As phishing-as-a-service goes industrial, Microsoft takes down a marketplace behind 1 billion messages
Microsoft dismantled YAM Store, a phishing marketplace tied to more than one billion malicious messages.
Microsoft's Digital Crimes Unit says it dismantled YAM Store, a Chinese-language phishing-as-a-service marketplace, after a nearly year-long investigation that began with a late-2025 tip from Japan's National Police Agency. The marketplace and kits including Iron Man System, CoGUI, and Haozi enabled more than 1 billion malicious messages to over 75,000 organizations, including more than 750 million sent to Microsoft customers, and generated tens of millions of dollars. Customers bought fraudulent Microsoft and Google accounts, expired-domain infrastructure, and more than 2,300 lure templates impersonating organizations in over 150 countries. Partners included Resecurity, Cloudflare, Oracle, Proofpoint, and TRM Labs.