INTERPOL’s Operation Ramz dismantled cybercriminal infrastructure across 13 Middle East and North Africa countries, resulting in 200+ arrests and seizure of 53 servers supporting phishing, malware distribution, and investment fraud operations. A Phishing-as-a-Service platform in Algeria was taken down, lowering the barrier for regional threat actors to launch credential-harvesting campaigns against global targets. Organizations with customers, partners, or operations in MENA face reduced near-term phishing risk from these specific operators, though successor infrastructure is likely.