You Have Been Phished

What is BEC or Business Email Compromise

Business email compromise (BEC) is an exploit in which an attacker obtains access to a business email account and imitates the owner's identity, in order to defraud the company and its employees, customers or partners.

Senario

You get the Email below saying that you have a security alert on your account and a button that tells you to recover your account ...
So you click on the recover your account and serves you a microsoft Login page
Little that you know this is a fake login page and what ever you put into this will get directly sent to the hacker
Now he has access to you microsoft account and any other app you have with microsoft like:
For this the hacker wants to send out more emails out to catch as many people as possible. So he logs into Outlook and looks at your address book. You have a couple hundred emails you have gotten over the years you have been in business. From personal friends to Business partners and the hacker decides to use all your contacts for his scheme.
Maskerading as you he starts sending the same email as he sent to you to all your contacts. You dont see a thing because he made a rule on you outlook to forward all the replies to him and move all the sent files and replies to the deleted folder making you none the wiser.

What just happened ...

By entering your account in that fake webpage you gave you information to hacker. With that information he was able to send malious emails as you to all of your friends. Making the recipiants not trust your emails in the future or worse a company you work with also gets tricked with this and the cycle starts all over again.

Ways to prevent this from happening

Even though you may trust microsoft this company is huge and hacker try to exploit that trusting nature.

If you want to dig in a little deeper

Ways to report Phishing Emails

Report in Outlook

Report in Gmail

Any other email providers just simple google and i bet you will find the answer

Report a phishing Url

This is a little harder to do, some hosting sites have a way to do it and others do not. There are alot sites like virustotal that you can report the urls and they are put on a blacklist but you wont see them taken down.

Sites to report urls

The sites below will flag the urls by you adding the url for scanning