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February 27, 2025

New Threat on the Prowl: Investigating Lynx Ransomware

Lynx ransomware, emerging in 2024, targets finance, architecture, and manufacturing sectors with phishing and double extortion. Read on for Darktrace's findings.
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
Justin Torres
Cyber Analyst
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27
Feb 2025

What is Lynx ransomware?

In mid-2024, a new ransomware actor named Lynx emerged in the threat landscape. This Ransomware-as-a-Service (RaaS) strain is known to target organizations in the finance, architecture, and manufacturing sectors [1] [2]. However, Darktrace’s Threat Research teams also identified Lynx incidents affecting energy and retail organizations in the Middle East and Asia-Pacific (APAC) regions. Despite being a relatively new actor, Lynx’s malware shares large portions of its source code with the INC ransomware variant, suggesting that the group may have acquired and repurposed the readily available INC code to develop its own strain [2].

What techniques does Lynx ransomware group use?

Lynx employs several common attack vectors, including phishing emails which result in the download and installation of ransomware onto systems upon user interaction. The group poses a sophisticated double extortion threat to organizations, exfiltrating sensitive data prior to encryption [1]. This tactic allows threat actors to pressure their targets by threatening to release sensitive information publicly or sell it if the ransom is not paid. The group has also been known to gradually release small batches of sensitive information (i.e., “drip” data) to increase pressure.

Once executed, the malware encrypts files and appends the extension ‘.LYNX’ to all encrypted files. It eventually drops a Base64 encoded text file as a ransom note (i.e., README.txt) [1]. Should initial file encryption attempts fail, the operators have been known to employ privilege escalation techniques to ensure full impact [2].

In the Annual Threat Report 2024, Darktrace’s Threat Research team identified Lynx ransomware as one of the top five most significant threats, impacting both its customers and the broader threat landscape.

Darktrace Coverage of Lynx Ransomware

In cases of Lynx ransomware observed across the Darktrace customer base, Darktrace / NETWORK identified and suggested Autonomous Response actions to contain network compromises from the onset of activity.  

Detection of lateral movement

One such Lynx compromise occurred in December 2024 when Darktrace observed multiple indicators of lateral movement on a customer network. The lateral movement activity started with a high volume of attempted binds to the service control endpoint of various destination devices, suggesting SMB file share enumeration. This activity also included repeated attempts to establish internal connections over destination port 445, as well as other privileged ports. Spikes in failed internal connectivity, such as those exhibited by the device in question, can indicate network scanning. Elements of the internal connectivity also suggested the use of the attack and reconnaissance tool, Nmap.

Indicators of compromised administrative credentials

Although an initial access point could not be confirmed, the widespread use of administrative credentials throughout the lateral movement process demonstrated the likely compromise of such privileged usernames and passwords. The operators of the malware frequently used both 'admin' and 'administrator' credentials throughout the incident, suggesting that attackers may have leveraged compromised default administrative credentials to gain access and escalate privileges. These credentials were observed on numerous devices across the network, triggering Darktrace models that detect unusual use of administrative usernames via methods like NTLM and Kerberos.

Data exfiltration

The lateral movement and reconnaissance behavior was then followed by unusual internal and external data transfers. One such device exhibited an unusual spike in internal data download activity, downloading around 150 GiB over port 3260 from internal network devices. The device then proceeded to upload large volumes of data to the external AWS S3 storage bucket: wt-prod-euwest1-storm.s3.eu-west-1.amazonaws[.]com. Usage of external cloud storage providers is a common tactic to avoid detection of exfiltration, given the added level of legitimacy afforded by cloud service provider domains.

Furthermore, Darktrace observed the device exhibiting behavior suggesting the use of the remote management tool AnyDesk when it made outbound TCP connections to hostnames such as:

relay-48ce591e[.]net[.]anydesk[.]com

relay-c9990d24[.]net[.]anydesk[.]com

relay-da1ad7b4[.]net[.]anydesk[.]com

Tools like AnyDesk can be used for legitimate administrative purposes. However, such tools are also commonly leveraged by threat actors to enable remote access and further compromise activity. The activity observed from the noted device during this time suggests the tool was used by the ransomware operators to advance their compromise goals.

The observed activity culminated in the encryption of thousands of files with the '.Lynx' extension. Darktrace detected devices performing uncommon SMB write and move operations on the drives of destination network devices, featuring the appending of the Lynx extension to local host files. Darktrace also identified similar levels of SMB read and write sizes originating from certain devices. Parallel volumes of SMB read and write activity strongly suggest encryption, as the malware opens, reads, and then encrypts local files on the hosted SMB disk share. This encryption activity frequently highlighted the use of the seemingly-default credential: "Administrator".

