Europol-Led Operation Takes Down Tycoon 2FA Phishing-as-a-Service Linked to 64,000 Attacks
Mar 05, 2026
Email Security / Cybercrime
Tycoon 2FA , one of the prominent phishing-as-a-service (PhaaS) toolkits that allowed cybercriminals to stage adversary-in-the-middle (AitM) credential harvesting attacks at scale, was dismantled by a coalition of law enforcement agencies and security companies. The subscription-based phishing kit , which first emerged in August 2023 , was described by Europol as one of the largest phishing operations worldwide. The kit was sold via Telegram and Signal for a starting price of $120 for 10 days or $350 for access to a web-based administration panel for a month. Tycoon 2FA's primary developer is alleged to be Saad Fridi , who is said to be based in Pakistan. The panel serves as a hub for configuring, tracking, and refining campaigns. It features pre‑built templates, attachment files for common lure formats, domain and hosting configuration, redirect logic, and victim tracking. Operators can also configure how the malicious content is delivered through attachments, as well as kee...