PhaaS, or Phishing-as-a-Service, is a criminal business model where cybercriminals offer ready-made phishing tools, kits, and services for rent or sale. This allows even those with limited technical skills to launch sophisticated phishing attacks by purchasing access to phishing platforms, templates, and infrastructure. PhaaS operators often provide customer support, updates, and even analytics to help clients maximize the effectiveness of their campaigns. This model lowers the barrier to entry for cybercrime, making phishing attacks more widespread and harder to trace. PhaaS is a growing threat in the cybersecurity landscape, as it enables rapid deployment and scaling of phishing operations.