In this episode of the Microsoft Threat Intelligence Podcast, host⁠ ⁠⁠Sherrod DeGrippo sits down with Aurora Johnson of SpyCloud and Amitai Cohen of Wiz ahead of SleuthCon to explore two rapidly changing corners of the cybercrime landscape.  

Aurora breaks down the highly organized Chinese-language smishing ecosystem, revealing how phishing operations, fraud networks, and cash-out schemes work together like a mature business.  

Amitai examines the growing threat to software supply chains, explaining how groups like Team PCP are exploiting CI/CD pipelines, open-source dependencies, and AI-assisted malware development.  

Together, they discuss the industrialization of cybercrime, the role of automation and AI, and why defenders must rethink how they secure today's interconnected digital ecosystem.  

In this episode you’ll learn:      

Why cybercrime ecosystems now operate like sophisticated businesses 

How NFC relay attacks are being used to cash out stolen credit card data 

The role Telegram marketplaces play in modern fraud operations 

Some questions we ask:     

How industrialized has modern cybercrime become? 

What clues suggest threat actors are using AI to create malware? 

What are defenders missing about CI/CD pipelines as an attack surface? 

Resources:  

View Aurora Johnson on LinkedIn  

View Amitai Cohen on LinkedIn  

View Sherrod DeGrippo on LinkedIn  

Related Microsoft Podcasts:                   

The BlueHat Podcast 

Uncovering Hidden Risks     

Discover and follow other Microsoft podcasts at microsoft.com/podcasts  

Get the latest threat intelligence insights and guidance at Microsoft Security Insider 

The Microsoft Threat Intelligence Podcast is produced by Microsoft, Hangar Studios and distributed as part of N2K media network. 

In this episode of the Microsoft Threat Intelligence Podcast, host⁠ ⁠⁠Sherrod DeGrippo is joined by Allie Luhrs and Mario Samolis from Microsoft Security to explore the growing threat of open source software supply chain attacks. They discuss how malicious NPM packages, compromised developer ecosystems, AI-generated attacks, and software dependency risks are reshaping modern incident response, while sharing insights from their recent presentation at BlueHat IL 2025.  

In this episode you’ll learn:      

How attackers are targeting open source software ecosystems at scale 

Why AI is accelerating both cyberattacks and threat detection 

What was uncovered during their BlueHat presentation on modern software supply chain attacks 

Some questions we ask:     

What patterns did you uncover in NPM attack campaigns? 

Should developers rely on dependencies or build everything themselves? 

Why should organizations pay closer attention to open source security risks? 

Resources:  

View Allie Luhrs on LinkedIn  

View Mario Samolis on LinkedIn  

View Sherrod DeGrippo on LinkedIn  

Related Microsoft Podcasts:                   

Afternoon Cyber Tea with Ann Johnson 

The BlueHat Podcast 

Uncovering Hidden Risks     

Discover and follow other Microsoft podcasts at microsoft.com/podcasts  

Get the latest threat intelligence insights and guidance at Microsoft Security Insider 

The Microsoft Threat Intelligence Podcast is produced by Microsoft, Hangar Studios and distributed as part of N2K media network. 

In this episode of the Microsoft Threat Intelligence Podcast, host⁠ ⁠⁠Sherrod DeGrippo joins researchers from Huntress to break down the rise of EvilTokens, an AI-powered phishing-as-a-service platform designed to bypass MFA and automate credential theft at scale. Together, they explore how attackers are leveraging legitimate authentication flows, trusted infrastructure, and AI-generated phishing lures to blend malicious activity into normal enterprise traffic. The conversation also examines how modern phishing operations have evolved into highly professionalized cybercrime ecosystems and what defenders must do to adapt their identity security strategies.  

In this episode you’ll learn:      

How EvilTokens bypasses MFA using device code phishing 

Why AI-powered phishing campaigns are harder to detect 

What makes modern phishing kits highly scalable and automated 

Some questions we ask:     

What role does trusted infrastructure play in these attacks? 

Why are traditional phishing defenses struggling against these tactics? 

How are modern phishing kits becoming more professionalized? 

