Home Business Microsoft disrupted this large cloud-based business email scam operation

Microsoft disrupted this large cloud-based business email scam operation

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Business email compromise (BEC) is a huge and profitable scam, but Microsoft has put a dent in one operation by taking down its cloud infrastructure. 

To counter these scammers, Microsoft has enlisted its Digital Crimes Unit to tackle the infrastructure they use. Just like other businesses, BEC scammers have moved to the cloud to run operations, but Microsoft claims its investigators have disrupted one large BEC group that was using major cloud providers. 

While ransomware is grabbing headlines, BEC remains the single most expensive cybercrime problem for American business. The FBI recently reported that Americans lost over $4.2 billion to cyber criminals and scammers in 2020. BEC was by far the biggest cause of reported losses, totaling $1.8 billion across 19,369 complaints. 

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In this case,…

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