Microsoft, Law Enforcement Dismantle RaccoonO365 Cybercrime Network
Microsoft and international law enforcement have collaborated to dismantle a sophisticated cybercrime network, RaccoonO365. This service targeted Microsoft 365 users worldwide, stealing at least 5,000 Outlook credentials and earning over $100,000 in cryptocurrency. Joshua Ogundipe, a Nigerian national, is identified as the mastermind behind this operation.
RaccoonO365, active since at least 2024, employed advanced techniques to bypass multi-factor authentication. It offered an AI-backed feature to scale up cybercriminal campaigns, targeting 9,000 email addresses daily. The service used Microsoft branding to create convincing phishing emails, attachments, and websites, tricking victims into revealing their Outlook login details.
Researchers have warned about the prevalence and increasing usage of RaccoonO365 for over a year. Microsoft and Cloudflare took significant actions to disrupt the network. Microsoft seized 338 websites associated with RaccoonO365, while Cloudflare took down hundreds of domains and accounts. Despite these efforts, the group behind RaccoonO365 managed to operate in 94 countries, stealing at least 5,000 Microsoft 365 credentials.
The dismantling of RaccoonO365 is a significant victory in the ongoing battle against cybercrime. Microsoft's criminal referral for Joshua Ogundipe sends a strong message to cybercriminals. However, the evolving nature of cyber threats underscores the need for continuous vigilance and international cooperation.
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