New Phishing Scam: Here's How to Protect Your Business

Before you click that link or open that attachment, ask yourself: Could this be a phishing scam? Spoiler alert: It probably is. And these scammers are getting smarter by the day, so make sure your team is clued in too.

#Phishing #CyberSecurity #DataTheft

Microsoft's got a warning for business owners: There’s a new phishing scam out there, and it's not your average run-of-the-mill trick. This one uses popular cloud services like SharePoint and OneDrive to fool you. Usually, these platforms are safe, but the bad guys have figured out how to sneak past privacy settings and security checks.

Here's how they do it: The hackers steal your login credentials (or buy them off the dark web), then get access to your cloud storage. Once in, they upload a file that looks totally legit – think fake Microsoft 365 login page – and set it to “view-only” or restrict it to just you and your team.

If you open that file or click on any links inside, you’re opening the door to serious trouble. These scammers can steal your data, install malware, or even hijack your systems.

The damage? It could cost you big time – financially and in terms of your reputation.

So how do you protect your business? Start by making sure your team knows about this scam and understands that even trusted-looking emails can be tricks. Always double-check who’s sending you those shared files. If something feels fishy, contact the sender directly to confirm.

Next up, lock things down with multi-factor authentication (MFA) on all your devices. MFA adds a second layer of security, making it way harder for hackers to get in.

And don’t forget to keep your security software updated to catch the latest threats.

Need help boosting your business’s security with training, monitoring, or extra protection? Let’s talk.