Scammers Abuse Frame.io Notifications to Steal Microsoft 365 Credentials

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Ocean Security found a phishing campaign, dubbed Phantom Preview, that abused legitimate Frame.io notifications and hidden PDF links to deliver fake Microsoft 365 login pages.

Cybersecurity researchers at Ocean Security identified a targeted adversary-in-the-middle (AiTM) phishing campaign on August 27, 2026, that abused Adobe Frame.io‘s legitimate share notifications to evade conventional email security checks.

Dubbed Phantom Preview, the campaign used a PDF to conceal a link to a fake Microsoft 365 login page that sent 22 emails to a single enterprise tenant within two hours. The messages came from the legitimate address notifications@frame.io using the subject line “Jason Pitts shared ‘BTF Project’ with you,” making them appear to be routine file-sharing notifications.

The initial link led to Frame.io‘s genuine platform, where the shared PDF appeared as a non-clickable preview. The research,shared with Hackread.com, explains that this prevented the scanners investigating the share page from readily identifying...

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