In this instance, Darktrace’s Autonomous Response capability was configured to only take action upon human confirmation, meaning the customer’s security team had to manually apply any suggested actions. Had the deployment been fully autonomous, Darktrace would have blocked connectivity to and from the affected devices, giving the customer additional time to contain the attack and enforce existing network behavior patterns while the IT team responded accordingly.

Conclusion

As reported by Darktrace’s Threat Research team in the Annual Threat Report 2024, both new and old ransomware strains were prominent across the threat landscape last year. Due to the continually improving security postures of organizations, ransomware actors are forced to constantly evolve and adopt new tactics to successfully carry out their attacks.

The Lynx group’s use of INC source code, for example, suggests a growing accessibility for threat actors to launch new ransomware strains based on existing code – reducing the cost, resources, and expertise required to build new malware and carry out an attack. This decreased barrier to entry will surely lead to an increased number of ransomware incidents, with attacks not being limited to experienced threat actors.

While Darktrace expects ransomware strains like Lynx to remain prominent in the threat landscape in 2025 and beyond, Darktrace’s ability to identify and respond to emerging ransomware incidents – as demonstrated here – ensures that customers can safeguard their networks and resume normal business operations as quickly as possible, even in an increasingly complex threat landscape.

Credit to Justin Torres (Senior Cyber Analyst) and Adam Potter (Senior Cyber Analyst).

[related-resource]

Appendices

References

1.     https://unit42.paloaltonetworks.com/inc-ransomware-rebrand-to-lynx/

2.     https://cybersecsentinel.com/lynx-ransomware-strikes-new-targets-unveiling-advanced-encryption-techniques/

Autonomous Response Model Alerts

·      Antigena::Network::Significant Anomaly::Antigena Alerts Over Time Block

·      Antigena::Network::Insider Threat::Antigena Active Threat SMB Write Block

·      Antigena::Network::Significant Anomaly::Antigena Enhanced Monitoring from Client Block

·      Antigena::Network::Significant Anomaly::Antigena Significant Anomaly from Client Block

·      Antigena::Network::Insider Threat::Antigena Network Scan Block

·      Antigena::Network::Insider Threat::Antigena Internal Anomalous File Activity

·      Antigena::Network::Insider Threat::Antigena Unusual Privileged User Activities Block

·      Antigena::Network::Insider Threat::Antigena Unusual Privileged User Activities Pattern of Life Block

·      Antigena::Network::Insider Threat::Antigena Large Data Volume Outbound Block

Darktrace / NETWORK Model Alerts

·      Device::Multiple Lateral Movement Model Alerts

·      Device::Suspicious Network Scan Activity

·      Anomalous File::Internal::Additional Extension Appended to SMB File

·      Device::SMB Lateral Movement

·      Compliance::SMB Drive Write

·      Compromise::Ransomware::Suspicious SMB Activity

·      Anomalous File::Internal::Unusual SMB Script Write

·      Device::Network Scan

·      Device::Suspicious SMB Scanning Activity

·      Device::RDP Scan

·      Unusual Activity::Anomalous SMB Move & Write

·      Anomalous Connection::Sustained MIME Type Conversion

·      Compromise::Ransomware::SMB Reads then Writes with Additional Extensions

·      Unusual Activity::Sustained Anomalous SMB Activity

·      Device::ICMP Address Scan

·      Compromise::Ransomware::Ransom or Offensive Words Written to SMB

·      Anomalous Connection::Suspicious Read Write Ratio

·      Anomalous File::Internal::Masqueraded Executable SMB Write

·      Compliance::Possible Unencrypted Password File On Server

·      User::New Admin Credentials on Client

·      Compliance::Remote Management Tool On Server

·      User::New Admin Credentials on Server

·      Anomalous Connection::Unusual Admin RDP Session

·      Anomalous Connection::Download and Upload

·      Anomalous Connection::Uncommon 1 GiB Outbound

·      Unusual Activity::Unusual File Storage Data Transfer

List of IoCs

IoC - Type - Description + Confidence

- ‘. LYNX’ -  File Extension -  Lynx Ransomware file extension appended to encrypted files

MITRE ATT&CK Mapping  

(Technique Name - Tactic - ID - Sub-Technique of)

Taint Shared Content - LATERAL MOVEMENT - T1080

Data Encrypted for - Impact - IMPACT T1486

Rename System Utilities - DEFENSE EVASION - T1036.003 - T1036

Get the latest insights on emerging cyber threats

This report explores the latest trends shaping the cybersecurity landscape and what defenders need to know in 2025.

