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Home Technology

Microsoft tops phishing hit list as cybercriminals hunt login credentials

by Joy Agwunobi
January 22, 2026
in Technology
Microsoft shuts down Nigeria-linked phishing service RaccoonO365

Joy Agwunobi 

Microsoft emerged as the most impersonated brand in phishing attacks during the fourth quarter of 2025, accounting for nearly a quarter of all detected brand-based phishing attempts worldwide, according to data released by Check Point Research.

The cybersecurity research group reported that Microsoft was mimicked in 22 percent  of global phishing campaigns for the period. Following closely were Google at 13 percent, Amazon at 9 percent , and Apple at 8 percent. Facebook re-entered the top 10 list in fifth place with 3 percent, while PayPal, Adobe, and Booking each accounted for 2 percent. DHL and LinkedIn rounded out the ranking with 1 percent each.

Check Point Research noted that the findings continue a recurring trend in which cyber attackers target widely used consumer and workplace platforms. These campaigns are primarily designed to steal login credentials, providing attackers with a pathway to compromise additional accounts or sensitive data.

Amazon’s increased ranking reflected heightened activity during peak retail periods, particularly Black Friday and the holiday shopping season. Meanwhile, Microsoft and Google’s consistent presence at the top underscored the high value of credentials associated with productivity tools and cloud services, which can facilitate deeper breaches of consumer and corporate accounts. Facebook’s return to the top 10 was attributed to a renewed focus on social media account access and identity theft.

The report highlighted the adaptive nature of phishing campaigns, noting that cybercriminals often switch between brands with strong user trust, including those in payments, travel, and logistics.

Check Point Research detailed several illustrative campaigns. One targeted Roblox users through a lookalike domain that mimicked the brand name with a subtle letter change. Visitors were presented with a Roblox-themed game page featuring realistic visuals and a “Play” button, followed by a second-stage page replicating the official login interface. Users who entered their credentials were unknowingly providing attackers with full account access.

Another campaign impersonated Netflix, using the domain netflix-account-recovery[.]com. The phishing site mirrored Netflix’s login and account recovery process, prompting users for email addresses, phone numbers, and passwords, enabling potential account takeovers and downstream fraud.

A Facebook-themed phishing page was also observed, hosted on facebook-cm[.]github[.]io and delivered via email in Spanish. The site replicated Facebook’s login portal, harvesting email addresses, phone numbers, and passwords for unauthorised access and subsequent exploitation.

The research group explained that brand phishing remains highly effective due to the use of familiar digital services, subtle lookalike domains, professionally designed pages, and multi-stage flows that appear legitimate. Campaigns frequently exploit emotional triggers, such as urgency, reward, or brand familiarity, to compel users to act quickly.

Commenting on the findings, Omer Dembinsky, data research manager at Check Point Research, said: “Phishing campaigns are becoming increasingly sophisticated, leveraging polished visuals, AI-generated content, and convincing domain lookalikes. The fact that Microsoft and Google remain top targets illustrates the high value of identity-based access for attackers.”

“Meanwhile, the return of brands like Facebook and PayPal demonstrates the adaptability of cybercriminals, who shift toward platforms where trust and urgency can be exploited. Organisations must adopt a prevention-first approach, combining AI-driven detection, robust authentication, and continuous user awareness to counter these evolving threats,” Dembinsky added.

Check Point Research emphasised that identity continues to be a primary attack surface in cloud-driven environments, with phishing serving as a common entry point for both consumer fraud and enterprise security breaches.

Joy Agwunobi
Joy Agwunobi
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Methane rules spread across 67% of global production as Nigeria faces compliance test 

