Adversary-in-the-Middle (AiTM) Phishing: How Attackers Bypass MFA and What Security Analysts Should Look For.
Phishing remains the single most reported form of cybercrime and one of the cheapest attacks to launch, yet among the most expensive to suffer. IBM (2025) estimates the average cost of a breach that begins with phishing at approximately USD 4.8 million, while the FBI's Internet Crime Complaint Centre recorded 191,561 phishing and spoofing complaints in 2025, more than double any other reported category (FBI IC3, 2026). For years, the standard advice to organisations has been simple: enable...
