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Cybercrime at Machine Speed: Key Takeaways from Flashpoint’s 2026 Midyear Threat Intelligence Briefing

Threat actors are no longer just using automation to execute tasks, they are leveraging prepackaged, safeguard-free AI, weaponizing stolen session data, and directly targeting defenders’ security stacks.

In our latest webinar, Flashpoint Vice President of Intelligence, Ian Gray, briefed security leaders on the evolving threat environment, providing critical insights from the Flashpoint Global Threat Intelligence Report (GTIR): 2026 Midyear Edition.

The threat landscape has developed at a striking pace with Flashpoint tracking over 22 million illicit AI discussions, 7.4 million compromised hosts yielding 1.7 billion stolen credentials, and over 21,600 disclosed vulnerabilities in just six months. Beyond these staggering numbers, the on-demand session detailed something even more alarming: a fundamental shift in adversary operational tradecraft.

Here are the five critical shifts every cyber threat intelligence (CTI), Vulnerability Management, and SOC team needs to know.

The Death of Signal: Threat Actors are Shifting to “Private AI”

The public discussion surrounding criminal artificial intelligence (AI) has reached a critical inflection point. Early in the AI boom, Flashpoint observed threat actors collaboratively experiment across underground forums, jailbreaking commercial frontier models or advertising surface-level tools like WormGPT and DarkGPT.

Today, adversaries are shifting from public forums to running fine-tuned, open-source models locally on private servers, which greatly hampers traditional signature-based detection. Flashpoint analysts are now seeing attackers generate unique, highly tailored malware variants, flawless phishing lures, and custom exploit scripts at extremely low costs—completely offline and shielded from public monitoring.

“A few months ago, a lot of this was collaborative… public outsourcing. Now what we’re seeing is scarier: pre-packaged cybercrime models run locally on private infrastructure. Malicious code, exploit scripts, and targeted phishing are all being generated inside closed environments.”

Ian Gray, VP of Intelligence, Flashpoint

Weaponizing the Defender’s Own Tooling

Another eye-opening tactical insight shared during the session was how threat actors are repurposing defender infrastructure for automated initial access and extortion. In the webinar, we pointed to recent campaigns where adversaries specifically targeted misconfigurations and zero-day vulnerabilities inside open-source vulnerability scanners, secrets-detection tools, Kubernetes clusters, and Infrastructure-as-Code(IaC) environments.

What this means for defenders is that the attack surface is no longer bounded by traditional enterprise network boundaries: it extends directly into CI/CD pipelines, security orchestration tooling, and third-party SaaS integrations. Security teams are finding themselves in a race against attackers who use automated scanning scripts to weaponize vulnerabilities in the security tools themselves.

The Global Infostealer Threat and Identity-First Attacks

Flashpoint tracked 7.4 million hosts compromised by infostealers in H1 2026—a 27% increase period-over-period—harvesting 1.7 billion credentials and identity information.

While the top infostealer strains remain familiar, law enforcement operations have created vacuums that competitors rapidly fill.

Threat actors are leveraging drive-by downloads, watering holes, and pirated software packages to plant stealers. Once a machine is compromised, the logs capture corporate SSO credentials, active browser cookies, VPN keys, and SaaS session tokens. This enables adversaries to simply log in without having to leverage complex technical exploits.

The Structural Failure of CVE/NVD and the Importance of KEV

The Common Vulnerabilities and Exposures (CVE) and National Vulnerability Database (NVD) have failed to keep pace with the velocity of AI-assisted vulnerability discovery. As such, vulnerability management teams are facing significant operational delays.

Metric	Flashpoint GTIR Midyear H1 2026 Data	Operational Impact
Total Disclosures	21,667	Remediation volume exceeds defender bandwidth.
Exploit Availability	19% (4,015 CVEs)	Functional code is ready before patches are deployed.
Public Catalog Lag	Growing Backlog (NVD/KEV)	Delay in official scoring leaves teams blind to active risk.

Therefore, waiting for NVD enrichment before prioritizing a patch is a dangerous strategy. To compensate, security teams require Vulnerability Intelligence (VI) that provides primary-source confirmation of weaponization, exploit availability, and actionable mitigation guidance long before public databases update.

Ransomware Evolution: From Encryption to Cloud Extortion

Ransomware-as-a-Service (RaaS) activity surged by 45% period-over-period, reaching 6,256 verified victim postings on data leak sites. However, total on-chain payout revenue dropped by 8% to $820 million, with victim pay-rates hitting a record low of 28%.

Faced with declining payouts and resilient enterprise backups, extortion syndicates are adapting. Rather than relying exclusively on technical file-encrypting malware, groups are executing pure data extortion campaigns—frequently targeting cloud platforms or extracting data through third-party vendor access.

Protect Your Organization Using Flashpoint

Defending against machine-speed attacks requires moving beyond reactive, post-incident telemetry. Flashpoint arms security, CTI, and vulnerability management teams with the primary-source intelligence required to preempt adversary operations:

• Unrivaled Deep & Dark Web Visibility: Flashpoint’s Primary Source Collection actively monitors closed criminal communities, illicit Telegram channels, and private forums, giving you early warning when threat actors build custom AI toolkits or trade credentials targeting your organization.
• Comprehensive Vulnerability Intelligence (VI): Flashpoint tracks zero-days and vulnerability disclosures independently, delivering immediate exploit availability data and threat-informed prioritization so you patch what actually matters.
• Continuous Compromised Credential Monitoring: Instantly surface exposed enterprise credentials, active session tokens, and stealer logs tied to your domain or third-party supply chain before they lead to an account takeover (ATO).

Request a demo, or watch the full on-demand webinar to explore the data shaping today’s risk landscape.

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The Evolution of Hacktivism in Hybrid Warfare: Modern Tactics and Real-World Impact

In this post we examine how modern hacktivism has evolved into a tool of global hybrid warfare, analyzing crowdsourced attack tactics, media-driven propaganda, and real-world impacts across Ukraine, the Middle East, European Union, and NATO nations.

Hacktivism used to be perceived as digital graffiti, with lone-wolf threat actors defacing government websites or temporarily crashing banking portals to make a political point. However, Flashpoint is tracking a fundamental shift in how these groups operate.

Modern hacktivism is evolving into a disciplined component of global hybrid warfare, capable of bridging digital disruptions with tangible real-world impact. Today, these operations blur the line between volunteer activism and coordinated state interest, leveraging crowdsourced infrastructure to disrupt critical utilities, manipulate media narratives, and target public infrastructure on a global scale. Unpacking these modern hacktivist collectives reveals what their tactics look like in practice and their far-reaching consequences across dozens of nations.

What is Hacktivism?

Hacktivism is the use of cyberattacks to promote or advance a particular political or social cause, leveraging a wide range of tactics such as website defacement, distributed denial-of-service (DDoS) attacks, and data breaches. Modern hacktivist collectives serve as the loud, high-visibility arm of cyber conflict—frequently aligning with state geopolitical interests, as seen most prominently in recent pro-Russian operations and Iranian-aligned cyber campaigns.

These pro-Russian hacktivist groups, such as NoName057 and Killnet, alongside pro-Iranian collectives and proxy ecosystems like Handala Hack, often react to the news cycle and target countries designated by state media or ideological narratives as enemies. As such, modern hacktivist campaigns are opportunistic and tied to global events—from the escalation in the Middle East following military operations like Operation Epic Fury, to the Milan-Cortina Winter Olympics and new aid packages to Ukraine. These groups’ justification narratives typically mirror state messaging.

Modern Tactics: Gamifying Cyber Warfare

In tracking modern hacktivist groups, Flashpoint analysts identified a new method these groups are utilizing to convert ordinary devices into tools for hybrid warfare—the gamification of cyberattacks. Flashpoint has observed groups like NoName057 turning DDoS attacks into community-based “patriotic online games,” such as their “DDoSia Project,” with participants earning military-style ranks and cryptocurrency rewards for overloading the websites of government institutions, banks, and various infrastructure across various countries.

This model has enabled the scaling of operations by utilizing a large, low-skilled participant base rather than having to rely on sophisticated technical tradecraft. The model’s decentralized structure and ideological appeal continue to pose a significant challenge for international law enforcement.

The Propaganda Engine: Media Amplification and Validation

Beyond technical disruptions, publicity is the primary currency of modern hacktivism. Hacktivist groups demonstrate a consistent pattern of media-seeking behavior and self-promotion, likely intended to amplify their perceived impact and reinforce notoriety within the broader cyber threat landscape. Many of these groups repeatedly repost media coverage and news articles referencing themselves.

