Blog
/
Email
/
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
Default blog imageDefault blog imageDefault blog imageDefault blog imageDefault blog imageDefault blog image
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

More in this series

No items found.

Blog

/

AI

/

April 28, 2026

State of AI Cybersecurity 2026: 87% of security professionals are seeing more AI-driven threats, but few feel ready to stop them

Default blog imageDefault blog image

The findings in this blog are taken from Darktrace’s annual State of AI Cybersecurity Report 2026.

In part 1 of this blog series, we explored how AI is remaking the attack surface, with new tools, models, agents — and vulnerabilities — popping up just about everywhere. Now embedded in workflows across the enterprise, and often with far-reaching access to sensitive data, AI systems are quickly becoming a favorite target of cyber threat actors.

Among bad actors, though, AI is more often used as a tool than a target. Nearly 62% of organizations  experienced a social engineering attack involving a deepfake, or an incident in which bad actors used AI-generated video or audio to try to trick a biometric authentication system, compared to 32% that reported an AI prompt injection attack.

In the hands of attackers, AI can do many things. It’s being used across the entire kill chain: to supercharge reconnaissance, personalize phishing, accelerate lateral movement, and automate data exfiltration. Evidence from Anthropic demonstrates that threat actors have harnessed AI to orchestrate an entire cyber espionage campaign from end to end, allegedly running it with minimal human involvement.

CISOs inhabit a world where these increasingly sophisticated attacks are ubiquitous. Naturally, combatting AI-powered threats is top of mind among security professionals, but many worry about whether their capabilities are up to the challenge.

AI-powered threats at scale: no longer hypothetical

AI-driven threats share signature characteristics. They operate at speed and scale. Automated tools can probe multiple attack paths, search for multiple vulnerabilities and send out a barrage of phishing emails, all within seconds. The ability to attack everywhere at once, at a pace that no human operator could sustain, is the hallmark of an AI-powered threat. AI-powered threats are also dynamic. They can adapt their behavior to spread across a network more efficiently or rewrite their own code to evade detection.

Security teams are seeing the signs that they’re fighting AI-powered threats at every stage of the kill chain, and the sophistication of these threats is testing their resolve and their resources.

  • 73% say that AI-powered cyber threats are having a significant impact on their organization
  • 92% agree that these threats are forcing them to upgrade their defenses
  • 87% agree that AI is significantly increasing the sophistication and success rate of malware
  • 87% say AI is significantly increasing the workload of their security operations team

These teams now confront a challenge unlike anything they’ve seen before in their careers, and the risks are compounding across workflows, tools, data, and identities. It’s no surprise that 66% of security professionals say their role is more stressful today than it was five years ago, or that 47% report feeling overwhelmed at work.

Up all night: Security professionals’ worry list is long

Traditional security methods were never built to handle the complexity and subtlety of AI-driven behavior. Working in the trenches, defenders have deep firsthand experience of how difficult it can be to detect and stop AI-assisted threats.

Increasingly effective social engineering attacks are among their top concerns. 50% of security leaders mentioned hyper-personalized phishing campaigns as one of their biggest worries, while 40% voiced apprehension about deepfake voice fraud. These concerns are legitimate: AI-generated phishing emails are increasingly tailored to individual organizations, business activities, or individuals. Gone are the telltale signs – like grammar or spelling mistakes – that once distinguished malicious communications. Notably, 33% of the malicious emails Darktrace observed in 2025 contained over 1,000 characters, indicating probable LLM usage.

Security leaders also worry about how bad actors can leverage AI to make attacks even faster and more dynamic. 45% listed automated vulnerability scanning and exploit chaining among their biggest concerns, while 40% mentioned adaptive malware.

Confidence is lacking

Protecting against AI demands capabilities that many organizations have not yet built. It requires interpreting new indicators, uncovering the subtle intent within interactions, and recognizing when AI behavior – human or machine – could be suspicious. Leaders know that their current tools aren’t prepared for this. Nearly half don’t feel confident in their ability to defend against AI-powered attacks.

We’ve asked participants in our survey about their confidence for the last three years now. In 2024, 60% said their organizations were not adequately prepared to defend against AI-driven threats. Last year, that percentage shrunk to 45%, a possible indicator that security programs were making progress. Since then, however, the progress has apparently stalled. 46% of security leaders now feel inadequately prepared to protect their organizations amidst the current threat landscape.

Some of these differences are accentuated across different cultures. Respondents in Japan are far less confident (77% say they are not adequately prepared) than respondents in Brazil (where only 21% don’t feel prepared).

Where security programs are falling short

It’s no longer the case that cybersecurity is overlooked or underfunded by executive leadership. Across industries, management recognizes that AI-powered threats are a growing problem, and insufficient budget is near the bottom of most CISO’s list of reasons that they struggle to defend against AI-powered threats.  

It’s the things that money can’t buy – experience, knowledge, and confidence – that are holding programs back. Near the top of the list of inhibitors that survey participants mention is “insufficient knowledge or use of AI-driven countermeasures.” As bad actors embrace AI technologies en masse, this challenge is coming into clearer focus: attack-centric security tools, which rely on static rules, signatures, and historical attack patterns, were never designed to handle the complexity and subtlety of AI-driven attacks. These challenges feel new to security teams, but they are the core problems Darktrace was built to solve.  

