Threat actors frequently target finance or accounting personnel. Once they gain access, they often send altered invoices to existing customers with fraudulent account details. Depending on the business, the resulting financial and reputational damage can be severe — in some cases, losses have reached up to $100,000 from a single compromised account.
Recent high-value breaches where attackers successfully accessed user accounts include incidents such as The Hague Gemeente fake email campaign and the Dutch police contact details breach. Each of these incidents could have been mitigated by applying the controls discussed here and in our broader Microsoft 365 security baseline.
Regular MFA does not protect against these modern attacks. Threat actors use specially designed proxy servers to record user sessions — including the MFA token — in Adversary-in-the-Middle (AITM) attacks, bypassing what is often considered a secure control.