Microsoft Takes Down Major Phishing Operation That Stole 5,000+ Credentials
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Microsoft and Cloudflare shut down RaccoonO365, a notorious phishing-as-a-service operation that helped cybercriminals steal Microsoft 365 credentials with little technical skill required. Using a court order, Microsoft seized 338 websites tied to the service, which had stolen at least 5,000 credentials from 94 countries since July 2024.
The operation, run by Nigerian mastermind Joshua Ogundipe, offered subscription-based phishing kits for $600 annually. These kits used Microsoft branding to create convincing fake emails and websites, targeting over 2,300 US organizations and 20 healthcare facilities.
Microsoft identified Ogundipe through a cryptocurrency wallet security lapse and sent a criminal referral to international law enforcement. The takedown represents a significant blow to the growing phishing-as-a-service industry.
Source: Dark Reading