Our Self-Learning AI develops a deep understanding of what “normal” looks like for your organization –including unique traffic patterns, end user habits, application and device profiles – so that it can detect and stop novel, dynamic threats at the first encounter. By focusing on learning the business, rather than the attack, our AI can keep pace with AI-powered threats as they evolve.

Explore the full State of AI Cybersecurity 2026 report for deeper insights into how security leaders are responding to AI-driven risks.

Learn more about securing AI in your enterprise.

[related-resource]

Continue reading
About the author
The Darktrace Community

Blog

/

Email

/

April 24, 2026

Email-Borne Cyber Risk: A Core Challenge for the CISO in the Age of Volume and Sophistication

Default blog imageDefault blog image

The challenge for CISOs

Despite continuous advances in security technologies, humans continue to be exploited by attackers. Credential abuse and social actions like phishing are major factors, accounting for around 60% of all breaches. These attacks rely less on technical vulnerabilities and more on exploiting human behavior and organizational processes. 

From my perspective as a former CISO, protecting humans concentrates three of today’s most pressing challenges: the sheer volume of email-based threats, their increasing sophistication, and the limitations of traditional employee awareness programs in moving the needle on risk. 

My personal experience of security awareness training as a CISO

With over 20 years’ experience as an ICT and Cybersecurity leader across various international organizations, I’ve seen security awareness training (SAT) in many guises. And while the cyber landscape is evolving in every direction, the effectiveness of SAT is reaching a plateau.  

Most programs I’ve seen follow a familiar pattern. Training is delivered through a combination of eLearning modules and internal sessions designed to reinforce IT policies. Employees are typically required to complete a slide deck or video, followed by a multiple-choice quiz. Occasional phishing simulations are distributed throughout the year.

The content is often static and unpersonalized, based on known threats that may already be outdated. Every employee regardless of role or risk exposure receives the same training and the same simulated phishing templates, from front-desk staff to the CEO.

The problem with traditional SAT programs

The issue with the approach to SAT outlined above is that the distribution of power is imbalanced. Humans will always be fallible, particularly when faced with increasingly sophisticated attacks. Providing generic, low-context training risks creating false confidence rather than genuine resilience. Let’s look at some of the problems in detail.

Timing and delivery

Employees today operate under constant cognitive load, making lots of rapid decisions every day to reduce their email volumes. Yet if employees are completing training annually, or on an ad hoc basis, it becomes a standalone occurrence rather than a continuous habit.  

As a result, retention is low. Employees often forget the lessons within weeks, a phenomenon known as the ‘Ebbinghaus Forgetting Curve.’

The graph illustrates that when you first learn something, the information disappears at an exponential rate without retention. In fact, according to the curve, you forget 50% of all new information within a day, and 90% of all new information within a week.  

Simultaneously, most training is conducted within a separate interface. Because it takes place away from the actual moment of decision-making, the "teachable moment" is lost. There is a cognitive disconnect between the action (clicking a link in Outlook) and the education (watching a video in a browser). 

People

In the context of professional risk management, the risks faced by different users are different. Static learning such as everyone receiving the same ‘Password Reset’ email doesn’t help users prepare for the specific threats they are likely to face. It also contributes to user fatigue, driven by repetitive training. And if users receive tests at the same time, news spreads among colleagues, hurting the efficacy of the test.  

Staff turnover introduces further risk. In many organizations, new employees gain access to systems before receiving meaningful training, reducing onboarding to little more than policy acknowledgment.

Measuring success

In my experience, solutions are standalone, without any correlation to other tools in the security stack. In some cases, the programs are delivered by HR rather than the security team, creating a complete silo.  

As a result, SAT is often perceived as a compliance exercise rather than a capability building function. The result is that poor-quality training does little to reduce the likelihood of compromise, regardless of completion rates or quiz performance.

What a modern SAT solution should look like

For today’s CISO, email represents the convergence point of high-volume, high-impact, and human-centric threats. Despite significant security investments, it remains one of the most difficult channels to secure effectively. Given these constraints, CISOs must evolve their approach to SAT.

Success lies in a balanced strategy one that combines advanced technology, attack surface reduction, and pragmatic user enablement, without over-relying on human vigilance as the final line of defense.

This means moving beyond traditional SAT toward continuous, contextual awareness, realistic simulations, and tight integration with security outcomes.

Three requirements for a modern SAT solution

  • Invisible protection: The optimum security solution is one that assists users without impeding their experience. The objective is to enhance human capabilities, rather than simply delivering a lecture. 
  • Real-time feedback: Rather than a monthly quiz, the ideal system would provide a prompt or warning when a user is about to engage with something suspicious. 
  • Positive culture: Shifting the focus away from a "gotcha" culture, which is a contributing factor to a resentment, and instead empowers employees to serve as "sensors" for the company. 

Discover how personalized security coaching can strengthen your human layer and make your email defenses more resilient. Explore Darktrace / Adaptive Human Defense.

Continue reading
About the author
Karim Benslimane
VP, Field CISO
Your data. Our AI.
Elevate your network security with Darktrace AI