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August 7, 2023

Detection of an Evasive Credential Harvester | IPFS Phishing

Discover the emerging trend of malicious actors abusing the Interplanetary File System (IPFS) file storage protocol in phishing campaigns. Learn more here!
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
Lena Yu
Cyber Security Analyst
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07
Aug 2023

IPFS Phishing Attacks

Phishing attacks continue to be one of the most common methods of infiltration utilized by threat actors and they represent a significant threat to an organization’s digital estate. As phishing campaigns typically leverage social engineering methods to evade security tools and manipulate users into following links, downloading files, or divulging confidential information. It is a relatively low effort but high-yield type of cyber-attack.

That said, in recent years security teams have become increasingly savvy to these efforts. Attackers are having to adapt and come up with novel ways to carry out their phishing campaigns. Recently, Darktrace has observed a rise in phishing attacks attempting to abuse the InterPlanetary File System (IPFS) in campaigns that are able to dynamically adapt depending on the target, making it extremely difficult for security vendors to detect and investigate.

What is a IPFS?

IPFS is a file storage protocol a peer-to-peer (P2P) network used for storing and sharing resources in a distributed file system [1]. It is also a file storage system similar in nature to other centralized file storage services like Dropbox and Google Drive.

File storage systems, like IPFS, are often abused by malicious actors, as they allow attackers to easily host their own content without maintaining infrastructure themselves. However, as these file storage systems often have legitimate usages, blocking everything related to file storages may cause unwanted problems and affect normal business operations. Thus, the challenge lies in differentiating between legitimate and malicious usage.

While centralized, web-based file storage services use a Client-Server model and typically deliver files over HTTP, IPFS uses a Peer-to-Peer model for storing and sharing files, as shown in Figure 1.

Figure 1: (a) shows the Client-Server model that centralized, web-based file storage services use. The resource is available on the server, and the clients access the resource from the server. (b) shows the Peer-to-Peer model that IPFS use. The resources are available on the peers.

To verify the authenticity and integrity of files, IPFS utilizes cryptographic hashes.

A cryptographic hash value is generated using a file’s content upon upload to IPFS. This is used to generate the Content Identifier (CID). IPFS uses Content Addressing as opposed to Location Addressing, and this CID is used to point to a resource in IPFS [4].

When a computer running IPFS requires a particular file, it asks the connected peers if they have the file with a specific hash. If a peer has the file with the matching hash, it will provide it to the requesting computer [1][6].

Taking down content on IPFS is much more difficult compared to centralized file storage hosts, as content is stored on several nodes without a centralized entity, as shown in Figure 2. To take down content from IPFS, it must be removed from all the nodes. Thus, IPFS is prone to being abused for malicious purposes.

Figure 2: When the resource is unavailable on the server for (a), all the clients are unable to access the resource. When the resource is unavailable on one of the peers for (b), the resources are still available on the other peers.

The domains used in these IPFS phishing links are gateways that enable an HTTPS URL to access resources within the distributed IPFS file system.

There are two types of IPFS links, the Path Gateway and Subdomain Gateway [1].

Path Gateways have a fixed domain/host and identifies the IPFS resource through a resource-identifying string in the path. The Path Gateway has the following structure:

•       https://<gateway-host>.tld/ipfs/<CID>/path/to/resource

•       https://<gateway-host>.tld/ipns/<dnslink/ipnsid>/path/to/resource

On the other hand, Subdomain Gateways have a resource-identifying string in the subdomain. Subdomain Gateways have the following structure:

•       https://<cidv1b32>.ipfs.<gateway-host>.tld/path/to/resource

One gateway domain serves the same role as any other, which means attackers can easily change the gateways that are used.

Thus, these link domains involved in these attacks can be much more variable than the ones in traditional file storage attacks, where a centralized service with a single domain is used (e.g., Dropbox, Google Docs), making detecting the malicious use of IPFS extremely challenging for traditional security vendors. Through its anomaly-based approach to threat detection, Darktrace/Email™ is consistently able to identify such tactics and respond to them, preventing malicious actors from abusing file storage systems life IPFS.