Resources:  

Watch the LinkedIn live recording 

Read Huntress’ related research 

View Lindsay O’Donnell-Welch on LinkedIn 

View Jamie Levy on LinkedIn 

View Sherrod DeGrippo on LinkedIn  

Related Microsoft Podcasts:                   

Security Insider Conversations 

The BlueHat Podcast 

Uncovering Hidden Risks     

Discover and follow other Microsoft podcasts at microsoft.com/podcasts  

Get the latest threat intelligence insights and guidance at Microsoft Security Insider 

The Microsoft Threat Intelligence Podcast is produced by Microsoft, Hangar Studios and distributed as part of N2K media network. 

This week on the Microsoft Threat Intelligence Podcast, host⁠ ⁠⁠Sherrod DeGrippo speaks with Danny Adamitis, Distinguished Engineer at Lumen Technologies’ Black Lotus Labs who break down how the Russian state-linked threat actor Forest Blizzard is exploiting home and small office routers to hijack DNS traffic, enabling large-scale surveillance and targeted credential theft. The conversation highlights how this low-cost approach scales globally, why unmanaged routers have become a critical weak point, and how tactics, from brute force to token theft to DNS hijacking continue to evolve. 

In this episode you’ll learn:      

How Forest Blizzard exploits home routers to intercept DNS traffic 

Why unmanaged routers are a major blind spot in modern security 

How tactics have evolved from brute force to token-based access 

Some questions we ask:     

What defines Forest Blizzard and how they operate? 

How does this impact machine-to-machine or service account security? 

What are the broader third-party or downstream risks? 

Resources:  

View Danny Adamitis on LinkedIn  

View Sherrod DeGrippo on LinkedIn  

Justice Department Conducts Court-Authorized Disruption of DNS Hijacking Network Controlled by a Russian Military Intelligence Unit 

FrostArmada: All thriller, no (malware) filler 

Discover and follow other Microsoft podcasts at microsoft.com/podcasts  

Get the latest threat intelligence insights and guidance at Microsoft Security Insider 

The Microsoft Threat Intelligence Podcast is produced by Microsoft, Hangar Studios and distributed as part of N2K media network. 

In this episode of the Microsoft Threat Intelligence Podcast, host⁠ ⁠⁠Sherrod DeGrippo speaks with Maurice Mason and Jackie Burns-Koven to explore how cybercrime has shifted into a highly organized, marketplace-driven ecosystem. They break down the growing convergence between criminal networks and nation-state actors, highlighting how shared tools, infrastructure, and cryptocurrency have blurred traditional boundaries. 

The conversation dives into the rise of as-a-service cybercrime models, where access, malware, and infrastructure can be easily bought and sold, lowering barriers to entry and increasing attack volume. They also examine how blockchain intelligence is becoming a critical tool for tracking illicit activity, improving attribution, and disrupting operations. 

In this episode you’ll learn:      

How cybercrime has evolved into a scalable, marketplace-driven ecosystem 

Why initial access brokers are lowering the barrier to entry for attackers 

How proactive disruption and collaboration can reduce ransomware impact and payments 

Some questions we ask:     

What role does crypto intelligence play in prevention and detection? 

Why are threat actors shifting to alternative cryptocurrencies? 

How can defenders better protect themselves against these threats? 

Resources:  

View Maurice Mason on LinkedIn  

View Jackie Burns-Koven on LinkedIn  

View Sherrod DeGrippo on LinkedIn  

Related Microsoft Podcasts:                   

Afternoon Cyber Tea with Ann Johnson 

The BlueHat Podcast 

Uncovering Hidden Risks     

Discover and follow other Microsoft podcasts at microsoft.com/podcasts  

Get the latest threat intelligence insights and guidance at Microsoft Security Insider 

The Microsoft Threat Intelligence Podcast is produced by Microsoft, Hangar Studios and distributed as part of N2K media network. 

In this episode of the Microsoft Threat Intelligence Podcast, host⁠ ⁠⁠Sherrod DeGrippo speaks with Cynthia Kaiser to unpack the progression of ransomware from isolated attacks into a sophisticated global criminal ecosystem. Drawing on her two decades at the FBI and current role at Halcyon, Cynthia explains how cybercrime has scaled through organized networks, improved tactics, and increasing speed, with some attacks now unfolding in under an hour.  