This serves as a curated self-promotion mechanism, allowing the group to selectively showcase external validation of its operations, including coverage from mainstream and security-focused outlets, to its followers. This behavior aligns with a broader trend observed with especially pro-Russian hacktivist collectives, in which media visibility is treated as a measure of operational success independent of verified technical impact. It also serves as a deliberate tactic for engagement and recruitment that reinforces “patriotic” branding and sustains participant morale and visibility.

Beyond Propaganda: Aligning Cyber Disruption with Military Objectives

In some cases, the digital targeting of hacktivist collectives is more aligned with kinetic objectives, rather than public perception or propaganda initiatives. This is especially true for Iranian-aligned hacktivists and proxy groups who are more deeply intertwined with military operations in the Middle East. These groups have expanded their operations from website disruptions into claims of large-scale data wipers, extortion, and cyberattacks targeting key infrastructure across the Gulf.

The Far Reach of Modern Hacktivism

Major geopolitical flashpoints in the Middle East have triggered waves of hacktivist activity that has spread across North America, with threat actors targeting supply chains, financial infrastructure, and operational technology and control systems.

Simultaneously, pro-Russian hacktivist groups, particularly NoName057, have been extremely prolific within the last year—carrying out two major illicit campaigns heavily targeting Ukraine, which then spilled over to more than 30 nations globally. The following breakdown contains statistics and targeting dynamics of pro-Russian hacktivist groups observed between July 2025 and 2026:

The Continuous Campaign Against Ukraine

Ukraine has been the primary target for pro-Russian hacktivist groups who seek to damage Ukrainian infrastructure and morale. Anti-Ukrainian content is constantly distributed through dedicated per-language channels, making it the most linguistically developed target spanning six languages. Involved channels each post near-identical translated content within minutes to hours of the Russian original, down to the same image file with identical SHA1 hashes, which suggests a sustained propaganda distribution operation.

This has resulted in alleged data breaches impacting Ukrainian General Staff, military enlistment offices, medical, and morgue databases to push a casualty-count narrative. It also has resulted in the defacement or disruption of websites of regional capitals and administrative centers, energy plants, water and power-adjacent infrastructure, and many more.

Spilling Over: Impact Across EU and NATO Allies

However, Ukraine is not the sole casualty of modern hacktivism. Recent pro-Russian hacktivist campaigns have spread to other EU nations and NATO members. Germany, the United Kingdom, and Spain have been observed to be priority targets, with threat actors targeting public transportation, federal and security agencies, municipal government and utilities, financial markets, and other infrastructure. In some cases, hacktivist campaigns manifest in the real-world, with physical sticker drives on municipal streets, alongside doxxing operations releasing alleged personal data and automated scans hijacking exposed CCTV camera systems across Europe.

Defend Against the New Wave of Hacktivism Using Flashpoint

As hacktivist operations continue to blur the boundary between digital disruption and real-world interference, organizations can no longer view DDoS attacks or low-level intrusions as simple background noise. Protecting critical assets requires proactive visibility into threat actor networks, early detection of targeting narratives, and primary source threat intelligence.

Request a demo today to see how Flashpoint provides actionable intelligence to help security teams, government agencies, and infrastructure providers identify, monitor, and mitigate emerging hacktivist campaigns before they impact operations.

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Insider Threat Report: Dark Web Recruitment & Access Trends

Flashpoint’s monthly analysis of insider threat recruitment, illicit access advertising, and threat actor activity targeting enterprise environments.

Unknowingly, a member of key personnel is living two separate lives. On the clock, they are a highly-trusted systems administrator, but in their personal time, they moonlight on the deep and dark web, advertising their trust and access to the highest bidder. One day, they get a simple offer: $15,000 in the crypto of their choice to approve a single push notification at 2 AM. They accept. By morning, the attacker walks away  with active domain admin credentials without the need for malware or cracking firewalls.

This is just one example of how insider threats lead to modern enterprise breaches. This year, Flashpoint uncovered 7,282 unique insider threat posts, with an average of 34 unique posts being posted daily. As perimeter security, EDR coverage, and other security tools mature, threat actors are finding it faster—and cheaper—to target the human element and simply buy an insider’s credentials or pay an employee to open the front door.

In a threat landscape where identity is becoming the primary attack surface, monitoring illicit marketplaces and recruitment efforts is critical. This new monthly report leverages Flashpoint’s Primary Source Collection (PSC) to analyze insider threat tactics, tracking active recruitment and advertising on dark web forums and encrypted networks.

The Insider Threat Landscape: July 2026

In July 2026, Flashpoint analysts identified a total of 12,653 insider posts. These communications include both threat actors attempting to recruit insiders in target organizations, as well as insiders advertising their services on illicit forums and marketplaces.

Of these total communications, Flashpoint observed 1,132 unique posts in July 2026.

Where Insider Threat Activity is Concentrated

Historically, the Telecommunications, Retail, and Financial industries are most adversely affected by insider threat activity. However, July 2026 findings noticeably deviate from this trend. Flashpoint found 58.6% of total insider threat posts affected “Other” industries—suggesting adversaries are diversifying their target base. Threat actors may be attempting to recruit within supply chain partners, logistic hubs, manufacturing platforms, and specialized service providers to find alternative entry points into target networks.

The following table shows a breakdown of unique insider posts by industry in July 2026:

Industry	Posts
Other	663
Financial	150
Retail	112
Technology	84
Telecom	74
Public Sector	43
Healthcare	3
Media	3
Total	1,132

Insider Threats: Recruiting vs. Advertising

Active insider threats work in two ways: an insider is “recruited” by a malicious outside party, or a malicious insider “advertises” their access and skills to an interested threat actor. Regardless, by leveraging this connection, insiders assist adversaries by exfiltrating valuable data, installing malware, sabotaging IT systems, or performing SIM swaps.

In July 2026, Flashpoint found that over 75% of unique threat actor posts came from insiders advertising their access to malicious third parties. This indicates a highly motivated internal threat landscape where disgruntled employees actively seek out buyers for corporate data and network entry points.

Protect Against Insider Threats Using Flashpoint

Insider threats are inherently difficult to detect using internal security controls alone because the malicious activity relies on valid credentials and legitimate access privileges. Relying solely on internal logs means security teams often only detect an insider threat after data exfiltration or system sabotage has already occurred.

Flashpoint protects organizations against insider threats through our Primary Source Collection (PSC) and specialized intelligence platforms:

• External Threat Intelligence & Early Warning: Flashpoint monitors deep and dark web forums, invite-only threat communities, and encrypted chat platforms to identify employee solicitations, stolen corporate domain mentions, and active recruitment attempts before an intrusion develops.
• Identity Protection & Infostealer Tracking: By tracking illicit marketplaces and infostealer activity, Flashpoint identifies compromised corporate credentials and active session tokens, preventing threat actors from utilizing purchased access.
• User & Entity Behavior Context: Flashpoint’s intelligence equips SOC, Security Operations, and Risk Management teams with adversary TTPs, enabling security operations to look for anomalous data downloads, off-hours access, or unauthorized software installation.

To learn more about how Flashpoint can help protect your enterprise from insider risk and monitor illicit underground communities, Request a Demo Today.

Frequently Asked Questions (FAQs)

What is the Flashpoint Insider Threat Report?

The Flashpoint Insider Threat Report is a monthly intelligence brief that analyzes trends, volume, targeted industries, and tactics surrounding insider threat recruitment and illicit access advertising on the deep web, dark web, and encrypted chat channels.

How does Flashpoint collect insider threat data?

Flashpoint collects data using its Primary Source Collection (PSC) engine, which actively monitors thousands of dark web forums, illicit marketplaces, and underground chat networks where threat actors and malicious insiders communicate.

What is the difference between insider recruitment and insider advertising?

Insider recruitment occurs when an external cybercriminal attempts to entice a corporate employee into assisting with a cyberattack. Insider advertising occurs when an employee or contractor proactively lists their legitimate access or services for sale on illicit marketplaces.

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Navigating AI-Driven Cyber Threats: Insights from Flashpoint’s 2026 GTIR Midyear Edition

In this post, we preview the critical findings of Flashpoint’s Global Threat Intelligence Report: 2026 Midyear Edition.

In the first half of 2026, the global threat landscape reached a clear operational inflection point: threat operations have fundamentally transitioned from human-led campaigns to machine-speed, AI-driven exploitation. As threat actors gain commoditized access to open-source AI technologies and actively deploy automated, safeguard-free tooling locally on private infrastructure, organizations face an accelerating hybrid risk environment.

Flashpoint’s Global Threat Intelligence Report: 2026 Midyear Edition

The Flashpoint Global Threat Intelligence Report: 2026 Midyear Edition anchors security leaders—from threat intelligence, vulnerability management, to executive leadership—in the data required to navigate this evolving threat landscape. Covering the period from January 1 to June 30, 2026, the report delivers timely insights backed by Flashpoint’s proprietary primary-source collection from over 3.9 petabytes of continuously monitored illicit sources.

