What attackers do. Attackers send targeted emails containing a link to a malicious download, a fake login page or an OAuth consent prompt, rather than attaching the payload. This Phishing sub-technique serves Initial Access and is commonly used for credential theft.
How to defend. Use URL rewriting and time-of-click analysis, block newly registered and low-reputation domains at the proxy, and use phishing-resistant MFA so captured passwords are less useful. Restrict which users can grant consent to third-party applications. Correlate email logs with proxy and identity logs so a click can be linked to any later sign-in.
Signs to look for. Look for clicks on lookalike or freshly registered domains, logins from new locations right after a click, and new OAuth application grants. A common gap is following the redirect chain, since attackers often route links through legitimate services first.