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Business Email Compromise (BEC) & Phishing Investigations in Office365

Demonstrates business Email Compromise (BEC) & Phishing Investigations in Office365 and evaluates key implications for security practitioners.

Summary

Overview: Justin Safa of Optiv presents at Source Zero Con on investigating business email compromise and phishing incidents in Microsoft 365 environments.

Key Topics: Phishing as persistent initial access vector; MFA bypass via adversary-in-the-middle and device code phishing; OAuth app persistence; attacker-registered MFA devices; and cross-tenant lateral movement.

Technical Details: Safa covers modern BEC investigation workflows including identifying attacker-enrolled MFA devices, OAuth application persistence mechanisms, and lateral movement between M365 tenants into on-premises systems via compromised credentials.

Takeaways: M365 BEC investigations require checking MFA device registrations and OAuth grants, not just mailbox rules. Attackers have evolved beyond simple credential harvesting to persistent cloud access techniques.

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