Our midyear findings reveal several key metrics that highlight the speed and scale of the H1 2026 threat landscape:

• 22M+ threat actor posts discussed, shared, or advertised artificial intelligence toolkits for criminal deployment.
• 1.7B credentials and identity data points extracted across more than 7.4M unique compromised hosts globally.
• Nearly one-in-five (19%) of all vulnerability disclosures dropped with ready-made, functional exploit code.
• 45% period-over-period surge in Ransomware-as-a-Service (RaaS), with total victim volume reaching 6,256 even as victim payout rates dropped to a historic low of 28%.

Download the Flashpoint Global Threat Intelligence Report: 2026 Midyear Edition to gain:

1. A Clear Understanding of the Convergence Between AI and Cyber Threats
   From generating flawless phishing campaigns to automating vulnerability scanning and code obfuscation, discover how adversaries are optimizing for speed and cost-efficiency — utilizing AI as a force multiplier in their various illicit campaigns.
2. A Comprehensive Top-Down View of the Evolving Threat Landscape
   Gain full visibility of the threat landscape with Flashpoint’s primary-source collections and real-time threat intelligence.
3. Strategies for Proactive Defense and Risk Mitigation
   Move your organization beyond reactive incident response by leveraging Flashpoint’s comprehensive threat intelligence. Gain the foresight needed to strengthen defenses and optimize your security posture.

“AI is compressing the time between opportunity and exploitation. Capabilities that once took significant expertise, coordination, and time to develop are becoming faster to build, easier to scale, and harder to detect. Security teams are facing an adversary ecosystem that can use AI to iterate at unprecedented speed — the only way to keep pace is with primary-source intelligence that surfaces adversary behavior before attacks unfold.”

Josh Lefkowitz, Flashpoint Co-Founder & CEO

The Four Driving Themes Shaping the 2026 Threat Landscape

Artificial Intelligence (AI) Threats

During the first half of 2026, Flashpoint captured over 22M illicit posts discussing or advertising AI for criminal-related activities. By stripping ethical safeguards, custom malicious LLMs allow unsophisticated threat actors to automate complex phases of the attack lifecycle, including target profiling, malware evasion script creation, and zero-day exploit generation.

Information-Stealing Malware Threats

Infostealer malware harvested 1.7 billion credentials across 7.4 million compromised systems in H1 2026 alone, turning digital identity into the main entry point for enterprise intrusions.

Vulnerability Intelligence and Patching Management

19% (4,015) of all H1 2026 vulnerability disclosures arrived with ready-made exploit code. Adversaries deploy automated replication scripts almost immediately upon disclosure, eliminating manual remediation windows.

Ransomware Operations, Multi-Extortion Cartels, and Financial Risk

Despite a 45% surge in victim volume (6,256 overall), total on-chain revenue fell by 8% to $820M. Improved enterprise backups and incident response have driven payout rates down to 28%, prompting syndicates to demand larger sums from paying victims.

Proactive Security in 2026 and Beyond

The data shows that traditional enterprise security organizations are struggling to keep pace with modern threat cycles that are accelerated by illicit uses of AI. This continued convergence of AI engines and initial access vectors have further compressed attack timelines, making it nearly impossible for security teams to defend against them—especially if they are limited by traditional approaches to threat intelligence.

Equipping your team with primary-source threat intelligence is critical for protecting critical assets in 2026. Download the Flashpoint Global Threat Intelligence Report: 2026 Midyear Edition to gain the visibility and strategic clarity required to defend your organization.

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Beyond Cyber: How CTI Teams Are Solving Converged Threat Use Cases

In this post we explain how cyber threat intelligence teams are being expected to take on physical risk, how tradecraft overlaps, and how Flashpoint bridges the gap.

For years, the mandate of Cyber Threat Intelligence (CTI) teams has been narrow and well understood: track cyber threat actors, monitor for indicators of compromise, and defend the network. However, that mandate is widening. In today’s interconnected threat landscape, more CTI teams are being tasked with physical security, geopolitical and protective intelligence. Whether that is monitoring and securing executive travel, a facility, or an event, data shows that this new informal expansion is becoming an industry-wide shift.

What the Data Says About Cyber-Physical Security Convergence

The SANS 2026 CTI Survey affirms that CTI programs are being asked to cover more ground, including physical and geographical risk, without a proportional increase in headcount. Survey findings additionally emphasize that the risks CTI teams navigate increasingly span cyber, physical, and geopolitical domains simultaneously, rather than staying contained to the network.

Industry research confirms this shift from every angle:

• ASIS International: The security standards body developed formal Enterprise Security Risk Management (ESRM) guidance specifically to address how organizations struggle to unify physical and cyber risk into a single program with shared visibility.
• 2026 Physical Security Trends: Market analysis consistently identifies cyber-physical convergence and unified security operations as mainstream mandates rather than fringe concepts.
• International Security Journal: Analysis highlights a fundamental shift from reactive to proactive security, driven by the reality that digital and physical systems are now so closely linked that a compromise on one side rarely stays contained.

Taken together, the picture is consistent across independent sources: intelligence teams are being pulled toward physical and human risk, and most organizations are still early in closing the gap between that mission and the tooling built to support it.

Why Physical Security is a Natural Extension

It might seem like a jump from tracking ransomware to monitoring executive travel risk, but the underlying methodology is similar. Both rely on:

1. Situational awareness: Understanding the context around an event, whether digital or physical.
2. Data aggregation: Bringing together disparate sources into a coherent picture.
3. Predictive analysis: Identifying indicators of risk before they become incidents.

CTI analysts are already well positioned to bridge this gap. When an executive’s safety or a physical location’s security is at risk, the earliest warning signs are frequently digital via social media sentiment, localized chatter, and open-source discussions. Treating physical security as an adjacent mission means pointing skills a team already has at a new question, rather than starting net-new.

The Strategic Advantage: Breaking Down Operational Silos

Bringing these missions together has a practical benefit beyond the workload—it prevents security silos where digital and physical intelligence teams operate in isolation. When the same team that monitors cyber threats also informs physical security decisions, the organization achieves a more complete view of risk, reducing the chance that threats fall between the gaps of two disconnected functions.

Extending CTI to Physical Security with Flashpoint

Facing this convergence head-on doesn’t require a new platform, a new vendor evaluation, or creating a new discipline. Organizations leveraging Flashpoint Ignite already have the foundation needed to seamlessly extend their visibility into physical and geopolitical threat landscapes.

Using both Flashpoint Cyber Threat Intelligence (CTI) and Flashpoint Physical Security Intelligence (PSI), security teams can answer two essential questions: “what is this threat actor doing” and “what is happening right now around this specific person or place.” Both draw on much of the same underlying data and OSINT tradecraft, so extending into physical security only requires a change in Intelligence Requirements, not mastery of new systems or tools.

With Flashpoint PSI, organizations gain real-time access to mainstream sources where conversations about fast-moving events tend to surface first, plus a geospatial layer that maps that activity to a specific place. Analysts can also draw boundaries around geographic locations to monitor mentions of an executive within that area, or observe a venue on event day, seeing relevant activity as it surfaces. All of this can be accomplished using plain language, removing the need to learn secondary query syntax or lengthy manual processes to get started.

Navigating the Future of Converged Intelligence

The distinction between cyber and physical intelligence will likely keep blurring and Flashpoint is helping security teams on the ground level integrate these two functions. CTI teams that take on physical security as part of their mission shouldn’t be expected to abandon their core discipline. Instead, they should be given the workflows to apply it to a wider set of questions, using tools built to extend rather than replace the way they already work.

See how Flashpoint supports converged cyber and physical missions from a single platform. Request a demo to see what this could look like for your team.

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Flashpoint EASM: Industry-Leading Vulnerability Intelligence, Mapped to Your Internet-Facing Assets

Catch exposures before threat actors do. Here is how Flashpoint’s new module works and the top questions answered from our live demo.

Security teams don’t lose ground because they lack tools. They lose ground because they can’t see everything an attacker can.

This is the challenge we addressed in our latest Demo Day webinar introducing Flashpoint External Attack Surface Management (EASM), a new module inside our Ignite platform that gives security teams a continuous, attacker’s-eye view of their external attack surface, mapped directly to our proprietary vulnerability intelligence.

The Problem: Too Much Noise, Not Enough Context

Most security teams are dealing with three compounding problems:

1. Disconnected Data: Vulnerability data lives isolated from actual infrastructure. Knowing a CVE exists doesn’t tell you whether it affects your active environment.
2. Alert Fatigue: CVSS-only prioritization treats every “critical” score as an emergency, even when an asset isn’t internet-facing or exploitable.
3. Accelerated Threat Cycles: AI is speeding up how quickly threat actors discover and exploit vulnerabilities, making manual tracking impossible.

