{"id":60258,"date":"2026-03-04T00:00:00","date_gmt":"2026-03-04T00:00:00","guid":{"rendered":"urn:uuid:f24361b0-e1e9-3853-bb0b-525385edf1de"},"modified":"2026-03-04T00:00:00","modified_gmt":"2026-03-04T00:00:00","slug":"europol-microsoft-trendai-and-collaborators-halt-tycoon-2fa-operations","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/europol-microsoft-trendai-and-collaborators-halt-tycoon-2fa-operations\/","title":{"rendered":"Europol, Microsoft, TrendAI\u2122 and Collaborators Halt Tycoon 2FA Operations"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/trendmicro.scene7.com\/is\/image\/trendmicro\/phaas-takedown-thumb:Large?qlt=80\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.trendmicro.com\/content\/dam\/trendmicro\/global\/en\/research\/thumbnails\/26\/c\/phaas-takedown-thumb.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li><span class=\"rte-red-bullet\">The operations of phishing-as-a-service (PhaaS)&nbsp;platform&nbsp;Tycoon&nbsp;2FA&nbsp;was taken offline this week&nbsp;by the combined effort of law&nbsp;enforcement&nbsp;that includes&nbsp;Europol and other partner&nbsp;agencies, as well as private industry organizations including CloudFlare, Coinbase, Crowell,&nbsp;eSentire, Health-ISAC, Intel471, Microsoft, Proofpoint,&nbsp;Resecurity, The Shadowserver Foundation,&nbsp;SpyCloud, and TrendAI\u2122. Experts from Trend AI\u2122&nbsp;supported&nbsp;the operation&nbsp;with threat intelligence, infrastructure mapping, and actor attribution.<\/span><\/li>\n<li><span class=\"rte-red-bullet\">Tycoon 2FA&nbsp;uses adversary-in-the-middle (AitM) proxying to bypass&nbsp;traditional&nbsp;multi-factor authentication (MFA)&nbsp;and capture session cookies in real&nbsp;time.&nbsp;The subscription model&nbsp;offered by the service&nbsp;lowers the barrier to entry for criminals by removing the need to build infrastructure, develop tooling, or understand the mechanics of&nbsp;AitM&nbsp;attacks.&nbsp;<\/span><\/li>\n<li><span class=\"rte-red-bullet\">Tycoon 2FA&nbsp;operations&nbsp;highlight that traditional MFA without phishing-resistant protections can be bypassed via&nbsp;AitM&nbsp;attacks and how&nbsp;PhaaS&nbsp;campaigns can have cascading impact well beyond the original victim, as stolen sessions and accounts can be reused, resold, and repurposed.<\/span><\/li>\n<li><span class=\"rte-red-bullet\">This blog offers solutions and recommendations to help organizations&nbsp;defend against phishing attacks.&nbsp;TrendAI\u2122&nbsp;continues&nbsp;to&nbsp;monitor&nbsp;for the&nbsp;resurfacing of the&nbsp;service and&nbsp;will support&nbsp;ongoing law enforcement efforts, including&nbsp;further&nbsp;investigation of&nbsp;known users to protect customers.<\/span><\/li>\n<\/ul>\n<p>A coordinated disruption effort seized&nbsp;this&nbsp;week&nbsp;the&nbsp;infrastructure tied to&nbsp;the operations of&nbsp;phishing-as-a-service (PhaaS)&nbsp;Tycoon 2FA.&nbsp;Over 300 domains tied to&nbsp;Tycoon 2FA were&nbsp;seized in an operation&nbsp;led by&nbsp;Microsoft and Europol&nbsp;and&nbsp;supported by&nbsp;other law enforcement agencies, as well as private organizations such as CloudFlare, Coinbase, Crowell,&nbsp;eSentire, Health-ISAC, Intel471, Proofpoint,&nbsp;Resecurity, The Shadowserver Foundation,&nbsp;SpyCloud, and&nbsp;TrendAI\u2122.