Unmasking EvilTokens: Getting to the root of device code phishing

By Microsoft Threat Intelligence, Microsoft Defender Experts, Microsoft Security Research Following its emergence in February 2026, EvilTokens quickly became one of the most widely used phishing-as-a-service (PhaaS) platforms, providing cybercriminals with AI capabilities for tailoring phishing lures and analyzing compromised inboxes to identify high-value targets. This AI-powered cybercrime platform facilitated sophisticated business email compromise (BEC) campaigns that compromised more than 12,000 inboxes in over 10,000 organizations w…