Layer on top of that the reality that most teams still track their perimeter with spreadsheets or a static CMDB, and you get a widening gap between what security teams think they own and what is actually exposed. This gap has a name: shadow IT.

Shadow IT Is a Growing Blind Spot

Shadow IT covers the domains, subdomains, and cloud instances that get spun up to get work done, without IT’s knowledge or approval. It’s not a fringe issue. According to Gartner, by next year, 75% of employees will be acquiring, modifying, or creating technology outside their IT department’s visibility, up from 41% just a few years ago.

These unmanaged assets sit outside inventory and outside the reach of any scanner that only looks at what’s already known. That makes them exactly the kind of infrastructure an attacker finds first, and exactly the blind spot Flashpoint EASM is built to close.

What is Flashpoint EASM?

Flashpoint EASM gives security teams a continuous, attacker’s-eye view of their external attack surface and maps that view directly to Flashpoint’s vulnerability intelligence. Instead of your team asking “are we affected by this?”, every time a new vulnerability is disclosed, EASM answers that question continuously, often before the answer is obvious anywhere else.

Flashpoint EASM is built on three capabilities that work together:

Continuous Asset Discovery

Flashpoint EASM continuously discovers and monitors internet-facing assets: domains, subdomains, and IPs. New discoveries flow into a dedicated triage inbox, so security teams can quickly accept and focus on what’s actually relevant instead of drowning in noise.

Vulnerability Mapping

Every discovered exposure is mapped to Flashpoint’s proprietary vulnerability intelligence, including our pre-NVD findings, KEV (Known Exploited Vulnerabilities) status, ransomware likelihood, and exploit maturity. This provides organizations with immediate context into the vulnerabilities that pose the most risk.

Customizable Alerting

Using EASM, security teams get alerted to the exact moment a new asset or vulnerability is detected. This alert is fully customizable by severity and is available inside one unified workflow via Flashpoint Ignite.

Discover, map, and alert. This loop gives organizations an intelligence-led view of their perimeter, so they can proactively outpace threat actors instead of being forced to react.

How Flashpoint EASM Works

In our live demo, Flashpoint walked through the EASM workflow, which can be found under “Assets and Identifiers” in the Ignite Platform.

Here’s how it works:

Step 1: Submit Seed Keywords

Onboarding starts with keywords, meaning domain and IP address assets your organization actually owns. Any already set up asset is automatically surfaced in Flashpoint Ignite—such as through our compromised credential monitoring—ensuring no duplicated setup work.

Step 2: Triage Discovered Assets

Once keywords are approved, EASM iterates on them to surface additional related infrastructure, domains and IPs alike, along with a discovery graph showing exactly how each asset was found. That traceability makes it easy to judge relevance at a glance.

Every discovered asset lands in one of three statuses:

• Owned: Assets in your tech stack. EASM continues discovering related infrastructure from these and links vulnerabilities to them.
• External: Assets relevant to you, but where you don’t need further discovery, just vulnerability linkage.
• Discarded: Assets you don’t need, removed from the triage feed entirely.

Step 3: Review the Vulnerable Assets Overview

In the main dashboard, the Vulnerable Assets page, security professionals can view total asset count, number of exposures, unique vulnerabilities affecting them, and total potentially vulnerable assets—in addition to criticality breakdowns for both domains and IPs.

From there, security teams can drill into:

1. Unique vulnerabilities, filterable by CVE or severity
2. Domains with vulnerabilities, showing exposure counts by severity and the last exposure date
3. Individual asset detail pages, showing products, versions, vendors, and ports, with vulnerabilities linked directly to the specific product version affected

Diving deeper into a surfaced vulnerability provides technical descriptions, solution information, and other affected products. Additionally, Flashpoint’s vulnerability database includes over 105,000 pre-NVD vulnerabilities, giving vulnerability management teams actionable indicators well before they show up in public sources.

Step 4: Set Up Alerting

Flashpoint EASM gives teams full control over signal versus noise. Whether that means getting notified the moment a critical vulnerability is disclosed, or reviewing a daily summary of your own schedule, EASM offers two alert types:

• Asset discovery alerts, either per-asset or as a daily rollup
• Vulnerability alerts, filterable by criticality (critical, high, medium, low), with the option for in-app only or in-app plus email, and available as a daily rollup

Why Flashpoint EASM Matters

1. Flashpoint EASM isn’t just another scanning tool. The intelligence underneath it is the differentiator: discovery tells you what’s out there, Flashpoint provides the much-needed context to tell you what’s dangerous right now.
2. The intelligence includes coverage that can’t readily be found elsewhere: Flashpoint’s independently researched data includes pre-NVD findings, improved KEV coverage, ransomware risk scoring, and exploit maturity.
3. It closes a blind spot teams have quietly lived with: EASM closes shadow IT gaps and surfaces assets sitting outside inventory entirely.

Flashpoint External Attack Surface Management gives security teams a continuous, intelligence-led view of everything a threat actor sees, so organizations can find and fix exposures before they’re exploited. To see it in action in a personalized walkthrough of your own environment, reach out to schedule a demo.

EASM Frequently Asked Questions (FAQs): What Security Teams Want to Know

What makes Flashpoint EASM different from other EASM solutions?

Most EASM tools stop at raw discovery, telling you an asset exists without telling you whether it matters. Flashpoint EASM pairs continuous asset discovery with a triage inbox to cut noise, then maps every asset directly to Flashpoint’s proprietary vulnerability intelligence, all natively inside Ignite alongside CTI and Vulnerability Intelligence. That combination means prioritization is based on real attacker activity, not just an asset inventory, giving remediation teams the exact context they need to proactively address risk.

What makes Flashpoint’s vulnerability intelligence unique?

Flashpoint’s database covers 400,000+ vulnerabilities, including 105,000+ not found in NVD or CVE, often surfaced up to two weeks earlier than public sources. Every entry is enriched with threat-informed context like EPSS scores, ransomware likelihood, exploit maturity, and MITRE ATT&CK mapping, then reviewed by human analysts, not just automated feeds. The result is prioritization based on real-world exploitation risk rather than CVSS alone.

Can existing monitored assets be imported into Flashpoint EASM?
Yes. EASM integrates closely with Flashpoint’s existing assets module, so assets already set up (for example, for compromised credential monitoring) surface automatically during onboarding.

Is there a limit on discovered assets, beyond the 30-keyword cap?
No. The 30-keyword limit only applies to initial seed keywords, to keep that starting set relevant. Once assets are marked owned or external, there’s no cap on ongoing discovery.

How does continuous polling compare to traditional scanning?
Traditional scanners give you a point-in-time snapshot. EASM continuously discovers assets and vulnerabilities, giving you a moving view of your exposure, essentially the same view an attacker would have in real time.

Does EASM identify compound risk, where multiple weaknesses increase exploitability together?
The Vulnerable Assets view surfaces how many vulnerabilities are tied to a given asset, so teams can quickly spot assets carrying disproportionate risk and prioritize accordingly.

Does EASM overlap with SBOM alerting?
Not exactly. SBOM alerting monitors vulnerabilities in assets you already know about. EASM is focused on discovering the assets you don’t know about yet. Most mature security programs benefit from running both in tandem.

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The Flashpoint Method: Prioritizing Vulnerabilities in an Era of AI-Accelerated Discovery

We outline Flashpoint’s practical, repeatable framework for prioritizing vulnerabilities based on real-world risk, exploitability, and business impact.

Organizations are gaining new ways to identify vulnerabilities at scale, thanks to new generations of powerful AI models. However, security teams still face the same fundamental question: which vulnerabilities actually matter?

Vulnerability management teams have increasingly struggled to keep pace with growing disclosure volumes. From January 1, 2026 to June 30, 2026, Flashpoint tracked 21,667 vulnerabilities, an 8% period-over-period increase, with one-in-five containing publicly available exploit code at time of disclosure. At the same time, the gap between disclosure and exploitation continues to shrink, with some vulnerabilities weaponized in as little as 24 hours.

Flashpoint’s Method for Threat-Informed Vulnerability Prioritization

Recent developments such as Anthropic’s Mythos model have highlighted the growing potential for AI-assisted vulnerability discovery. As advances in code analysis enable researchers and organizations to identify software flaws at unprecedented speed and scale, the volume of discovered vulnerabilities is set to potentially increase significantly across software ecosystems.

That’s why we created this guide, The Flashpoint Method for Threat-Informed Vulnerability Prioritization, a practical, intelligence-driven framework designed to help vulnerability and exposure management teams cut through the AI-driven noise and focus on the vulnerabilities that matter most. By incorporating real-world exploitation activity, threat actor behavior, asset exposure, business context, and remediation considerations, organizations can make faster, more informed decisions and reduce risk more effectively.

