VERY IMPORTANT

Mirage2FA is an active phishing-as-a-service toolkit built to steal Microsoft 365 credentials and authenticated sessions through Adversary-in-the-Middle attacks. Analysis shows 63.7% of identified victims are in the US, with Technology, Manufacturing, and Education among the most targeted industries. The operation generated thousands of compromise events between 2024 and 2026, including stolen session cookies, passwords, and SSO access. Once a Microsoft 365 session is hijacked, attackers gain access to corporate email, sensitive data, and trusted business accounts. The toolkit uses browser-based delivery through .htm, .xhtml, and .svg stagers, QR codes, JavaScript obfuscation, and WebSocket-based AiTM activity. Of 9,426 unique targeted email addresses, 4,532 were potentially compromised, representing approximately 48% success rate.