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'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.

Jingle Thief: Inside a Cloud Gift Card Fraud Campaign

🔍Unit 42 details the Jingle Thief campaign, a Morocco‑based, financially motivated operation that uses phishing and smishing to harvest Microsoft 365 credentials and abuse cloud services to commit large‑scale gift card fraud. The actors maintain prolonged, stealthy access for reconnaissance across SharePoint, OneDrive and Exchange, and rely on internal phishing, inbox rules and rogue device enrollment in Entra ID to persist and issue unauthorized cards. The report (cluster CL‑CRI‑1032) links the activity to Atlas Lion/STORM‑0539 and emphasizes identity‑centric detections and mitigations.