Protect Your Business: Beware of New Phishing Scams Targeting Cloud Services
Microsoft has recently flagged a dangerous new phishing scam that targets businesses by exploiting trusted cloud platforms like SharePoint and OneDrive. While these platforms are generally secure, cybercriminals have found ways to bypass privacy settings and trick users into giving up sensitive login details.
Here’s how the scam works and what you can do to protect your business.
How the Scam Works
Compromised Credentials
Scammers obtain login credentials either by stealing them directly or purchasing them on the black market.Infiltrating Cloud Platforms
With access to your account, they upload malicious files disguised as legitimate documents, such as a fake Microsoft 365 login page.Targeting You and Your Team
These files are set to “view-only” or restricted to specific people, such as you or your team, making them appear even more authentic.Triggering the Attack
Opening the file or clicking on links within it can result in malware installation or unauthorized access to your systems. Once inside, scammers can disrupt operations, steal sensitive data, or compromise your reputation.
Why This Matters
Recovering from such attacks can be costly and time-consuming. Beyond the financial implications, the potential harm to your company’s reputation can be devastating. It’s crucial to stay vigilant and proactive against these evolving threats.
How to Protect Your Business
1. Train Your Team to Spot Red Flags
Ensure employees know how to recognize phishing attempts. If an email or shared file looks suspicious, even if it appears to come from a trusted source, take the following precautions:
Double-check the sender’s identity.
Verify with the sender directly before opening or clicking on any links.
2. Use Multi-Factor Authentication (MFA)
Implement MFA across all team devices. This adds an extra layer of protection by requiring a second verification step, such as a code sent to your phone, alongside your password.
3. Keep Security Software Updated
Ensure your antivirus and security systems are up to date to defend against the latest threats.
4. Limit Access
Regularly review and manage who has access to your cloud platforms. This can minimize potential exposure in case of a breach.
We’re Here to Help
Phishing scams are growing more sophisticated, but with the right measures in place, your business can stay protected.
Need help safeguarding your systems or training your team? Our security experts provide tailored solutions, ongoing monitoring, and comprehensive training to ensure your business stays secure.
Get in touch today and let us help you build a stronger defense against cyber threats.
Stay vigilant, stay secure.