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The adoption of mass remote working and rapid infrastructural change has made 2020 a very disruptive year for most SMEs. And while many of the legacy security challenges remain, COVID-19 has brought about some new issues. As we get ready to close the door on 2020, here are the six key security challenges facing SMEs in the year ahead.

6 Security Challenges Facing SMEs Heading Into 2021

An ongoing phishing campaign designed to harvest Office 365 credentials is using a Microsoft Outlook migration message, according to researchers at Abnormal Security. The phishing emails, which are designed to look as if they come from the IT department of the victims' organizations, say the recipient must update to the latest version of Microsoft Outlook, according to the report.

Phishing Campaign Uses Outlook Migration Message

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During the second week of March, I was meeting with a colleague at Coupa Cafe in Palo Alto, when he said “maybe none of this survives through the year.”  By “this” he meant the whole world of venture-backed enterprises that both of us had been engaged with for the better parts of our professional lives.  Who could second guess him?

What 2020 Meant For Start-Ups

The unprecedented events of 2020 have had a significant impact on the way cyber criminals have developed and administered attacks. Not only are we seeing the emergence of Ransomware 2.0, we're also seeing a continued explosion in invoice and payment-based business email compromise (BEC) fraud.

The State of Invoice and Payment Fraud Heading into 2021

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Emails from legitimate, compromised accounts are being sent to numerous enterprise employees with the aim of stealing their O365 credentials. Researchers are warning of a coordinated phishing attack that targeted “numerous” enterprise organizations last week.

Microsoft Office 365 Credentials Under Attack By Fax ‘Alert’ Emails

Emails from legitimate, compromised accounts are being sent to numerous enterprise employees with the aim of stealing their O365 credentials. Researchers…

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Recent history shows holiday weekends and vacations provide an attack surface bonanza for threat actors.

Ahead of summer holiday weekends, IT security leaders brace for deliberate cyber mischief

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Even though nearly three-quarters of business email compromise attacks during the past year have emerged from Nigeria, Israel has been gaining traction as a base for sophisticated BEC campaigns.

Israel-based BEC attacks on the rise

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Abnormal Security is tracking cybercriminals from an unusual location for business email compromises who are using sophisticated spoofing to spur payments for fake acquisitions.

Israel-based threat actors show growing sophistication of email attacks

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The group, identified by Abnormal Security, targets multinational firms using email display name spoofing and multiple fake personas.

Israeli threat group uses fake company acquisitions in CEO fraud schemes

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The cybercrime industry is evolving tremendously, and CISOs need to have stringent practices to keep their IT infrastructure secure against sophisticated cyber threats and risks. IT Security Wire interviewed Mike Britton, CISO, Abnormal Security, to understand today’s threats and the best ways to stay secure.

Modern Cyber Threat Landscape and Ways to Stay Secure

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A BEC campaign has been tracked to a threat group in Israel, an unlikely genesis for a cyberattack of any kind, Abnormal Security said in a new report.

Widespread Email Ruse Launched from Israel, an Unlikely Source in Moneygrab

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Researchers at Abnormal Security discovered an Israel-based threat group carrying out a BEC campaign primarily targeting large and multinational enterprises with an average annual revenue of over $10 billion.

BEC Campaign via Israel Spotted Targeting Large Multinational Companies

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The report reveals how an emerging threat group employs a multi-phased BEC attack with an M&A theme to steal  from multinational enterprises

New Research from Abnormal Security Shows the Rise of Business Email Compromise Attacks Sent from Israel

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More than two thirds of IT and security leaders are concerned that attackers are leveraging communication and collaboration channels beyond email to evade security controls

New Survey from ESG Reveals Trends Shaping Communication and Collaboration Application Security

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Here’s a look at the most interesting products from the past month, featuring releases from Abnormal Security and others.

Infosec products of the month: April 2023

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Abnormal Security unveiled three new products during RSA Conference, adding new threat detection capabilities for Microsoft Teams, Slack and Zoom.

Ten coolest cybersecurity startups at RSA 2023

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The 2023 RSA Conference showcased a variety of AI-powered cybersecurity tools, with dozens of vendors highlighting the intersection of AI and cybersecurity.

AI Takes Center Stage at 2023 RSA Conference: A Roundup of New Products

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<p>Exploring the Rise of Israel-Based BEC Attacks </p>

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Abnormal’s fundamentally different approach to cloud email security provides the best protection against existing and emerging attack techniques.

2023 Gartner® Market Guide for Email Security

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Abnormal’s latest report on business email compromise trends and statistics finds that employees open 28% of attacks and reply to 15% of them.

H1 2023: “Read” Alert: Data Shows 28% of BEC Attacks Opened by Employees

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Learn how investing in Abnormal Security can yield a 278% ROI within 3 years and help your organization avoid $4 million in losses from BEC.

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