WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Internet Security Thursday, November 26, 2020 
Add Press Release News | News Feeds Feeds | Email This News Email


New Area 1 Security Research Uncovers One Million Ways Attackers Breach Office 365 Email
Friday, October 30, 2020

A decade after Office 365's launch, attackers find new ways to exploit and bypass cloud suite defenses

REDWOOD CITY, Calif., Oct. 22, 2020 /PRNewswire/ -- Area 1 Security, the first and only preemptive cloud email security provider, published the results of "1 Million Ways Attackers Breach Office 365 Email," a new study analyzing nearly 1.5 billion messages sent to customers that use Microsoft as their email provider. Over the six-month period from March to August 2020, Area 1 found that over 925,000 malicious emails bypassed Office 365 and well-known secure email gateways (SEGs).

As detailed in the report, attackers increasingly use highly sophisticated, targeted campaigns like Business Email Compromise to evade traditional email defenses, which are based on already-known threats. Attackers also often use Microsoft's own tools and branding to bypass legacy defenses and email authentication (DMARC, SPF, DKIM).

Other key findings include:

    --  In one example where a customer layered Office 365 with an SEG, more
        than 300,000 malicious messages were still missed;
    --  There was a steady increase in targeted Business Email Compromise (BEC)
        attacks -- including Type 3 (account takeover-based) BECs and Type 4 BEC
        (supply chain phishing), which would have amounted to several billion
        dollars in potential losses; and
    --  Spoofed senders and newly registered domains (NRDs) accounted for 71.7
        percent of the missed email threats;
    --  The summer months saw a sharp increase in phishing, as attackers took
        advantage of coronavirus-related misinformation and remote workforce
        transitions.

Since Microsoft unveiled its cloud-based Office 365 platform in October 2010, its user base has continued to grow, now surpassing 258 million paid Office 365 business seats. While Microsoft continues to make Office 365 security improvements and can even exceed the best anti-spam and antivirus providers, cyber threat actors have evolved accordingly. For example, Area 1 has intercepted a number of credential harvesting phish exploiting cloud tools like Microsoft SharePoint and Microsoft Planner.

As noted in the Gartner 2020 Market Guide for Email Security(1) (ID: G00722358), "As organizations move to cloud email, it's easier for attackers to target users with phishing attacks posing as log-in screens in order to harvest credentials. They then use those credentials to launch further account-takeover-based attacks that can include other collaboration tools. Organizations need to ensure that both internal and external email is secured as well as collaboration tools that are being used."

"Millions of organizations have achieved immeasurable productivity and efficiency thanks to the cloud. However, it's evident that attackers have also adopted cloud suites to launch productive, efficient phishing campaigns," said Patrick Sweeney, CEO and president of Area 1 Security. "It's critical to proactively stay ahead of evolving cyberattacks with techniques that identify phishing threats as they're being built -- before they've been launched."

Area 1 Security, a Representative Vendor for Integrated Email Security Solutions, is a leader in migrating customers from traditional SEGs to cloud-native email security -- an estimated $10B total addressable market. On average, its solution prevents 30 percent more phishing attacks than traditional email defenses, and its customers typically spend 90 percent less time on phishing incident response and remediation. Area 1 is on pace to stop nearly $1B in active BEC fraud in 2020 alone.

Area 1 Security's recommendations for effectively defending against cloud email threats include:

    --  Zero-Trust Email: Adhere to a Zero-Trust-Email approach, which should
        serve as a baseline for an email security strategy. All email,
        especially ongoing interactions with external partners and suppliers,
        should be considered areas of compromise.
    --  Comprehensive email security techniques: These should include AI and
        Machine Learning (ML) models, computer vision, Natural Language
        Understanding (NLU) and intent analysis, among other advances.
    --  Creating an automated social/partner graph for your organization:
        Identify your partner organizations and perform universal message
        classification to understand the natural interactions the organization
        has with the rest of the world.
    --  Combining preemptive threat data, message sentiment analysis and
        conversational context analysis: This provides a high level of accuracy
        into the malicious detections, especially in cases where a partner has
        been compromised and becomes the source of targeted phishing attacks.

To learn more, download the "Phishing with the Cloud: 1 Million Ways Attackers Breach Office 365" report here.

(1)Gartner, "Market Guide for Email Security," Mark Harris, Peter Firstbrook, Ravisha Chugh, 8 September 2020.

Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Area 1 Security
Area 1 Security is the only company that preemptively stops Business Email Compromise, malware, ransomware and targeted phishing attacks. By focusing on the earliest stages of an attack, Area 1 stops phish -- the root cause of 95 percent of breaches -- 24 days (on average) before they launch. Area 1 also offers the cybersecurity industry's first and only performance-based pricing model, Pay-per-Phish.

Area 1 is trusted by Fortune 500 enterprises across financial services, healthcare, critical infrastructure and other industries, to preempt targeted phishing attacks, improve their cybersecurity posture, and change outcomes.

Area 1 is cloud-native, a Certified Microsoft Partner, and Google Cloud Technology Partner of the Year for Security. To learn more, visit www.area1security.com, follow us on LinkedIn, or subscribe to the Phish of the Week newsletter.

Media Contact:
Elaine Dzuba
pr@area1security.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/new-area-1-security-research-uncovers-one-million-ways-attackers-breach-office-365-email-301157025.html

SOURCE Area 1 Security



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Trend Micro Tackles Misinformation and Fraud with Free Tool | Nov 26, 2020
Nav Comtrend Announces New Multi-Gigabit WiFi 6 Ethernet Gateway to Support Service Providers' Fiber Broadband Deployments | Nov 26, 2020
Nav Shark Tank-Winning Kids Laptop Company Launches Next Distance Learning Computer | Nov 26, 2020
Nav Cyber Insurance Market to Hit $70,671.9 Million Revenue By 2030: P&S Intelligence | Nov 26, 2020
Nav Desktop-as-a-Service Market Powering a Post-Pandemic Workforce | Nov 26, 2020
Nav New Test Results Find GreatHorn Superior to Microsoft Defender for Office 365 | Nov 26, 2020
Nav Pusan Newport Company Enhanced its Terminal Operations with CyberLogitec | Nov 26, 2020
Nav Which Windows Internet Security Software protects you best and which slows down your workstation | Nov 26, 2020
Nav MyChargeBack Warns of Black Friday Scams, Fake Retail Websites, Counterfeit Merchandise & Provides Five Safety Tips for 2020 Online Holiday Shopping | Nov 26, 2020
Nav 8 Ways to Protect Yourself Against Scams on Black Friday and Cyber Monday | Nov 26, 2020
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News