"Inside the Platform Propping up the Next Generation of Email Crime"

Cybercriminals are launching "industrial-scale" email attacks against businesses at an increasing rate, using a malicious platform that has been around for years. Microsoft has brought further attention to the rapid adoption of platforms such as BulletProftLink, highlighting that the tools are widely used to conduct highly sophisticated Business Email Compromise (BEC) attacks. These platforms provide cybercriminals with a toolkit for performing BEC attacks, including email templates that appear legitimate, hosting, and automated attack launch services. According to Microsoft's report, Cybercrime-as-a-Service (CaaS) platforms like BulletProftLink and others in this class provide new avenues for the underground industry to effectively monetize cybercrime. Between 2019 and 2020, the company's Digital Crimes Unit observed a 38 percent increase in CaaS attacks targeting business email. This article continues to discuss how BulletProftLink works, why BEC attacks are a significant threat, and the rise in CaaS attacks. 

ITPro reports "Inside the Platform Propping up the Next Generation of Email Crime"