The conversation explores how law enforcement strategies have shifted from targeting low-level actors to disrupting entire ecosystems, leading to more impactful takedowns. Cynthia also highlights the real-world consequences of ransomware, including its growing impact on critical infrastructure like hospitals and the potential for loss of life. The episode examines how AI is shaping both attacker and defender capabilities, accelerating phishing and access while also enabling stronger defensive responses.  

In this episode you’ll learn:      

How ransomware evolved into a global organized criminal ecosystem 

Why modern ransomware attacks are faster, more scalable, and harder to stop 

The real-world impact of ransomware, including risks to critical infrastructure 

Some questions we ask:     

How has ransomware shifted into a larger ecosystem over time? 

What are companies getting wrong about cyber insurance and recovery? 

Are autonomous AI-driven attacks a real threat yet? 

Resources:  

View Cynthia Kaiser on LinkedIn 

View Sherrod DeGrippo on LinkedIn  

Related Microsoft Podcasts:                   

Afternoon Cyber Tea with Ann Johnson 

The BlueHat Podcast 

Uncovering Hidden Risks     

Discover and follow other Microsoft podcasts at microsoft.com/podcasts  

Get the latest threat intelligence insights and guidance at Microsoft Security Insider 

The Microsoft Threat Intelligence Podcast is produced by Microsoft, Hangar Studios and distributed as part of N2K media network. 

In this episode of the Microsoft Threat Intelligence Podcast, host⁠ ⁠⁠Sherrod DeGrippo speaks with Jarrod Forgues Schlenker of the FBI’s Cyber Division about the pattern's investigators see in cyber incidents and how initiatives like Operation Winter Shield aim to close the gap between knowing what to do and actually implementing it.  

They discuss the importance of foundational controls like phishing-resistant authentication, secure logging, and strong identity protection, as well as the role threat intelligence and prevention play in strengthening organizational defenses. The conversation highlights how small, practical security improvements can significantly disrupt attackers and help organizations reduce risk before an incident occurs. 

In this episode you’ll learn:      

How the FBI identifies recurring patterns in cyber-attacks across investigations 

Why phishing-resistant authentication and MFA are critical for stopping credential theft 

What Operation Winter Shield is and how it encourages organizations to move from awareness to action 

 Some questions we ask:     

Which security control themes in the program stand out to you the most? 

Why are log retention and protection so critical during investigations? 

How can threat intelligence programs help organizations strengthen their defenses? 

Resources:  

View Jarrod Forgues Schlenker on LinkedIn

View Sherrod DeGrippo on LinkedIn  

Related Microsoft Podcasts:                   

Afternoon Cyber Tea with Ann Johnson 

The BlueHat Podcast 

Uncovering Hidden Risks     

Discover and follow other Microsoft podcasts at microsoft.com/podcasts  

Get the latest threat intelligence insights and guidance at Microsoft Security Insider 

The Microsoft Threat Intelligence Podcast is produced by Microsoft, Hangar Studios and distributed as part of N2K media network. 

In this episode of the Microsoft Threat Intelligence Podcast, host⁠ ⁠⁠Sherrod DeGrippo is joined by Greg Schlomer and Vlad H. to discuss new research on Jasper Sleet, a North Korean–aligned threat actor incorporating AI into active operations. 

The conversation examines how AI is being integrated across the attack lifecycle — from highly tailored phishing lures and fabricated job applicant personas to accelerating malware development and refining operational workflows. Rather than treating AI as a novelty, Jasper Sleet is using it to increase speed, scale, and adaptability while reducing many of the friction points that once slowed campaigns. 

They also explore what this shift means for defenders. As AI compresses iteration cycles and lowers barriers to entry, traditional attribution signals evolve, influence operations become more convincing, and defensive teams must tighten the loop between intelligence, detection, and response. This is less about experimentation and more about the operationalization of AI as part of modern tradecraft. 