&nbsp;<\/p>\n<p>Researchers&nbsp;from&nbsp;TrendAI\u2122&nbsp;have been tracking the infrastructure, as well as&nbsp;the&nbsp;campaigns&nbsp;and operator behaviors&nbsp;that can be linked to&nbsp;Tycoon 2FA&nbsp;to build a clearer picture of how&nbsp;its&nbsp;services&nbsp;was being used at scale. By November 2025,&nbsp;TrendAI\u2122&nbsp;had collected enough data to link the operation to an actor using the monikers&nbsp;\u201cSaaadFridi\u201d&nbsp;and&nbsp;\u201cMr_Xaad\u201d,&nbsp;likely&nbsp;the&nbsp;developer\/operator of&nbsp;Tycoon 2FA.<\/p>\n<p>Historical activity showed this actor previously focused on web defacements before moving into building and running&nbsp;this&nbsp;phishing toolkit.&nbsp;Intelligence gathered by&nbsp;TrendAI\u2122 also included&nbsp;details on tooling, infrastructure, and activity patterns, which&nbsp;was shared with Europol to support law enforcement action.<\/p>\n<p>Tycoon 2FA&nbsp;first appeared in August 2023 as a&nbsp;PhaaS&nbsp;kit designed to bypass multi-factor authentication (MFA).&nbsp;Aside from&nbsp;stealing usernames and passwords, it&nbsp;also&nbsp;uses an adversary-in-the-middle (AitM) proxy that sits between the victim and the real log&nbsp;in page, allowing it to capture credentials, MFA codes, and session cookies in real time. Attackers can then replay those session cookies to take over accounts even when MFA is enabled.&nbsp;<\/p>\n<p>The&nbsp;PhaaS&nbsp;platform has approximately 2,000 users as of writing. Research and monitoring show that it has used over 24,000 domains since it first appeared in 2023. Its&nbsp;kit has been&nbsp;reported by&nbsp;<a href=\"https:\/\/www.proofpoint.com\/us\/blog\/email-and-cloud-threats\/tycoon-2fa-phishing-kit-mfa-bypass\">Proofpoint<\/a>&nbsp;to have been used&nbsp;in large-scale campaigns targeting Microsoft 365&nbsp;and Google.<\/p>\n<p>Tycoon 2FA&nbsp;stood&nbsp;out as a platform for its scale and accessibility:&nbsp;its&nbsp;ready-to-use phishing toolkit provided&nbsp;attackers with fake login pages, a proxy layer, and basic campaign tooling with minimal setup&nbsp;required. Newer&nbsp;<a href=\"https:\/\/www.scworld.com\/news\/tycoon-2fa-phishing-kit-adds-stealth-expands-to-mobile-devices\">versions<\/a>&nbsp;have added simple evasion features to deter bots and hinder analysis, making&nbsp;detection and takedown efforts more difficult. These&nbsp;service features and modifications fit into a broader trend where phishing kits are becoming cheaper, more accessible, and easier to&nbsp;operate&nbsp;even for low-skill attackers.&nbsp;<\/p>\n<p> Read More <a href=\"https:\/\/www.trendmicro.com\/en_us\/research\/26\/c\/tycoon2fa-takedown.html\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tycoon 2FA was dismantled this week by law enforcement and industry partners including TrendAI\u2122. The phishing-as-a-service platform offered MFA bypass services using adversary-in-the-middle (AitM) proxying. Read More HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[61],"tags":[9510,9511,9534,9577,9509],"class_list":["post-60258","post","type-post","status-publish","format-standard","hentry","category-trendmicro","tag-trend-micro-research-articles-news-reports","tag-trend-micro-research-cyber-threats","tag-trend-micro-research-latest-news","tag-trend-micro-research-phishing","tag-trend-micro-research-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Europol, Microsoft, TrendAI\u2122 and Collaborators Halt Tycoon 2FA Operations 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security &amp; Cyber Threats Analysis 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