Download to gain:

1. A clear, threat-informed prioritization framework: How to assess which vulnerabilities demand immediate attention, and why — moving beyond static severity scores alone.
2. Core and expanded prioritization checklists: Criteria spanning asset criticality, active exploitation, CVSS severity and ransomware risk, social risk and community chatter, business context, compensating controls, zero-day status, KEV inclusion, EPSS scoring, ease of remediation, and vulnerability age.
3. How to operationalize prioritization at AI scale: Insight into how Flashpoint’s vulnerability intelligence platform and analyst expertise help teams keep pace as AI-assisted discovery accelerates disclosure volume.

Prioritize Vulnerabilities More Effectively and Faster Using Flashpoint

While increased visibility into vulnerabilities is ultimately a positive for defenders, it amplifies a challenge security teams already face—separating which vulnerabilities represent meaningful risk to your environment and require immediate action.

Download The Flashpoint Method for Threat-Informed Vulnerability Prioritization to learn how Flashpoint’s vulnerability intelligence helps organizations triage, prioritize, and remediate risk more effectively.

Frequently Asked Questions (FAQ)

What is threat-informed vulnerability prioritization?

Threat-informed vulnerability prioritization is the process of evaluating vulnerabilities based on real-world risk rather than severity scores alone. It incorporates factors such as active exploitation, exploit availability, threat actor activity, asset exposure, business context, and remediation considerations to determine which vulnerabilities require immediate attention.

Why is vulnerability prioritization important?

Organizations face thousands of newly disclosed vulnerabilities each year, while security teams have limited time and resources to remediate them. Effective vulnerability prioritization helps organizations focus on the vulnerabilities most likely to be exploited and most likely to impact their environment.

How is AI changing vulnerability management?

AI-assisted code analysis is enabling researchers and organizations to identify software flaws faster and at greater scale. While increased visibility into vulnerabilities benefits defenders, it also increases the volume of vulnerabilities that security teams must evaluate, making effective prioritization even more important.

Why isn’t CVSS enough for vulnerability prioritization?

CVSS provides a standardized measure of technical severity, but it does not account for whether a vulnerability is actively being exploited, relevant to your environment, or likely to impact your business. Effective prioritization combines severity with threat intelligence and organizational context to assess real-world risk.

How does Flashpoint help organizations prioritize vulnerabilities?

Flashpoint combines analyst-driven vulnerability intelligence with real-world exploitation data, threat actor insights, asset exposure, and business context to help organizations identify the vulnerabilities that pose the greatest operational risk. This intelligence supports faster, more informed remediation decisions and operationalizes threat-informed vulnerability management at AI scale.

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Understanding Illicit Ecosystems: Inside Rehub’s Rise as a Primary Ransomware Marketplace

As part of our ongoing series, Flashpoint intelligence tracks Rehub, breaking down its migration, infrastructure, and the various RaaS groups sponsoring and partnering with it.

What is Rehub?

Rehub, also known as ReHub or RehubCom, is a Russian-language cybercrime forum founded in August 2025 by a former XSS moderator following its shutdown in the summer of 2025. Rehub dedicates itself to the commercial and marketplace use of ransomware, while its counterpart, DamageLib, serves as a knowledge base archive and exchange.

Operating both on Clear Web domains and an onion domain, the forum positions itself as free from state and law enforcement interference, framing existing XSS iterations as compromised. After law enforcement seized the RAMP (RAMP4U) forum in January 2026, Rehub absorbed a significant portion of the displaced cybercriminal community and became one of the primary destinations for ransomware operators.

Who Are Known Members of Rehub?

There are many notable threat actors among Rehub moderators and users, including ransomware operators, vendors, and other prominent threat actors active across several illicit communities. Several current or ex-Rehub moderators were also maintainers of other illicit forums such as XSS, DamageLib, and RAMP.

Notably, Ransomware-as-a-Service (RaaS) groups such as DragonForce have maintained an active presence on the platform to market their affiliate programs. Flashpoint assesses that DragonForce is likely the forum’s primary sponsor or partner, as their banner is permanently displayed on the forum’s home page, with both logos merged—similar to its previous placement on RAMP. 

Other active RaaS include:

• The Gentlemen
• CHAOS ransomware
• Anubis
• LockBit
• DevMan

What Does Rehub Infrastructure Look Like?

As of July 2026, Flashpoint intelligence observes over 8,300 active users, 15,000 posts, and nearly 3,000 threads. Despite being free to join, Rehub practices a zero trust policy, which was established in mid-April 2026. Under this system, the forum restricts newly registered users from accessing any section other than its Sandbox. Users can also purchase paid upgrades:

• Premium status (gold rank): Costing US $100 per year, this rank grants distinctive color, custom title, nickname changes, unlimited post editing/deletion, extended signature, unlocks all hidden text regardless of post count, likes, join date, ability to bump commercial threads, and inherits all lower-tier perks. 
• Patron status (pink/magenta rank): Costing US $5,000 per year, this rank grants custom title editing, a personal profile link, custom styling for posts, profile, and postbit, and inherits all “Premium” perks.

What are the Various Rehub Forum Sections?

Rehub sections, similar to other forums, are grouped by major activities, separating the knowledge base from commerce and from general discussions.

Sandbox

Serves as an entry-level general discussion area and a place for community questions. Main activity consists of queries about operational security, introductory networking, and entry-level fraud or malware logistics.

Technical

Covers threads ranging from traditional network infrastructure vulnerabilities to emerging technologies such as AI jailbreaking and deepfake social engineering. Highly active, most communications focus on network vulnerabilities and carding.

Programming (Development)

This is a dedicated space for discussions on software engineering, system administration, and web optimization within the forum. Primary activities include sharing programming language tutorials, comparing backend technologies, and developing specialized automation tools.

Library

Serves as a repository of resources for the forum, hosting the most threads and community engagement. Users share operational materials, leaked databases, and utility software. Additionally, this section aggregates cybersecurity and tech industry news and articles.

Supermarket

This is a commercial section featuring ransomware affiliate programs, compromised network access, malware tools, stolen financial data, bulk spam infrastructure, forged documents, anonymous hosting, and crypto laundering services.

Arbitration

Serves as the forum’s internal justice system, where members resolve financial disputes and flag scammers. The “Black List” subsection functions as a public record of bad actors and scam sites.

Administration

This is where forum staff post announcements, policy updates, and operational notices, including rules, official domains, forum news, moderator applications, and 2FA requirements. Members use it to ask questions, request escrow services, propose features, and raise concerns about the forum’s public image.

Monitor Illicit Marketplaces Using Flashpoint

Flashpoint will continue to monitor Rehub’s marketplace activity and infrastructure updates. Rehub’s rapid evolution from a post-XSS refuge to a heavily sponsored ransomware marketplaces demonstrates the resilience of the cybercrime ecosystem. 

Positioning itself as the primary ransomware marketplace, Rehub has built a high-barrier, high-reward environment for sophisticated threat actors. Request a demo to learn how Flashpoint delivers visibility into illicit communities—empowering security teams to track threat actors, identify exposed assets, and mitigate ransomware risks.

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Inside Qilin Ransomware: Custom Rust Loader and Kernel-Level EDR Killer

In this post we analyze Qilin ransomware’s new custom Rust loader, break down the inner workings of its sophisticated kernel-level EDR killer, and explore how organizations can defend against these aggressive defense evasion tactics. Flashpoint customers can access the full intelligence report—complete with deeper technical analysis and all associated IOCs—directly within Flashpoint Ignite.

Qilin ransomware is a highly active and sophisticated ransomware operation that has rapidly modernized its evasion techniques. Historically focused on file encryption, the ransomware-as-a-service (RaaS) group has expanded its operations to include aggressive, kernel-level defense evasion. By deploying a specialized toolkit, Qilin now focuses heavily on blinding and permanently disabling endpoint security products before its main ransomware payload is executed on a victim’s network.

Flashpoint has observed Qilin quietly deploying a previously unreported custom packer, which has been actively observed in wild samples since May 2024, with continuous use detected as recently as last month.

Here’s how Qilin works:

How Qilin Ransomware Uses a Custom Rust Loader for Reflective PE Loading

Flashpoint analysts observed a custom Rust-written loader that performs reflective Portable Executable (PE) loading of the ransomware payload. After deobfuscation, the code execution jumps to the newly unpacked executable within the same process, avoiding noisier process injection techniques. The following is an overview of the decompiled unpacking routine:

The unpacking routine then reads each DWORD from the embedded bytes, allocates it on the heap, and performs multiple mathematical operations to deobfuscate. Flashpoint notes that the calculations and values used were unique to each sample, but the underlying methodology remained the same.

