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Follow-on activity included Microsoft Graph API reconnaissance and attempts to add additional credentials on the related service principal in target tenants to maintain direct access as a backdoor.
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We will continue to monitor this incident and will share updates as they become available. We encourage customers to check ConnectWise advisory for more information and additional guidance: msft.it/63322aQBLq.
The credential-addition step has a preventive control: an app management policy can restrict passwordCredentials on applications and service principals, per the Graph docs. It does nothing about consent already granted - which is the way in here - but it closes that backdoor.