New phishing scam is smarter than ever

…here’s how to protect your business

In today’s digital landscape, the rise of cyber threats poses significant challenges for business owners. Recently, Microsoft has issued a warning about a clever new type of phishing scam targeting trusted cloud services such as SharePoint and OneDrive. This threat exploits the generally safe nature of these platforms, showcasing how cyber criminals can manipulate privacy settings to bypass security checks and gain unauthorized access to sensitive information.

Understanding the New Scam

The phishing scam involves cyber criminals impersonating a trusted source to deceive unsuspecting users into divulging their login information. By compromising user accounts, these scammers can infiltrate cloud storage systems and wreak havoc. There are two primary methods used to gain access: stealing login details or purchasing them on the dark web.

Once inside the cloud storage, the attackers upload malicious files that mimic genuine documents. These files often resemble a legitimate Microsoft 365 login page or other vital business documents, leading users to believe they are engaging with a trusted file. By setting these files to "view-only" or restricting access to specific individuals, such as team members, they can further manipulate the situation to avoid raising suspicion.

The Risk to Your Business

The potential consequences of falling for this scam are dire. When an employee opens one of these deceptive files or follows links in a phishing email, they might unknowingly grant attackers access to internal business systems. This access can result in various malicious activities, including the installation of malware that can disrupt operations and compromise confidential information.

Recovering from such attacks can be both costly and time-consuming. Beyond financial losses, the reputational damage a business incurs can be detrimental, ultimately affecting customer trust and future business opportunities.

Employee Awareness is Key

To combat these phishing threats, it is crucial for business owners to ensure their employees are well-informed about potential scams. Advise your team to be especially vigilant when opening emails, even those appearing to originate from trusted sources.

Here are some essential tips to share with your employees:

  1. Verify the Sender's Identity: Before opening any shared files, it’s paramount to double-check the sender's email address and confirm it through a separate communication channel. If something appears off, reach out to the sender directly to verify the legitimacy of the email.

  2. Cautious File Handling: Employees should be trained not to interact with files or links from unexpected sources. They should be cautious about files that won’t download correctly or have unusual file extensions.

Enhance Security Measures

To shield your business from these threats, implementing robust security measures is one of the best defences. Multi-factor authentication (MFA) is an excellent way to add an extra layer of security. This method requires users to confirm their identity through an additional piece of information, such as a code sent to their mobile device, alongside their password.

Keeping security software updated is also non-negotiable. Regular updates ensure your systems are equipped to fend off the latest types of attacks. Routine checks and maintenance, performed by reputable IT support companies in Manchester, can enhance your business’s protection against evolving cyber threats.

Partnering with Managed IT Services

Engaging a reliable IT support team can significantly bolster your defences against phishing scams and similar attacks. Companies like Blowfish Technology offer managed IT support solutions tailored to meet the specific needs of businesses in Manchester. Whether through proactive monitoring, employee training, or enhanced cybersecurity measures, their expertise can safeguard your operations.

By partnering with dedicated managed IT services Manchester, you can rest assured that your business is protected against both current threats and future ones. If you would like assistance in upgrading your security protocols and ensuring your team is adequately trained to handle potential phishing attacks, don’t hesitate to reach out.

As cyber threats increase in sophistication, remaining vigilant and proactive is essential for business protection. The new phishing scams targeting cloud services underscore the necessity for employee training and robust security measures. By verifying the identities of senders, employing multi-factor authentication, and ensuring your security software is consistently updated, you can better protect your business from the damaging effects of these cyber attacks.

Remember, staying informed and prepared is the first step toward a resilient business environment in today's digital age. Reach out to Blowfish Technology or your preferred managed IT support Manchester company for further assistance in securing your digital assets and minimizing the risk of falling victim to these tactics.




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