The FBI advisory on Kali365 marks a clear inflection point in adversary tradecraft: the full commoditization of Microsoft 365 compromise via legitimate OAuth flows. Unlike credential-harvesting kits of the past, Kali365 supplies AI-generated lures, automated campaign orchestration, and real-time token dashboards that allow even low-skill operators to obtain persistent mailbox access without ever touching passwords or MFA prompts. This model directly mirrors the evolution seen in earlier phishing-as-a-service platforms documented by Proofpoint in its 2025 reports on EvilProxy and similar intermediaries, yet mainstream coverage has continued to frame these incidents as isolated social-engineering events rather than industrialized supply chains. Arctic Wolf’s post-incident telemetry from April 2026 campaigns further reveals downstream monetization paths—token reuse for BEC keyword monitoring and malicious inbox rules—that extend dwell time far beyond typical credential-theft operations. The platform’s tiered pricing ($250–$2,000) and multi-language lure generation indicate a maturing criminal market that lowers barriers while concentrating technical risk in reusable access artifacts. Government and enterprise reliance on M365 for core communications creates concentrated blast radius; token persistence effectively bypasses endpoint detection in environments where conditional access policies remain inconsistently applied. This threat vector intersects with broader patterns of state-adjacent and criminal convergence observed in recent Microsoft disruptions of similar services, underscoring how defensive focus on password hygiene alone now systematically underestimates the attack surface.