IPFS Campaign Details

In several recent examples of IPFS abuse that Darktrace detected on a customer’s network, the apparent end goal was to harvest user credentials. Stolen credentials can be exploited by threat actors to further their attacks on organizations by escalating their privileges within the network, or even sold on the dark web.

Darktrace detected multiple IPFS links sent in malicious emails that contained the victim’s email address. Based on the domain in this email address, users would then be redirected to a fake login page that uses their organizations’ webpage visuals and branding to convince targets to enter their login details, unknowingly compromising their accounts in the process.

Figure 3: The credential harvester changes visuals depending on the victim’s email address specified in the URL.

These IPFS credential harvesting sites use various techniques to evade detection the detection of traditional security tools and prevent further analysis, such as obfuscation by Percent Encoding and Base64 Encoding the code.

There are also other mechanisms put into place to hinder investigation by security teams. For example, some IPFS credential harvester sites investigated by Darktrace did not allow right clicking and certain keystrokes, as a means to make post-attack analysis more difficult.

Figure 4: The code shows that it attempts to prevent certain keystrokes.

In the campaign highlighted in this blog, the following IPFS link was observed:

hxxps://ipfs[.]io/ipfs/QmfDDxLWoLiqFURX6dUZcsHxVBP1ZnM21H5jXGs1ffNxtP?filename=at ob.html#<EmailAddress>

This uses a Path Gateway, as it identifies the IPFS resource through a resource-identifying string in the path. The CID is QmfDDxLWoLiqFURX6dUZcsHxVBP1ZnM21H5jXGs1ffNxtP in this case.

It makes a GET request to image[.]thum[.]io and logo[.]clearbit[.]com as shown in Figure 5. The image[.]thum[.]io is a Free Website Screenshot Generator, that provides real-time screenshot of websites [2]. The logo[.]clearbit[.]com is used to lookup company logos using the domain [3]. These visuals are integrated into the credential harvester site. Figure 6 shows the domain name being extracted from the victim’s email address and used to obtain the visuals.

Figure 5: The GET requests to image[.]thum[.]io and logo[.]clearbit[.].
Figure 6: The code shows that it utilizes the domain name from the victim’s email address to obtain the visuals from logo.clearbit[.]com and image[.]thum.io.

The code reveals the credential POST endpoint as shown in Figure 16. When credentials are submitted, it makes a POST request to this endpoint as shown in Figure 7.

Figure 7: The credential POST endpoint can be seen inside the code.
Figure 8: The Outlook credential harvester will redirect to the real Outlook page when wrong credentials are submitted multiple times.

From the IPFS link alone, it is difficult to determine whether it leads to a malicious endpoint, however Darktrace has consistently identified emails containing these IPFS credential harvesting links as phishing attempts.

Darktrace Coverage

During one case of IPFS abuse detected by Darktrace in March 2023, a threat actor sent malicious emails with the subject “Renew Your E-mail Password” to 55 different recipients at. The sender appeared to be the organization’s administrator and used their internal domain.

Figure 9: Darktrace/Email’s detection of the “Renew Your E-mail Password” emails from “administrator”. These were all sent at 2023.03.21 02:39 UTC.

However, Darktrace recognized that the email did not pass Sender Policy Framework (SPF), and therefore it could not be validated as being sent from the organization’s domain. Darktrace also detected that the email contained a link to “ipfs.io, the official IPFS gateway. This was identified as a spoofing and phishing attempt by Darktrace/Email.

Figure 10: The Darktrace/Email overview tab shows the Anomaly Indicators, History, Association, and Validation information of this sender. It contained a link to “ipfs.io”, and did not pass SPF.

Following the successful identification of the malicious emails, Darktrace RESPOND™ took immediate autonomous action to prevent them from leading to potentially damaging network compromise. For email-based threats, Darktrace RESPOND is able to carry out numerous actions to stop malicious emails and reduce the risk of compromise. In response to this specific incident, RESPOND took multiple preventative actions (as seen in Figure 11), including include lock link, an action that prevents access to URLs deemed as suspicious, send to junk, an action that automatically places emails in the recipient’s junk folder, and hold message, the most severe RESPOND action that prevents malicious emails from reaching the recipients inbox at all.

