A sophisticated phishing campaign has compromised approximately 20,000 Microsoft Azure accounts in Europe, primarily targeting manufacturing companies. The attackers used HubSpot’s Free Form Builder to create deceptive forms and DocuSign files, which were used in phishing emails to steal Microsoft Azure login credentials. This operation spanned from June to September 2024 and mainly affected firms in the automotive, chemical, and industrial sectors in Germany and the UK. The attackers aimed for long-term presence in the Azure cloud environments.