Lead Analysts: Jeewan Singh Jalal, Prabhakaran Ravichandhiran and Anand Bodke

Since November 3, 2025, KnowBe4 Threat Labs has been monitoring a highly sophisticated, multi-stage phishing operation that is actively targeting organizations to steal employees’ Microsoft 365 credentials. The campaign has been engineered to bypass traditional email security defenses, such as secure email gateways (SEGs),  and multi-factor authentication (MFA) tools.

Lead Analysts: Jeewan Singh Jalal, Prabhakaran Ravichandhiran and Anand Bodke

Since November 3, 2025, KnowBe4 Threat Labs has been monitoring a highly sophisticated, multi-stage phishing operation that is actively targeting organizations to steal employees’ Microsoft 365 credentials. The campaign has been engineered to bypass traditional email security defenses, such as secure email gateways (SEGs),  and multi-factor authentication (MFA) tools.

Source: KnowBe4
Source Link: https://blog.knowbe4.com/the-ghost-in-the-machine-how-a-multi-stage-phishing-campaign-evades-security-to-steal-microsoft-365-credentials