Manually performing the calculations in the sample confirms the presence of the embedded binary, with the first deobfuscated DWORD yielding an ‘MZ’ header in little-endian format.

To better understand Qilin, Flashpoint analysts created an automated unpacker and configuration extraction script that uses CPU emulation to address the issue of unique calculations per sample. This script uses pattern matching to locate the unpacking routine within the binary. It then reads the disassembly, identifying specific points in the code at which emulation should start and stop.

Reading the disassembly directly avoids issues arising from hardcoded offsets, such as when threat actors add or remove code, or when the compiler introduces changes. Additionally, it provides a smaller set of instructions for emulation, avoiding WinAPI calls and other invalid memory errors that often occur when emulating a full binary.

After additional setup, including mapping the sample into the emulator’s memory and creating a fake heap, the unpacking routine runs successfully.

The script then performs configuration extraction from the deobfuscated bytes produced by the CPU emulation, achieving a 100% success rate.

How Qilin’s New EDR Killer Blinds Security Products

An additional update with Qilin is its new endpoint detection and response (EDR) killer, which Flashpoint found to be sold on illicit marketplaces for US $2,000. This is packed via the Shanya packer—which was sold on XSS for US $100 to US $150 back in 2024. The packer is highly sophisticated, and uses several techniques that make it difficult to analyze, such as junk code, application programming interface (API) hashing, IAT hooking, pattern scanning, and VEH code execution flow.

Once unpacked, the EDR killer starts by using dynamic API hashing and PE walking to resolve a number of useful NTAPI functions it will use throughout the process, and stores them in a structure located within the GdiHandleBuffer within the Process Environment Block (PEB).

The structure stored in the PEB itself looks as follows:

The API hashing algorithm is simple: it performs a bitwise OR of each character of the API name with hexadecimal value 0x20 to convert any and all uppercase characters to lowercase, then performing additional simple calculations.

The EDR killer compares the returned locale to a known locale blacklist to avoid attacking any Commonwealth of Independent States (CIS) countries such as Russia and Belarus.

The malware then attempts to give itself the following privileges by dynamically resolving and calling RtlAdjustPrivilege():

• SE_PROF_SINGLE_PROCESS_PRIVILEGE
  • Required to gather profile information for a single process.
  • Used later to create a map of the victim machine’s physical memory space.
• SE_DEBUG_PRIVILEGE
  • Required to debug and adjust the memory of a process owned by another account.
• SE_LOAD_DRIVER_PRIVILEGE
  • Required to load or unload a device driver.

Abusing Vulnerabilities to Map Physical Memory

The EDR killer then writes a vulnerable driver to disk and loads this driver via Service Manager. This driver is the ThrottleStop driver from TechPowerUp LLC’s free and legitimate application of the same name, used to bypass CPU throttling. However, the driver suffers from a vulnerability, allowing the malware to map physical memory to kernel-mode virtual memory to perform direct kernel read and write operations.

Qilin weaponizes this vulnerability by feeding its EDR killer physical memory addresses, as the driver relies on the API to map physical memory to a kernel-mode virtual address. To achieve this, the EDR killer builds a physical memory map using a Windows memory management service that preloads frequently used applications into RAM.

1. First it gathers baseline information about all physical memory blocks. Because memory pages (typically 4KB) are allocated to physical blocks, hundreds of virtual pages can point to a single physical range.
2. It then calls the service to obtain detailed Page Frame Number (PFN) details. The malware stores this complete mapping in a global variable, giving it a reliable, built-in translation table between virtual and physical memory spaces.

Bypassing Driver Signing Checks

To run its own malicious tools, the EDR killer must first bypass Windows’ driver signing enforcement. Normally, Windows uses a built-in verification check to block unsigned or blacklisted drivers from loading. The malware tricks Windows into disabling this gatekeeper using a simple swap:

1. The malware finds a specific kernel function and uses its physical memory map to pinpoint its location.
2. It commands the vulnerable driver to scan this memory area for a specific byte signature. This leads directly to the Code Integrity callback table.
3. Within this table, the malware locates the built-in verification check and “patches” it with a harmless, dummy function.

Blinding Security Products

With driver signing checks completely bypassed, the malware uses its read/write primitives to dismantle system callbacks, it identifies and targets:

• Process notify callbacks
• Thread notify callbacks
• Image load notify callbacks
• Registry callbacks and minifilters

Rather than conducting a blanket unlinking of all system callbacks, the EDR killer checks the address of each callback. If the address falls within a memory range owned by a security product on its hardcoded blacklist, Qilin surgically unlinks it by zeroing out the pointer with null bytes.

Next, the EDR killer drops and loads its own custom driver, which appears to Windows as purpose-built. Once loaded, the Qilin EDR killer gets all relevant running processes. For any processes running that match a hardcoded list, it stores the Process ID in a vector.

For every PID found, the malware sends a message to a driver. At a high level, the driver finds the full path of the target executable, makes it unreadable, unwriteable, and undeletable to any and all users, and then terminates the process.

Interestingly, the Qilin EDR killer performs a Discretionary Access Control List (DACL) modification on the target security product executable. The driver creates a new empty ACL header and sets the flag SE_DACL_PRESENT to TRUE. This is significant because a null DACL and empty DACL are not the same. A null DACL grants everyone access, whereas an empty DACL grants no access. This process makes it so that the security product’s executable can no longer be executed without needing to delete the file like other EDR Killers. Once the driver then terminates the executable, it can’t be restarted.

Once everything is completed, the EDR killer unpatches the Code Integrity Check to avoid triggering PatchGuard and then exits.

Defend Against Qilin Using Flashpoint

The sophisticated kernel-level manipulation highlights a rapidly expanding trend in the broader threat landscape: the proliferation of highly effective malware designed purely to disable enterprise-level security products. Qilin’s integration of these techniques demonstrates how the EDR killer market is maturing in the cybercrime underground, transitioning from a niche capability into a standard prerequisite for high-impact ransomware operations.

As security platforms continuously improve their detection mechanisms, Flashpoint believes the threat landscape surrounding anti-EDR tools will only grow larger and more aggressive, forcing organizations to focus on protecting the kernel and detecting rogue driver deployments. To learn more about Qilin and the latest advancements in ransomware, request a demo.

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Understanding Illicit Ecosystems: How Dark Web Forums Structure Cybercrime

As part of our ongoing series, we analyze how dark web forums operate, breaking down Flashpoint’s tiered classification system and examining how specialized, hybrid platforms function together as an interconnected cybercrime supply chain.

When a high-profile data breach hits headlines, the default assumption is often to view the dark web as a single, centralized marketplace where any illicit service or tool can be bought. While many illicit forums aspire to be seen as a “one-stop shop,” the reality is that the underground economy relies on an interconnected network of specialized hubs that each align with distinct phases of the cybercrime lifecycle.

To understand how cybercrime thrives, it is vital to learn how these online spaces survive and how they play their parts in graduating threat actors from entry-level novices to sophisticated adversaries.

Navigating the Cybercrime Ecosystem: Entry Barriers and Forum Tiering

An illicit community’s survival hinges on its operational value and culture, which is ultimately created by its supporters. In a low-trust environment filled with cybercriminals, hidden law enforcement, and security researchers, these digital spaces are inherently defensive. To protect their communities from competitors’ attacks, surveillance, and eventual takedowns, forums implement rigorous gatekeeping mechanisms.

As such, Flashpoint organizes the cybercrime ecosystem into a tiered structure, separating them into low, mid, or top-tier forums, defined by several key factors such as: 

• Entry Barriers: The financial or reputational requirements for a user to join the community, indicating the forum’s exclusivity.
• Technical Expertise: The collective technical skills and proficiency of the forum’s members.
• Trade Quality: The quality and value of illicit goods and services exchanged, such as advanced hacking tools or high-value data leaks.
• Operational Security (OP SEC): The extent to which the community upholds strict security protocols and practices.

By analyzing these vectors, the ecosystem naturally separates into three distinct operational tiers.

Low-Tier Forums

These communities are easily accessible, often requiring a small fee or completely free registration with little to no vetting. They host less sophisticated users, beginner hackers, and minor data brokers seeking free material. Because the technical barrier is low, these spaces primarily share low-cost, high-volume data, including large data leaks, generic phishing guides, unchecked stolen accounts, and cracked software.

Consequently, these environments face a persistently high risk of scams and poor quality data. Within low-tier forums, reputation is often built by sharing free data or purchasing a rank or upgrade which is viewable by other users.

Mid-Tier Forums

Moderately accessible via both Tor and the clearnet, entry into these spaces typically require a vouch from an existing member, a minimal registration fee, or an initial deposit. These platforms concentrate on large-scale fraudulent activity and the exchange of various datasets—including bulk carding data, stolen credentials, stealer logs, phishing kits, botnets, and various malware.

