Key Findings Tycoon 2FA, a prominent Phishing-as-a-Service (PhaaS) platform, was dismantled by a coalition of law enforcement agencies and security companies led by Europol. The subscription-based phishing kit, which emerged in August 2023, was described as one of the largest phishing operations worldwide. Tycoon 2FA's primary developer is alleged to be Saad Fridi, who is said to be based in Pakistan. The platform enabled thousands of cybercriminals to covertly access email a