Figure 11: The Darktrace/Email model tab shows all the models that triggered on the email and the associated RESPOND actions.
Figure 12: The ipfs.io link used in this email contains the recipient’s email address, and has a CID of QmfDDxLWoLiqFURX6dUZcsHxVBP1ZnM21H5jXGs1ffNxtP. It has a Darktrace Domain Rarity Score of 100
Figure 13: The IPFS credential harvester that uses the organization’s website’s visuals.

Further investigation revealed that the IPFS link contained the recipients’ email address, and when clicked led to a credential harvester that utilized the same visuals and branding as the customer’s website.

Concluding Thoughts

Ultimately, despite the various tactics employed threat actors to evade the detection of traditional security tools, Darktrace was able to successfully detect and mitigate these often very fruitful phishing attacks that attempted to abuse the IPFS file storage system.

As file storage platforms like IPFS do have legitimate business uses, blocking traffic related to file storage is likely to negatively impact the day-to-day operations of an organization. The challenge security teams face is to differentiate between malicious and legitimate uses of such services, and only act on malicious cases. As such, it is more important than ever for organizations to have an effective anomaly detection tool in place that is able to identify emerging threats without relying on rules, signatures or previously observed indicators of compromise (IoC).

By leveraging its Self-Learning AI, Darktrace understands what represents expected activity on customer networks and can recognize subtle deviations from expected behavior, that may be indicative of compromise. Then, using its autonomous response capabilities, Darktrace RESPOND is able to instantly and autonomously take action against emerging threats to stop them at the earliest possible stage.

Credit to Ben Atkins, Senior Model Developer for their contribution to this blog.

Appendices

Example IOCs

Type: URL

IOC: hxxps://ipfs[.]io/ipfs/QmfDDxLWoLi qFURX6dUZcsHxVBP1ZnM21H5jXGs

1ffNxtP?filename=atob.html#<Email Address>

Description: Path Gateway link

Type: URL

IOC: hxxps://bafybeibisyerwlu46re6rxrfw doo2ubvucw7yu6zjcfjmn7rqbwcix2 mku.ipfs[.]dweb.link/webn cpmk.htm?bafybeigh77sqswniy74nzyklybstfpkxhsqhpf3qt26nwnh4wf2vv gbdaybafybeigh77sqswniy74nzyklybstfpkxhsqhpf3qt26nwnh4wf2vvgbda y#<EmailAddress>

Description: Subdomain Gateway link

Relevant Darktrace DETECT Models

•       Spoof / Internal Domain from Unexpected Source + New Unknown Link

•       Link / High Risk Link + Low Sender Association

•       Link / New Correspondent Classified Link

•       Link / Watched Link Type

•       Proximity / Phishing + New activity

•       Proximity / Phishing + New Address Known Domain

•       Spoof / Internal Domain from Unexpected Source + High Risk Link

References

[1]    https://docs.ipfs.tech/

[2]    https://www.thum.io/

[3]    https://clearbit.com/logo

[4]    https://filebase.com/blog/ipfs-content-addressing-explained/

[5]    https://www.trustwave.com/en-us/resources/blogs/spiderlabs-blog/the-attack-of-the-chameleon-phishing-page/

[6]    https://wiki.ipfsblox.com/

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
Lena Yu
Cyber Security Analyst

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December 4, 2025

How Darktrace is ending email security silos with new capabilities in cross-domain detection, DLP, and native Microsoft integrations

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A new era of reputation-aware, unified email security

Darktrace / EMAIL is redefining email defense with new innovations that close email security silos and empower SOC teams to stop multi-stage attacks – without disrupting business operations.  

By extending visibility across interconnected domains, Darktrace catches the 17% of threats that leading SEGs miss, including multi-stage attacks like email bombing and cloud platform abuse. Its label-free behavioral DLP protects sensitive data without reliance on manual rules or classification, while DMARC strengthens brand trust and authenticity. With native integrations for Microsoft Defender and Security Copilot, SOC teams can now investigate and respond faster, reducing risk and maintaining operational continuity across the enterprise.

