'Jingle Thief' Exploits Cloud to Steal Gift Cards at Scale
🔒Researchers detail a threat cluster called Jingle Thief that leverages phishing and smishing to harvest credentials and compromise cloud environments of retailers and consumer services to issue unauthorized gift cards. Palo Alto Networks Unit 42 links the activity to financially motivated actors and notes coordinated campaigns in April-May 2025. The attackers favor identity misuse over malware, persistently mapping tenants, abusing Microsoft 365 services, and minimizing logs to sustain large-scale fraud.
