Microsoft and Cloudflare have disrupted a Phishing-as-a-Service operation, known as RaccoonO365. The primary goal of RaccoonO365 (or Storm-2246 as Microsoft calls it) was to rent out a phishing toolkit that specialized in stealing Microsoft 365 credentials. They were successful in at least 5,000 cases, spanning 94 countries since July 2024. The operation provided the cybercriminals’ customers with stolen credentials, cookies, and data which they in turn could use to plunder OneDrive, SharePoint, and Outlook accounts for information to use in financial fraud, extortion, or to serve as initial access for larger attacks. Roughly an attack would look like this: Emails were sent to victims with an attachment containing a link or QR code. The malicious link led to a page with a simple CAPTCHA.…