New Phishing Scam Smarter Than Ever: How to Safeguard Your Business

Microsoft has issued a warning to business owners about a sophisticated phishing scam targeting users through trusted cloud services like SharePoint and OneDrive. These scams exploit security loopholes to deceive users into revealing sensitive login information.

While SharePoint and OneDrive are generally secure, scammers have discovered ways to bypass privacy settings and gain unauthorized access. Here’s how they do it:

How the Scam Works

Cybercriminals steal login credentials through phishing attacks or purchase them on the dark web. Once inside your cloud storage, they upload seemingly legitimate files—such as a fake Microsoft 365 login page—and configure them to “view-only” or restrict access to specific users, like you and your team.

Opening these files or clicking on links within scam emails can have devastating consequences. Scammers may:

• Gain unauthorized access to your systems.
• Install malware to steal data or disrupt your operations.

Recovering from such attacks is often costly, time-consuming, and damaging to your business's reputation.

How to Protect Your Business

1. Raise Awareness: Ensure your team is informed about this new phishing threat. Employees should exercise caution with unexpected emails, even if they appear to come from trusted services.
2. Verify Suspicious Emails: Before opening shared files, double-check the sender’s identity. If something seems off, contact the sender directly to confirm authenticity.
3. Enable Multi-Factor Authentication (MFA): MFA provides an additional layer of security by requiring a second form of verification—like a one-time code sent to your phone—along with a password.
4. Update Security Software: Keep your security tools updated to guard against the latest threats.

Need Help?

We specialize in securing businesses through advanced security measures, employee training, and continuous monitoring. Contact us today to safeguard your business from the latest cyber threats!

‍