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This can be done through spoofing and social engineering methods where the mail account is not actually compromised but in the last few years it has been more common that attackers actually gain access to the mail account and hang out there gathering intelligence until the time comes to strike. Office 365 accounts have been highly targeted (because of their prevalence) but the same type of attack could be leveraged at pretty much any other email system.Sorry for the necro but we have had incidence in the last two weeks where they idk intercept our emails and change the banking details. Lucky our customers have picked up on this . Anyone know how they are doing it?