In this episode you’ll learn:      

How AI is changing the speed at which cyber operations evolve 

Why jailbreaking AI models is often trivial for motivated adversaries 

 The strategic implications of AI leveling the playing field between threat actors 

Some questions we ask:     

Is there resistance among experienced malware authors to adopting AI? 

Are we seeing fully AI-written malware in the wild? 

What stands out about Jasper Sleet’s use of AI? 

Resources:  

View Greg Schloemer on LinkedIn  

View Sherrod DeGrippo on LinkedIn  

Related Microsoft Podcasts:                   

Afternoon Cyber Tea with Ann Johnson 

The BlueHat Podcast 

Uncovering Hidden Risks     

Discover and follow other Microsoft podcasts at microsoft.com/podcasts  

Get the latest threat intelligence insights and guidance at Microsoft Security Insider 

The Microsoft Threat Intelligence Podcast is produced by Microsoft, Hangar Studios and distributed as part of N2K media network. 

In this episode of the Microsoft Threat Intelligence Podcast, Sherrod DeGrippo speaks with Microsoft security and AI researchers Giorgio Severi and Noam Kochavi about a newly observed trend in AI abuse: recommendation poisoning through memory manipulation. 

While looking into prompt injection and reprompt-style behaviors, the team uncovered something quieter but potentially more persistent—websites embedding hidden instructions inside Summarize with AI links that attempt to influence what an AI assistant remembers and recommends over time. 

Rather than focusing on immediate exploitation, this technique aims to shape long-term behavior inside AI systems. Giorgio and Noam explain how it works, why it’s spreading across industries, where legitimate marketing tactics can blur into security risk, and what defenders and users should understand about managing AI memory in an increasingly agent-driven environment. 

In this episode you’ll learn:      

How AI memory poisoning differs from traditional prompt injection 

Why legitimate businesses are using memory manipulation tactics 

What threat hunters can look for inside enterprise telemetry 

 Some questions we ask:     

How is memory poisoning different from prompt injection? 

What are the long-term risks of embedding bias into AI memory? 

Could this technique be used for more harmful influence beyond marketing? 

Resources:  

View Giorgio Severi on LinkedIn  

View Noam Kochavi on LinkedIn  

View Sherrod DeGrippo on LinkedIn  

Related Microsoft Podcasts:                   

Afternoon Cyber Tea with Ann Johnson 

The BlueHat Podcast 

Uncovering Hidden Risks     

Discover and follow other Microsoft podcasts at microsoft.com/podcasts  

Get the latest threat intelligence insights and guidance at Microsoft Security Insider 

The Microsoft Threat Intelligence Podcast is produced by Microsoft, Hangar Studios and distributed as part of N2K media network. 

In this episode of the Microsoft Threat Intelligence Podcast, host⁠ ⁠⁠Sherrod DeGrippo is joined by Microsoft security researchers Megan Stalling and Anna Seitz to examine how financially motivated threat actors are using familiar, low-complexity techniques to drive real-world impact across the financial services sector. 

They examine Storm-0727, a financially motivated threat actor targeting cryptocurrency, financial services, and government entities, highlighting how simple techniques like financial-themed lures, macro-enabled documents, and credential theft allow attackers to quietly establish and maintain access. The conversation then expands to broader financial-services threat trends, including business email compromise, ransomware with data extortion, phishing-as-a-service, and why social engineering and unpatched vulnerabilities continue to succeed even in mature security environments. 

In this episode you’ll learn:      

How credential theft helps attackers maintain persistence 

Why social engineering works even in well-secured environments 

How Storm-0727 targets financial services and cryptocurrency organizations 

Some questions we ask:     

What happens after a victim opens a macro-enabled document used by Storm-0727? 

How are phishing as a service platforms changing the threat landscape? 

What major threat trends are currently shaping the financial services sector? 

Resources:  

View Megan Stalling on LinkedIn  

View Anna Seitz on LinkedIn  

View Sherrod DeGrippo on LinkedIn  

Related Microsoft Podcasts:                   

Afternoon Cyber Tea with Ann Johnson 

The BlueHat Podcast 

Uncovering Hidden Risks     

Discover and follow other Microsoft podcasts at microsoft.com/podcasts  

Get the latest threat intelligence insights and guidance at Microsoft Security Insider