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2 PhaaS 2 Furious: The Evolution of Chinese-Language Phishing Services

May 25, 2026 · Google Cloud Security · Severity: HIGH

While Russian-speaking threat actors have historically dominated the phishing-as-a-service (PhaaS) landscape, a rival ecosystem is rapidly growing within the Chinese-language underground.

Key Takeaways

  • While Russian-speaking threat actors have historically dominated the phishing-as-a-service (PhaaS) landscape, a.
  • This shift—combined with the use of encrypted delivery channels like RCS and iMessage to bypass traditional carrier.
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