Microsoft & Cloudflare Dismantle RaccoonO365 Global Phishing Network (2025)
In September 2025, Microsoft’s Digital Crimes Unit (DCU), in partnership with Cloudflare, coordinated a global takedown of the RaccoonO365 phishing network. The PhaaS operation leveraged 338 domains to deliver convincing Microsoft 365 phishing campaigns, compromising over 5,000 credentials across 94 countries since July 2024. By obtaining a court order from the Southern District of New York, DCU seized infrastructure used by the financially motivated RaccoonO365 group, disrupting ongoing credential theft and reducing further business email compromise (BEC) risk to organizations worldwide. This incident underscores the rapid evolution and global scale of phishing-as-a-service networks, which are automating credential theft across cloud platforms. As attackers exploit trusted SaaS brands with commodity toolkits, vigilance around cloud identity and supply chain access is now a critical board-level concern.
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