Summary of what’s new:

  • Cross-domain AI-native detection unifying email, identity, and SaaS
  • Label-free behavioral DLP for effortless data protection
  • Microsoft Defender and Security Copilot integrations for streamlined investigation and response

Why email security must evolve

Today’s attacks don’t stop at the inbox. They move across domains – email to identity, SaaS, and network – exploiting the blind spots between disconnected tools. Yet most email security solutions still operate in isolation, unable to see or respond beyond the message itself.

In 2024, Darktrace detected over 30 million phishing attempts: 38% targeting high-value individuals and almost a third using novel social engineering, including AI-generated text. Generative AI is amplifying the realism and scale of social engineering, while customers face a wave of new techniques like email bombing, where attackers flood inboxes to distract or manipulate users, and polymorphic malware, which continuously evolves to evade static defenses.

Meanwhile, defenders are exposed to traditional DLP tools that create operational drag with high false positives and rigid policies. Accidental insider breachers remain a major risk to organizations: 6% of all data breaches are caused by misdelivery, and 95% of those incidents involve personal data.

Tool sprawl compounds the issue. The average enterprise manages around 75 security products, and 69% report operational strain as a result. This complexity is counterproductive – and with legacy SEGs failing to adapt to detect threats that exploit human behavior, analysts are left juggling an unwieldy patchwork of fragmented defenses.

The bottom line? Siloed email defenses can’t keep pace with today’s AI-driven, cross domain attacks.

Beyond detection: AI built for modern threats

Darktrace / EMAIL is uniquely designed to catch the threats SEGs miss, powered by Self-Learning AI. It learns the communication patterns of every user – correlating behavioral signals from email, identity, and SaaS – to identify the subtle, context-driven deviations that define advanced social engineering and supply chain attacks.

Unlike tools that rely on static rules or historical attack data, Darktrace’s AI assumes a zero trust posture, treating every interaction as a potential risk. It detects novel threats in real time, including those that exploit trusted relationships or mimic legitimate business processes. And because Darktrace’s technology is natively unified, it delivers precise, coordinated responses that neutralize threats in real time.

Powerful innovations to Darktrace / EMAIL

Improved, multi-domain threat detection and response

With this update, Darktrace reveals multi-domain detection linking behavioral signals across email, identity, and SaaS to uncover advanced attacks. Darktrace leverages its existing agentic platform to understand behavioral deviations in any communication channel and take precise actions regardless of the domain.  

This innovation enables customers to:

  • Correlate behavioral signals across domains to expose cross-channel threats and enable coordinated response
  • Link email and identity intelligence to neutralize multi-stage attacks, including advanced email bombing campaigns

Detection accuracy is further strengthened through layering with traditional threat intelligence:

  • Integrated antivirus verdicts improve detection efficacy by adding traditional file scanning
  • Structured threat intelligence (STIX/TAXII) enriches alerts with global context for faster triage and prioritization

Expanded ecosystem visibility also includes:

  • Salesforce integration, enabling automatic action on potentially malicious tickets auto-created from emails – accelerating threat response and reducing manual burden

Advancements in label-free DLP

Darktrace is delivering the industry’s first label-free data loss prevention (DLP) solution powered by a proprietary domain specific language model (DSLM).  

This update expands DLP to protect against both secrets and personally identifiable information (PII), safeguarding sensitive data without relying on status rules or manual classification. The DSLM is tuned for email/DLP semantics so it understands entities, PII patterns, and message context quickly enough to enforce at send time.

Key enhancements include:

  • Behaviorally enhanced PII detection that automatically defines over 35+ new categories, including personal, financial, and health data  
  • Added detail to DLP alerts in the UI, showing exactly how and when DLP policies were applied
  • Enhanced Cyber AI Analyst narratives to explain detection logic, making it easier to investigate and escalate incidents

And for further confidence in outbound mail, discover new updates to DMARC, with support for BIMI logo verification, automatic detection of both MTA-STS and TLS records, and data exports for deeper analysis and reporting. Accessible for all organizations, available now on the Azure marketplace.

Streamlined SOC workflows, with Microsoft-native integrations

This update introduces new integrations that simplify SOC operations, unify visibility, and accelerate response. By embedding directly into the Microsoft ecosystem – with Defender and Security Copilot – analysts gain instant access to correlated insights without switching consoles.