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
Justin Torres
Cyber Analyst

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February 18, 2026

CVE-2026-1731: How Darktrace Sees the BeyondTrust Exploitation Wave Unfolding

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Note: Darktrace's Threat Research team is publishing now to help defenders. We will continue updating this blog as our investigations unfold.

Background

On February 6, 2026, the Identity & Access Management solution BeyondTrust announced patches for a vulnerability, CVE-2026-1731, which enables unauthenticated remote code execution using specially crafted requests.  This vulnerability affects BeyondTrust Remote Support (RS) and particular older versions of Privileged Remote Access (PRA) [1].

A Proof of Concept (PoC) exploit for this vulnerability was released publicly on February 10, and open-source intelligence (OSINT) reported exploitation attempts within 24 hours [2].

Previous intrusions against Beyond Trust technology have been cited as being affiliated with nation-state attacks, including a 2024 breach targeting the U.S. Treasury Department. This incident led to subsequent emergency directives from  the Cybersecurity and Infrastructure Security Agency (CISA) and later showed attackers had chained previously unknown vulnerabilities to achieve their goals [3].

Additionally, there appears to be infrastructure overlap with React2Shell mass exploitation previously observed by Darktrace, with command-and-control (C2) domain  avg.domaininfo[.]top seen in potential post-exploitation activity for BeyondTrust, as well as in a React2Shell exploitation case involving possible EtherRAT deployment.

Darktrace Detections

Darktrace’s Threat Research team has identified highly anomalous activity across several customers that may relate to exploitation of BeyondTrust since February 10, 2026. Observed activities include:

Outbound connections and DNS requests for endpoints associated with Out-of-Band Application Security Testing; these services are commonly abused by threat actors for exploit validation.  Associated Darktrace models include:

  • Compromise / Possible Tunnelling to Bin Services

Suspicious executable file downloads. Associated Darktrace models include:

  • Anomalous File / EXE from Rare External Location

Outbound beaconing to rare domains. Associated Darktrace models include:

  • Compromise / Agent Beacon (Medium Period)
  • Compromise / Agent Beacon (Long Period)
  • Compromise / Sustained TCP Beaconing Activity To Rare Endpoint
  • Compromise / Beacon to Young Endpoint
  • Anomalous Server Activity / Rare External from Server
  • Compromise / SSL Beaconing to Rare Destination

Unusual cryptocurrency mining activity. Associated Darktrace models include:

  • Compromise / Monero Mining
  • Compromise / High Priority Crypto Currency Mining

And model alerts for:

  • Compromise / Rare Domain Pointing to Internal IP

IT Defenders: As part of best practices, we highly recommend employing an automated containment solution in your environment. For Darktrace customers, please ensure that Autonomous Response is configured correctly. More guidance regarding this activity and suggested actions can be found in the Darktrace Customer Portal.  

Appendices

Potential indicators of post-exploitation behavior:

·      217.76.57[.]78 – IP address - Likely C2 server

·      hXXp://217.76.57[.]78:8009/index.js - URL -  Likely payload

·      b6a15e1f2f3e1f651a5ad4a18ce39d411d385ac7  - SHA1 - Likely payload

·      195.154.119[.]194 – IP address – Likely C2 server

·      hXXp://195.154.119[.]194/index.js - URL – Likely payload

·      avg.domaininfo[.]top – Hostname – Likely C2 server

·      104.234.174[.]5 – IP address - Possible C2 server

·      35da45aeca4701764eb49185b11ef23432f7162a – SHA1 – Possible payload

·      hXXp://134.122.13[.]34:8979/c - URL – Possible payload

·      134.122.13[.]34 – IP address – Possible C2 server

·      28df16894a6732919c650cc5a3de94e434a81d80 - SHA1 - Possible payload

References:

1.        https://nvd.nist.gov/vuln/detail/CVE-2026-1731

2.        https://www.securityweek.com/beyondtrust-vulnerability-targeted-by-hackers-within-24-hours-of-poc-release/

3.        https://www.rapid7.com/blog/post/etr-cve-2026-1731-critical-unauthenticated-remote-code-execution-rce-beyondtrust-remote-support-rs-privileged-remote-access-pra/

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About the author
Emma Foulger
Global Threat Research Operations Lead

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February 18, 2026

How AI is redefining cybersecurity and the role of today’s CIO

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Why AI is essential to modern security

As attackers use automation and AI to outpace traditional tools and people, our approach to cybersecurity must fundamentally change. That’s why one of my first priorities as Withum's CIO was to elevate cybersecurity from a technical function to a business enabler.

