Phishing attacks on businesses increases: Report

There has been a significant increase in cybercriminal activity revolving around business email compromise (BEC), according to the fourth edition of Microsoft’s Cyber Signals report. The report also highlights the usual strategies BEC operators use and provides recommendations on how businesses can protect themselves from these attacks.

Microsoft analysed 43 trillion daily security signals and consulted with 8,500 security experts to gather these trends and insights. Here are a few key takeaways.

Between April 2022 and April 2023, Microsoft Threat Intelligence found and investigated 35 million Business Email Compromise (BEC) attempts.