February 10, 2020 — Cybercriminals are employing the most sophisticated phishing techniques using brand impersonation, social engineering and phishing to lure in victims to take over their email accounts according to a study by Researchers from Barracuda and UC Berkeley.
“Attacks happen in phases and this report does a good job following them. Account takeover attacks start with the theft of the credentials, either through a system breach, malware, or phishing. There are three broad phases for an attack: gathering the data, testing the data, and monetizing the data. No single fraudster is skilled at all three phases, forcing them to collaborate and leverage each other’s resources. “
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