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Risky Bulletin: BEC campaign steals €35 million from French notaries

Hackers stole over €35 million from 500+ French notary offices in a four-year BEC campaign; ANSSI spent two years helping evict the attackers.

A business email compromise campaign breached more than 500 French notary offices — about 7% of all French notaries per the Conseil Supérieur du Notariat — over four years, stealing more than €35 million by phishing initial access and silently modifying wire transfer details. France's cybersecurity agency ANSSI worked for two years behind the scenes to help notaries remove the persistent attackers, who had deep access; officials also feared hackers could issue fake notarized acts such as marriage certificates or forged real estate deals. No forged documents have been found so far, but notaries have added two-factor authentication and in-person requirements for banking details, and banks added extra checks in 2024. The newsletter also notes other incidents, including a $320 million Bitcoin extraction from Blockstream's Liquid Network and a JetBrains Cadence breach via TeamCity servers.

Risky Business News · 10d agoPhishing & fraud in the wild1

Passkey-themed social engineering leads to identity and cloud compromise

Microsoft tracks ongoing cloud intrusions where passkey-themed helpdesk lures enable AiTM credential theft, MFA persistence, and SharePoint data theft.

Microsoft Security Research is tracking active cloud-based intrusions, observed since May 2026, that begin with helpdesk impersonation calls and SMS lures urging urgent passkey, MFA, or SSO updates. The lures lead to adversary-in-the-middle phishing or device-code authentication flows that capture credentials and session tokens or grant actor access, after which the actors add authentication methods, conduct Microsoft Graph reconnaissance, and download SharePoint and OneDrive content via REST APIs. Phishing domains embed victim organization names as subdomains (e.g., contoso.add-passkey[.]com), are often registered with Nicenic, and go operational within hours. Microsoft advises revoking sessions and removing unauthorized authentication methods for confirmed compromises.

Microsoft Security Blog · 7d agoThreat actor in the wild2

BigBear 2 PhaaS Campaign Steals 5000+ Microsoft Credentials

CloudSEK researchers found the BigBear 2.0 PhaaS kit, built on Evilginx2, has stolen over 5,100 Microsoft 365 credentials across 461 organizations in 40+ countries.

CloudSEK gained admin access to the BigBear 2.0 phishing-as-a-service panel, an Evilginx2-based adversary-in-the-middle platform operated by someone using the alias 'General Boss'. The team observed 3,331 unique victim IPs across more than 40 countries, 42 VPS nodes mostly on Vultr, and 5,137 credential records across 461 organizations, including 4,148 session cookies, 1,032 plaintext passwords, and 474 completed MFA-bypassed authentications. IT and managed service providers were the most targeted sector, raising supply-chain risk since their compromise can expose client infrastructure and privileged Azure AD access.

Infosecurity Magazine · 8d agoPhishing & fraud in the wild