Microsoft’s spokesman announced on 13 December 2023 the disruption of Storm-1152, a Cybercrime-as-a-Service (CaaS) ecosystem that created 750 million fraudulent Microsoft accounts supporting phishing, identity theft, and other schemes. The CaaS is believed to have made millions of dollars in illicit revenue by creating fraudulent accounts for other cybercrime groups to use in phishing, spam, ransomware, Distributed Denial-of-service (DDoS), and other types of attacks.
See: https://redskyallian