New innovations include:

  • Unified quarantine management with Microsoft Defender, centralizing containment within the native Microsoft interface and eliminating console hopping
  • Ability to surface threat insights directly in Copilot via the Darktrace Email Analysis Agent, eliminating data hunting and simplifying investigations
  • Automatic ticket creation in JIRA when users report suspicious messages
  • Sandbox analysis integration, enabling payload inspection in isolated environments directly from the Darktrace UI

Committed to innovation

These updates are part of the broader Darktrace release, which also included:

  1. Major innovations in cloud security with the launch of the industry’s first fully automated cloud forensics solution, reinforcing Darktrace’s leadership in AI-native security.
  2. Redefining NDR with industry-first autonomous threat investigation from network to endpoint  
  3. Innovations to our suite of Exposure Management & Attack Surface Management tools

As attackers exploit gaps between tools, the Darktrace ActiveAI Security Platform delivers unified detection, automated investigation, and autonomous response across cloud, endpoint, email, network, and OT. With full-stack visibility and AI-native workflows, Darktrace empowers security teams to detect, understand, and stop novel threats before they escalate.

Join our Live Launch Event

When? December 9, 2025

What will be covered? Join our live broadcast to experience how Darktrace is eliminating blind spots for detection and response across your complete enterprise with new innovations in Agentic AI across our ActiveAI Security platform. Industry leaders from IDC will join Darktrace customers to discuss challenges in cross-domain security, with a live walkthrough reshaping the future of Network Detection & Response, Endpoint Detection & Response, Email Security, and SecOps in novel threat detection and autonomous investigations.

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About the author
Carlos Gray
Senior Product Marketing Manager, Email

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December 4, 2025

The 17% of email threats SEGs miss – and how Darktrace catches them

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17%: The figure that changes your risk math

Most organizations deploy a Secure Email Gateway (SEG) assuming it will catch whatever their native email security provider would not be able to. But the data tells a different story. Nearly one in six of the riskiest inbound emails still evade the native + SEG layers on the first pass – 17% is the average SEG miss rate after Microsoft filtering.  

How did we calculate the miss rate? The figure comes from a volume-weighted analysis of real-world enterprise deployments where Darktrace operated alongside a SEG, compared to deployments without a SEG. It’s based on how each security layer treated malicious emails on the first instance – if the SEG missed the email at the initial filtering but caught it minutes or hours later we considered it a miss, because the threat had already been exposed to the user. We computed the mean per category miss count across the top three widely deployed SEGs and divided that by the total number of threats that had already bypassed native filters. The resulting rate is 17.8%, conservatively communicated as “about 17%.”

This result is a powerful directional signal – not a guarantee for every environment – but significant enough to merit a closer look.

What SEGs miss most (and why it matters)

Our analysis shows that SEGs most frequently miss context-driven, low-signal attacks.

Darktrace catches more threats than SEGs across a range of attack vectors

These are the kinds of emails that look convincing to recipients and rely on business context, without overtly malicious indicators, including:

Solicitation and fraudulent requests (~21% miss rate)

Deceptive invoices, vendor “updates,” payment term changes, or urgent favors. These messages often lack obvious payloads and exploit business process mimicry, making them nearly indistinguishable from genuine correspondence in the eyes of static, rule-based filters dependent on payload analysis. 22% of breaches stemming from external actors were a result of social engineering in 2025 (Verizon 2025 Data Breach Investigations Report).

Phishing links (~20% miss rate)

Links to credential harvesters or later-weaponized sites using new or compromised domains, redirects, or shorteners. URL rotation and staging evade list-based controls; the linguistic and workflow context looks routine. This also includes threats that leverage legitimate cloud platforms to disguise their intent and avoid reputation analysis.  Phishing remains one of the most expensive cause of breaches, an average cost of $4.8 million (IBM Cost of a Data Breach Report 2025).

User impersonation (~19% miss rate)

Convincing messages that mimic executives, colleagues, or partners, often with subtle display-name or address manipulation. These attacks rely on social engineering and context, bypassing static detection and reputation checks.

Other notable misses: Credential harvesting lures and forged/abused sender addresses, both typically light on static indicators but heavy on contextual clues. 

