FINAL WORD
While approximately 500,000 Microsoft 365 accounts were compromised , a full 36 % of organizations that had an account compromised had hackers set up malicious inbox rules to hide their activity . In fact , hackers on average created two rules for each compromised account . ploy has already been used successfully several times , including against a bank in the UAE that netted the criminals US $ 35m ( A $ 48m ).
Skills shortage puts cloud security at risk
According to the FBI , BEC garners more revenue for cybercriminals than any other kind of cybercrime , almost US $ 1.9b in 2020 ( A $ 2.6b ). In a BEC attack the attacker usually persuades an employee to initiate electronic payment of a large sum with an email that appears to be from a known and trusted source . Organizations are getting better at thwarting these attacks by requiring additional checks to verify the authenticity of requests for high value funds transfers .
However , attackers are also getting better at impersonating those who routinely authorize large transactions . They are deploying deep fake technology to mimic the voices of such people . They then make a phone call to request a high value transaction . This
The shortage of security skills is huge , global and wellknown . The ( ISC ) 2 Cybersecurity Workforce Study , 2021 , estimated the global shortage of cybersecurity professionals at 2.7 million . In Australia , it said the number of people working in cybersecurity had grown
One of the most immediate and significant impacts to COVID was the rapid shift to large-scale remote working .
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