The user base includes a mix of vendors, experienced threat actors, affiliates of larger groups, and aspiring cybercriminals looking for training. To protect users from internal fraud, these forums heavily prioritize integrated escrow services and reputation systems, which can be improved by purchasing an internal high-tier status.

Top-Tier Forums

These are highly exclusive platforms dedicated to high-value, highly technical, and targeted criminal operations. New applicants face a stringent vetting process, typically demanding either a formal invitation or a substantial registration payment. This exclusive layer hosts highly skilled, professional threat actors, malware developers, and key decision-makers within major illicit groups.

This is the ecosystem where adversaries build trust through valuable technical contributions or community reputation points and execute complex money laundering schemes, trade zero-day exploits, facilitate ransomware-as-a-service (RaaS) partnerships, and conduct large-scale initial access broker sales.

What Are the Different Types of Dark Web Forums?

Once a community establishes its tier, it usually functions as a specialized hub linked to a specific stage in the overall cybercrime lifecycle. They do this to cultivate talent and expertise, which naturally bridges communities together, creating a supply chain where different forums handle distinct operational and structural needs.

General Information and Community Boards

Modeled after surface-web sites like Reddit, these platforms serve as social and informational hubs. Discussions prioritize coordination, reputation management, and the propagation of best practices regarding OPSEC. Users share news about cybercriminal arrests, look for advice on how to remain anonymous, report potential exit-scams, and provide detailed reviews of specific vendors, particularly those selling illicit drugs.

Financial Theft and Carding Forums

These semi-structured environments blend marketplaces with social networks, utilizing a professionalized supply chain for selling stolen cards, dumps, and fullz. To reduce internal fraud, they rely heavily on reputation-building tools like verified seller statuses and integrated refund systems for invalid data. To ensure operational longevity, they are typically hosted on bulletproof infrastructure located in states that do not comply with international takedown requests, such as the Russian Federation.

Data Leak Forums

Depositories for stolen databases where raw breach information is structured into a tradeable commodity. Leaks are listed by victim name and sector, allowing actors to quickly find credentials or corporate records to repurpose for credential stuffing, extortion, or identity fraud.

Cracking and Hacking Tutorials (Knowledge Bases)

Existing entirely for knowledge exchange and offensive techniques, threat actors share methods, tutorials, fraudulent schemes, and bypass techniques, often encouraging educational sharing through competitions.

High-Skill Exploit and Access Forums

Top-tier platforms hosting the “upper echelons” of the community, such as initial access brokers, exploit developers, and malware creators. They rely heavily on strict arbitration systems, mandatory vendor deposits, and escrow mechanisms to safely conduct high-impact transactions and corporate intrusions.

Low-Barrier Retail Forum

High-traffic segments trading mass-market digital goods like cracked subscription accounts, premium software, and online gaming assets. Characterized by an exceedingly low barrier to entry and a relatively young user base seeking quick profit without the capability for advanced, complex operations.

Map the Illicit Pipeline Using Flashpoint

What makes the cybercriminal ecosystem truly cohesive is that the lines between these various types of forums and communities constantly blur. Most illicit communities are hybrid and transitional, intentionally or naturally blending categories to cater to each other’s needs and boost monetization.

Hybrid forums frequently connect the how-to tutorials with actual stolen data and network access, effectively creating a structural pipeline for threat actor progression. Platforms like BreachForums combine the attention-grabbing aspect of a data leak site with a structured marketplace for selling logs and other sensitive data. This type of hybridization allows a threat actor to progress from a beginner reading tutorials to an active criminal deploying stolen data.

Monitoring these fluid structures and transitions is the only way to understand how threat actors develop, and how the interconnected cybercrime landscape shifts over time. Therefore, it is essential for security teams to look beyond cyber threats as isolated, and recognize the multi-platform strategies these actors employ. Request a demo to gain visibility into these threat actor communities and proactively defend your organization from across the entire cybercrime supply chain.

Check out the rest of our “Understanding Illicit Ecosystems” series:

Understanding Illicit Ecosystems: The Hybrid Threat of “The Com”

Understanding Illicit Ecosystems: XSS and the Current State of the Russian-Speaking Underground

Understanding Illicit Ecosystems: Weaponizing Mainstream Apps and Social Infrastructure

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Remus Stealer: A New, Not-So-New Infostealer

In this post, we explore the emergence of Remus Stealer, analyzing its structural and behavioral similarities to the infamous Lumma malware.

The underground marketplace rarely stays quiet for long. A new information-stealing malware dubbed Remus Stealer has surfaced in the cybercrime underground, exhibiting significant similarities to the notorious Lumma malware family across its administration panel, stolen log files, and core code structure.

Despite parallels in its code and functionality, threat actors are eagerly buying into the platform. In addition to its familiar features, it provides attackers with a distinct, modern command and control (C2) and networking infrastructure designed to slip past current security perimeters.

What We Know About Remus

Flashpoint first observed Remus appearing for sale within illicit communities in March 2026. The malware listing offers similar functionality to other popular Malware-as-a-Service (MaaS) offerings, including Google OAuth cookie restoration and Telegram channel integration for logs.

Much like the Lumma malware family, the Remus subscription service operates on a three-tiered access model:

• Basic: US$250
• Pro: US$500
• Enterprise: US$1,000

At this time, Remus has no additional channels or automated bots associated with its sale or distribution. Despite undeniable similarities to Lumma, its developer claims to not be a rebrand of the Lumma project.

Since March 2026, Remus has continued its operations mostly unhindered by negative associations associated with Lumma—particularly the doxxing of its panel in August 2025.

Similarities to Lumma

Similarities can be observed in the Remus and Lumma panels in both aesthetics and functionality. Both panels use similar assets for tab icons and have embedded advertisements for other illicit services such as packers and log clouds. Harvested logs also share extremely similar directory structures in log files, including unique identifiers.

Code-Level Overlaps

Remus is a 64-bit compiled binary, and Lumma was a 32-bit binary. However, major similarities between the code bases of both malware can be observed.

Upon execution of an unpacked sample, both Remus and Lumma will send warning messages to the user that the build is unpacked. This was a unique phenomenon first established by Lumma several years ago. In both Remus and Lumma samples, the pack check and window message are performed before the main functionality of the malware.

In both Remus and Lumma, a function is used first to check if the sample is packed, and a second function is used to send the window error message.

Remus uses similar string obfuscation methods to Lumma, in which each string has been uniquely encoded and then decoded during runtime. Deobfuscation occurs by looping byte by byte through encoded blobs. Each encoded string is obfuscated by a unique pattern. This can be seen in the code samples below:

Of note, both samples have at least one NOP instruction between the encoded blob being moved onto the stack and the deobfuscation loop.

Another unique feature of Lumma is the presence of a plaintext identifier string used to link customers to specific build generations. In Lumma, this string was referred to as the LID (Lumma ID), and this ID method appears in Remus as well as a “tag.”

Like the Lumma LID string, the Remus tag could be leveraged to attribute variant builds and campaigns to single threat actors or groups.

Additionally, both Remus and Lumma exhibit similar control flow obfuscation by replacing direct jumps with indirect jumps read from offsets that have been moved onto the stack, jumps computed from a jump table, and jumps resolved by a pointer.

Differentiators of Remus

Although Remus bears remarkable similarities to Lumma, its main differences lie in its C2 beaconing.

Before performing main stealer functionality, Remus will beacon out to its C2 infrastructure. It will attempt to resolve several domain:port combinations via POST requests, and attempt a final connection to find the C2 server using EtherHiding. If it is unable to connect, the malware will terminate.

After a connection is established, the stealer sends a POST request to the C2 in order to receive an access token. Once received and decoded, this access token is used to receive encrypted config data used by Remus to target assets on the victim system. Data collected for logs is then exfiltrated as encrypted POST data.

Protect Against Infostealers Using Flashpoint

Remus stealer represents a sophisticated continuation of the MaaS infostealer model left behind by Lumma’s collapse. While the developer asserts independence, the overwhelming code overlaps, matching obfuscation techniques, and administrative panels indicate that Remus is either heavily inspired by, or derived from the Lumma codebase. These traits have allowed it to thrive, providing threat actors with a familiar, robust alternative that sidesteps the reputational baggage and law enforcement scrutiny of its predecessors.

Flashpoint continuously tracks the latest developments in illicit communities, hard-to-reach adversary spaces, and malware repositories to identify emerging threats. Request a demo to learn how Flashpoint’s primary source collections and analyst insights empowers your security teams.

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America250 Fourth of July Threat Assessment

In this post we break down the intersecting cyber risks, physical security strains, and operational challenges shaping the security landscape for the historic Semiquincentennial celebrations.