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October 17, 2026
Onafriq, a pan-African payments company, is set to discontinue its Baxi agent banking business in Nigeria after five years, citing naira depreciation, rising operating costs and intensifying competition that have weakened the segment’s profitability. The planned shutdown will affect the agent banking operations conducted through Baxi under Onafriq Nigeria Payments Limited. However, the decision does not signal the company’s withdrawal from Nigeria, as it intends to retain its cross-border payments network and card issuing services in the country. In a statement, Onafriq said changes in Nigeria’s operating environment since 2024 had significantly altered the economics of its offline agent banking business, making the existing model unsustainable. The move marks a strategic shift for the company, which entered Nigeria’s agent banking market to expand access to financial services through a network of agents providing transaction services outside traditional bank branches. Onafriq attributed the decision to a combination of macroeconomic pressures and structural changes in the country’s payments industry. According to the company, naira depreciation and inflation have affected transaction volumes, increased operating expenses and undermined the sustainability of its agent banking operations. The growing adoption of instant account-to-account transfers has also changed the mix of transactions handled by agents, while heightened competition among payment service providers has put further pressure on margins. These developments have made it increasingly difficult for the business to remain viable under its existing operating structure, prompting the company to reassess its long-term strategy. Dare Okoudjou, founder and chief executive officer of Onafriq, said the decision to close the business was difficult, particularly given the efforts of employees, agents and business partners who helped build the Baxi network. “We entered Nigeria with conviction and commitment, but did not achieve the outcome we set out for. Closing this business was a difficult decision to arrive at, one that affects colleagues, agents, and business partners across Nigeria who poured their hearts and soul into building out the Baxi network,” Okoudjou said. Despite the closure, he reaffirmed the company’s commitment to the Nigerian market, noting that the group would continue to serve customers through its payments network and card issuing operations. Onafriq entered Nigeria’s agent banking market in 2021 through the acquisition of Baxi, also known as Capricorn Digital Limited. The company said it continued investing in the business through 2023, with efforts focused on expanding and strengthening its agent network. However, a subsequent review of the business’s long-term prospects and financial sustainability led to the decision to wind down the operation. As part of the transition, Onafriq said agents onboarded through the Baxi platform had been moved to another principal bank, a step intended to facilitate continuity for the affected agents. The company has also directed agents to transfer their funds to their preferred principal bank within 30 days, adding that its teams would provide support throughout the transition process. Employees whose roles are linked to the agent banking business will also be consulted and supported during the wind-down, with Onafriq pledging to treat affected workers fairly.

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Methane rules spread across 67% of global production as Nigeria faces compliance test 

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October 17, 2026
Onafriq, a pan-African payments company, is set to discontinue its Baxi agent banking business in Nigeria after five years, citing naira depreciation, rising operating costs and intensifying competition that have weakened the segment’s profitability. The planned shutdown will affect the agent banking operations conducted through Baxi under Onafriq Nigeria Payments Limited. However, the decision does not signal the company’s withdrawal from Nigeria, as it intends to retain its cross-border payments network and card issuing services in the country. In a statement, Onafriq said changes in Nigeria’s operating environment since 2024 had significantly altered the economics of its offline agent banking business, making the existing model unsustainable. The move marks a strategic shift for the company, which entered Nigeria’s agent banking market to expand access to financial services through a network of agents providing transaction services outside traditional bank branches. Onafriq attributed the decision to a combination of macroeconomic pressures and structural changes in the country’s payments industry. According to the company, naira depreciation and inflation have affected transaction volumes, increased operating expenses and undermined the sustainability of its agent banking operations. The growing adoption of instant account-to-account transfers has also changed the mix of transactions handled by agents, while heightened competition among payment service providers has put further pressure on margins. These developments have made it increasingly difficult for the business to remain viable under its existing operating structure, prompting the company to reassess its long-term strategy. Dare Okoudjou, founder and chief executive officer of Onafriq, said the decision to close the business was difficult, particularly given the efforts of employees, agents and business partners who helped build the Baxi network. “We entered Nigeria with conviction and commitment, but did not achieve the outcome we set out for. Closing this business was a difficult decision to arrive at, one that affects colleagues, agents, and business partners across Nigeria who poured their hearts and soul into building out the Baxi network,” Okoudjou said. Despite the closure, he reaffirmed the company’s commitment to the Nigerian market, noting that the group would continue to serve customers through its payments network and card issuing operations. Onafriq entered Nigeria’s agent banking market in 2021 through the acquisition of Baxi, also known as Capricorn Digital Limited. The company said it continued investing in the business through 2023, with efforts focused on expanding and strengthening its agent network. However, a subsequent review of the business’s long-term prospects and financial sustainability led to the decision to wind down the operation. As part of the transition, Onafriq said agents onboarded through the Baxi platform had been moved to another principal bank, a step intended to facilitate continuity for the affected agents. The company has also directed agents to transfer their funds to their preferred principal bank within 30 days, adding that its teams would provide support throughout the transition process. Employees whose roles are linked to the agent banking business will also be consulted and supported during the wind-down, with Onafriq pledging to treat affected workers fairly.

Onafriq winds down Baxi as Nigeria’s agent banking economics worsen

October 17, 2026

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