Why SEGs miss these emails

Let’s look at some of the reasons SEGs fail to catch more advanced, context-driven attacks.

  1. Attack-centric bias. SEGs excel at recognizing known-bad indicators (spam, commodity malware). But today’s high-impact threats are supercharged by AI and can be hyper-customized with polymorphic malware or personalized social engineering. They mirror normal business communications and weaponize trust, not binary patterns.  
  2. Limited behavioral understanding. Without modeling each user’s “normal” pattern of life, subtle anomalies (timing, tone, counterpart, transaction patterns) can look benign, even if they should be flagged. Some modern solutions have begun to incorporate behavioral analysis into their products, but these are still supplements for additional information rather than integrated into the core threat detection engine.
  3. Assumed trust. Account compromise and attacks that abuse legitimate services exploit trust. SEGs weren’t designed to handle these kinds of threats, in fact, they assume trust in order to minimize false positives, leaving them wide open to attackers.  
  4. Siloed detection. Email rarely tells the whole story. Attacks pivot across email, identity, and SaaS; single-channel tools can’t connect those dots in real time. This issue is exacerbated when email security vendors are only focused on email activity, ignoring activity beyond the inbox like network or cloud account activity.
  5. Adaptive evasion. Fast domain churn, benign-looking links, and clean hosting on trusted platforms routinely outpace static rules and blocklists. No matter how great your threat intelligence or threat research teams may be, there is a reliance on a first victim – which leads to defenders remaining one step behind attackers. 

How Darktrace / EMAIL catches the threats SEGs miss

Everywhere a SEG falters, Darktrace excels. Let’s take a look why.

  • Self-Learning AI: Darktrace learns the unique communication patterns of every user, department, and supplier, flagging the subtle deviations that typify social engineering and impersonation. 
  • A zero trust approach: According to Gartner, many organizations fail to extend their zero-trust strategy to email, leaving a critical gap. Darktrace assumes no trust, applying the zero trust principle across all aspects of email communication.
  • Cross-domain context: Correlates behavior across email, identity, and SaaS, exposing multi-stage campaigns that a siloed SEG can’t piece together. 
  • Better together with native providers: Operates alongside your native email security – not against it – so protection is additive. Darktrace ingests native signals and orchestrate unified quarantine without duplicating policy stacks or forcing you to disable built-in protections. 

For example: one of our customers, a global enterprise saw a surge of “document-share” notifications from a trusted collaboration platform. The domain and authentication looked fine; their SEG allowed it. Darktrace / EMAIL flagged it because the supplier’s sharing behavior and permission scope deviated from normal (volume, recipients, and access level). Follow-up confirmed the supplier account was compromised. Behavioral context – not rules or signatures – made the difference. 

Three steps to building a modern email security stack

Let’s end with three strategic takeaways for ensuring your email security is fit-for-purpose.

  1. Defense-in-depth = diversity, not duplication

Why it matters: Two security layers with the same detection philosophy (e.g. SEG + native email security) create overlapping blind spots. Both native email security providers and SEGs are attack-centric solutions that rely on past threats and threat intelligence. True defense-in-depth ensures you are asking different questions of every email that comes through.

How to apply: Pair your native email security with behavioral AI that learns how your business communicates. Eliminate redundant layers that only add cost and latency. 

  1. Coordinate the layers you keep

Why it matters:  Layers that don’t talk create delays and hand-offs; SEGs often become sole decision-makers by forcing native protections off. 

How to apply:  Favor an ICES approach that ingests native signals and can orchestrate unified quarantine, so detections become actions in one motion. 

  1. Quantify your security gap with a POV

Why it matters:  Every environment is different. You need evidence before making changes to your stack.

How to apply:  Run Darktrace / EMAIL in observe mode next to your current stack to surface exactly what’s still getting through. Use those results to plan your transition and measure improvement. 

Ready to claim 17% more protection? Request a demo with Darktrace / EMAIL to quantify what your SEG is missing, then decide how much of that residual risk you’re willing to accept. We’ll help you plan a clean, staged transition that preserves native protections and streamlines operations.  In the meantime, calculate your potential ROI using Darktrace / EMAIL with our handy calculator.

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About the author
Carlos Gray
Senior Product Marketing Manager, Email
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