What used to be “IT’s problem” is now a boardroom conversation – and for good reason. Protecting our data, our people, and our clients directly impacts revenue, reputation and competitive positioning.  

As CIOs / CISOs, our responsibilities aren’t just keeping systems running, but enabling trust, protecting our organization's reputation, and giving the business confidence to move forward even as the digital world becomes less predictable. To pull that off, we need to know the business inside-out, understand risk, and anticipate what's coming next. That's where AI becomes essential.

Staying ahead when you’re a natural target

With more than 3,100 team members and over 1,000 CPAs (Certified Public Accountant), Withum’s operates in an industry that naturally attracts attention from attackers. Firms like ours handle highly sensitive financial and personal information, which puts us squarely in the crosshairs for sophisticated phishing, ransomware, and cloud-based attacks.

We’ve built our security program around resilience, visibility, and scale. By using Darktrace’s AI-powered platform, we can defend against both known and unknown threats, across email and network, without slowing our teams down.

Our focus is always on what we’re protecting: our clients’ information, our intellectual property, and the reputation of the firm. With Darktrace, we’re not just keeping up with the massive volume of AI-powered attacks coming our way, we’re staying ahead. The platform defends our digital ecosystem around the clock, detecting potential threats across petabytes of data and autonomously investigating and responding to tens of thousands of incidents every year.

Catching what traditional tools miss

Beyond the sheer scale of attacks, Darktrace ActiveAI Security PlatformTM is critical for identifying threats that matter to our business. Today’s attackers don’t use generic techniques. They leverage automation and AI to craft highly targeted attacks – impersonating trusted colleagues, mimicking legitimate websites, and weaving in real-world details that make their messages look completely authentic.

The platform, covering our network, endpoints, inboxes, cloud and more is so effective because it continuously learns what’s normal for our business: how our users typically behave, the business- and industry-specific language we use, how systems communicate, and how cloud resources are accessed. It picks up on minute details that would sail right past traditional tools and even highly trained security professionals.

Freeing up our team to do what matters

On average, Darktrace autonomously investigates 88% of all our security events, using AI to connect the dots across email, network, and cloud activity to figure out what matters. That shift has changed how our team works. Instead of spending hours sorting through alerts, we can focus on proactive efforts that actually strengthen our security posture.

For example, we saved 1,850 hours on investigating security issues over a ten-day period. We’ve reinvested the time saved into strengthening policies, refining controls, and supporting broader business initiatives, rather than spending endless hours manually piecing together alerts.

Real confidence, real results

The impact of our AI-driven approach goes well beyond threat detection. Today, we operate from a position of confidence, knowing that threats are identified early, investigated automatically, and communicated clearly across our organization.

That confidence was tested when we withstood a major ransomware attack by a well-known threat group. Not only were we able to contain the incident, but we were able to trace attacker activity and provided evidence to law enforcement. That was an exhilarating experience! My team did an outstanding job, and moments like that reinforce exactly why we invest in the right technology and the right people.

Internally, this capability has strengthened trust at the executive level. We share security reporting regularly with leadership, translating technical activity into business-relevant insights. That transparency reinforces cybersecurity as a shared responsibility, one that directly supports growth, continuity, and reputation.

Culturally, we’ve embedded security awareness into daily operations through mandatory monthly training, executive communication, and real-world industry examples that keep cybersecurity top of mind for every employee.

The only headlines we want are positive ones: Withum expanding services, Withum growing year over year. Security plays a huge role in making sure that’s the story we get to tell.

What’s next

Looking ahead, we’re expanding our use of Darktrace, including new cloud capabilities that extend AI-driven visibility and investigation into our AWS and Azure environments.

As I continue shaping our security team, I look for people with passion, curiosity, and a genuine drive to solve problems. Those qualities matter just as much as formal credentials in my view. Combined with AI, these attributes help us build a resilient, engaged security function with low turnover and high impact.

For fellow technology leaders, my advice is simple: be forward-thinking and embrace change. We must understand the business, the threat landscape, and how technology enables both. By augmenting human expertise rather than replacing it, AI allows us to move upstream by anticipating risk, advising the business, and fostering stronger collaboration across teams.

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About the author
Amel Edmond
Chief Information Officer
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