns amid scam call center scandal

Ukraine's top prosecutor Ruslan Kravchenko resigned after NABU arrested a deputy for taking bribes protecting scam call centers running fake investment platforms.

Ukraine's anti-corruption bureau NABU arrested Serhiy Kropyva, Deputy Head of International Cooperation at the Prosecutor General's Office, alleging officials took monthly protection fees from a network of 100-500 scam call centers luring victims into fake investment platforms, with bribes reportedly growing from $700,000 to $3.5 million per month. Prosecutor General Ruslan Kravchenko resigned on Monday, calling it a political decision, while Kropyva was fired with bail set at 120 million hryvnias ($2.7 million) and over 100 call centers shut down in the past month. The newsletter also briefly covers a cyberattack crippling more than 80 Luxembourg medical practices via payment vendor BMS Engineering, ShinyHunters' claimed theft of 200,000 Florida DMV driver records, a cyberattack on the American Meteor Society, and school closures in Springfield, Massachusetts.

Risky Business News · 8d agoPhishing & fraud

Hackers Use AI-Assisted CEO Emails to Trick Finance Teams Into Sending $50,000 Payments.

Microsoft tracked a million-message AI-assisted BEC campaign impersonating executives with fake ServiceNow invoices to steal ~$50,000 ACH payments.

Microsoft detected over one million messages in a BEC campaign running August 3-5, using AI-assisted phishing templates, executive impersonation, and fabricated ServiceNow subscription invoices to trick finance teams into authorizing fraudulent ACH payments of roughly $50,000. The US received 87.7% of volume. Attackers used lookalike domains like service-nowinc[.]com registered just days before delivery, with no compromise of ServiceNow itself. Telltale signs included verbose HTML comments, uniform formatting, and inconsistent forwarded-message headers.

GBHackersupdated · 6d agofirst · 6d agoPhishing & fraud in the wild 2 sources

Protecting organizations from AI-assisted executive impersonation and invoice fraud

Microsoft tracked a campaign of over one million AI-crafted CEO-impersonation emails seeking ~$50,000 ACH payments with fabricated ServiceNow invoices.

Between August 3 and 5, Microsoft detected a campaign of more than one million fraud emails, 87.7% of them targeting US enterprise users, sent through multiple third-party email delivery service accounts. The actor impersonated CEOs, CFOs, and presidents of targeted companies, urging accounts payable staff to process an ACH payment of nearly $50,000. Lures layered executive impersonation, lookalike domains, a fabricated ServiceNow 'Annual Subscription' invoice personalized to the recipient, and forged forwarded email threads; Microsoft found no evidence ServiceNow or the referenced executives were compromised. Microsoft observed indicators consistent with generative AI-assisted template creation, while leftover inconsistencies such as missing forwarding headers and mismatched display names gave defenders detection cues.

Microsoft Security Blog · 6d agoPhishing & fraud1

Attackers are going after prominent individuals through OAuth phishing, FBI warns

FBI IC3 warns of ongoing OAuth consent phishing since late 2025 targeting prominent individuals to gain persistent, password-free account access.

Attackers register malicious applications with legitimate OAuth providers, impersonate journalists, academics, event organizers, or government officials on messaging apps and email, and lure targets into approving permission requests on real Microsoft or Google login pages. Once approved, the attacker's application can read and send emails and access sensitive files within granted permissions, bypassing both passwords and MFA. The FBI notes password changes do not revoke this access; victims must invalidate the OAuth token in application security settings, and no attribution or victim list has been disclosed.

Help Net Security · 15d agoPhishing & fraud in the wild