As the United States prepares to mark its 250th anniversary this Fourth of July, the convergence of historic national celebrations, sprawling public events, and simultaneous high-profile sports tournaments is creating an exceptionally complex threat landscape. The multiyear national initiative “America250,” features over 1,200 synchronized grassroots gatherings under the “America’s Block Party” umbrella, with flagship events taking place in Washington DC, Philadelphia, Boston, New York, and Los Angeles.

Key Takeaways

While public sentiment surrounding America250 remains broadly positive, Flashpoint analysts have assessed the physical, cyber, and operational threat vectors that organizations, security teams, and municipalities must navigate during this high-visibility holiday weekend.

America250 Threats & Security Challenges:

1. Distributed Physical & Infrastructure Strain: Massive tourism influxes will collide with ongoing 2026 FIFA World Cup matches in Houston and Philadelphia on July 4, putting historic operational pressure on metropolitan transit grids and soft targets.
2. Elevated Iconicity and “City of Concern” Status: Although no specific, credible plots have been confirmed, the National Mall events in Washington, DC have received their first-ever National Special Security Event (NSSE) designation. Meanwhile, the National Counterterrorism Center (NCTC) has officially designated Philadelphia a “city of concern” due to the volume of synchronized events.
3. Ideological Protest Dynamics: Activist groups are organizing a significant anti-authoritarian march in Philadelphia. While expected to be peaceful, open-source chatter indicates a portion of attendees plan to exercise their license to carry firearms.
4. Disruption & Cyber Threat Vectors: Cyber threat groups, ransomware operators, and hacktivists are expected to attempt to exploit thin holiday IT staffing. Threat vectors range from mass public-transit ticketing fraud to high-consequence digital hoaxes involving rogue cellular infrastructure.

Physical Threat Vectors

Transportation and Infrastructure

Flashpoint assesses that “lone wolf” actors motivated by various ideological grievances, including those inspired by foreign terrorist organizations (FTOs), pose the most likely threat of disruptions to transportation infrastructure during America250 events. This threat is likely to apply to all major transport hubs during the event, including Washington DC, Philadelphia, New York City, and Boston. Attendees can expect to see an increased police and military presence near transit hubs at major events.

Event Threats

While no specific credible threats targeting America250 events have been identified, the July 4th events taking place on the National Mall in Washington DC, have been given a National Special Security Event designation, which is typically reserved for events deemed potential targets for terrorism or other criminal activity. This is the first time such a designation has been given to July 4th celebrations on the National Mall.

Memos released by the National Counterterrorism Center to security agencies also identified Philadelphia as a “city of concern” regarding potential targets for terror attacks due to the number and scale of events taking place on July 4th. Law enforcement officials have indicated that while no specific threats have been identified, increased security measures will be in place throughout the city.

Planned Protest

The Fayetteville Resistance Coalition, alongside Veterans Against Fascism, and the Women’s March is organizing an anti-authoritatian protest march in Philadelphia on July 4th—being the largest mobilization of military veterans in decades.

Flashpoint has identified chatter indicating that march attendees may be armed. However, Flashpoint has not identified any calls for violence at this protest and deem that actions will likely remain peaceful. Despite this, arrests may be possible if attendees gather in unauthorized areas or engage in civil disobedience.

Cyber Threat Vectors

Ransomware and Operational Technology (OT) Disruptions

Financially motivated threat actors frequently deploy ransomware during major US holiday weekends when corporate and municipal IT security staffing is historically thin.

Flashpoint analysts assess that attackers could target automated ticketing systems, regional rail signaling, and digital municipal transit grids. Disruption to public transit during the high-density travel window surrounding major events could induce logistical gridlock. Secondary targets include municipal water treatment facilities, local power grids, and emergency response (911) dispatch systems in primary host cities.

Hactivism

With hundreds of thousands of spectators gathering at prominent national landmarks, hacktivist groups seeking political leverage or global media visibility pose an elevated threat to public messaging infrastructure.

Compromising the digital billboards, stadium screens, or viewing decks used for America250 events presents an attractive vector for defacement. Adversaries may attempt to display political propaganda, anti-war messaging, or explicit content to captive, high-density crowds.

Event App Vulnerabilities and Data Harvesting

The decentralized nature of “America’s Block Party,” featuring over 1,200 grassroots events managed via localized apps, introduces software supply chain vulnerabilities.

Cybercriminals may target the ticketing infrastructure of high-profile, restricted-access events. Phishing campaigns, credential stuffing, or application programming interface (API) vulnerabilities within event-specific mobile applications could result in mass ticketing fraud, legitimate attendees being locked out, or crowd-control issues at venue gates.

Additionally, malicious actors frequently deploy spoofed public Wi-Fi networks around high-density tourist hubs to harvest sensitive personal data, financial credentials, and biometric profiles from unsuspecting attendees.

Protect People Using Flashpoint

To ensure attendee safety, safeguard operations, and protect public-facing brands, Flashpoint recommends implementing the following proactive measures:

1. Secure Public-Facing and Display Infrastructure: Implement strict access controls, multi-factor authentication (MFA), and offline fail-safes for all internet-connected digital signage, stadium screens, and public notification systems to prevent hacktivist defacements.
2. Audit Event Applications and Mobile Endpoints: Conduct rigorous vulnerability scans on event-specific APIs and ticket validation platforms. Advise personnel and contractors against posting photographs of official credentials, badges, or operational passes on public social media channels.
3. Establish Out-of-Band Incident Response Protocols: Prepare alternative communication channels and verified public-address messaging to immediately counter potential rogue emergency broadcasts, digital hoaxes, or localized telecom disruptions that could cause public panic.
4. Monitor High-Risk Overlap Zones: Cross-reference physical security deployment schedules in cities like Philadelphia where World Cup traffic, official America250 parades, and armed protest routes intersect near major transit networks.

Ensure your security team has full visibility into the cyber and physical threat vectors shaping this historic holiday weekend. Request a demo and see how Flashpoint equips organizations with the intelligence needed to detect, analyze, and mitigate emerging risks.

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Identity Is the New Attack Surface: How Infostealers Are Reshaping Enterprise Risk

Our new guide explores how infostealers are fueling modern identity-based attacks and how organizations can build a proactive defense before stolen access is weaponized.

The New Reality of Identity-Based Threats

A publicly exposed database surfaced in early 2026 containing more than 149 million stolen login credentials. The records were not tied to a single breach or organization. Instead, they had been quietly collected over time from devices infected with information-stealing malware, with each record containing usernames, passwords, session data, and the context needed to use them.

Unlike traditional breach dumps, this data was structured, searchable, and immediately actionable. Credentials were mapped to specific services, session artifacts reflected active logins, and much of the information was recent enough to enable direct access without triggering traditional security controls.

This incident reflects a broader shift in the threat landscape.

More than 11.1 million devices were infected with infostealers last year, fueling a supply of over 3.3 billion stolen credentials, session cookies, cloud tokens, and other forms of identity data now circulating across illicit markets.

For security teams, the challenge is no longer simply detecting a breach after it occurs. It is understanding when access may already exist — where compromised credentials are circulating, how they are being used, and how quickly they can be weaponized.

That’s why Flashpoint created Identity Is the New Attack Surface: A Guide to Infostealers and Proactive Defense.

Drawing on Flashpoint’s Primary Source Collection (PSC) and analyst-driven intelligence, this guide helps IT, Threat Intelligence, Fraud, and HUNT teams understand how infostealers operate, how stolen identity data fuels real-world attacks, and how organizations can move from reactive response to proactive defense.

The guide explores:

• How today’s most active infostealers power modern attack chains
• How threat actors weaponize stolen credentials, cookies, and session data
• How organizations can operationalize infostealer intelligence for proactive defense
• How to evaluate infostealer intelligence providers and detection capabilities

Why Identity Has Become the Preferred Attack Surface

For years, security teams focused on vulnerabilities, malware delivery, and network intrusion as the primary paths to compromise. Increasingly, however, threat actors are taking a different

Modern infostealers such as Lumma, StealC, Vidar, Acreed, and Rhadamanthys provide attackers with something more valuable than initial access: usable identity. These malware families collect credentials, browser artifacts, session cookies, application data, and host metadata that help threat actors understand how a victim authenticates and what systems they can access.

A single infected device can expose credentials, browser artifacts, session cookies, application data, host metadata, and access to enterprise SaaS platforms. Together, these artifacts create a detailed profile of how a user authenticates, what systems they access, and how those systems trust that identity.

This is what makes infostealer data so valuable.

“For years, organizations have invested heavily in detecting malware, blocking exploits, and hardening infrastructure. Meanwhile, attackers have increasingly shifted to a simpler strategy: logging in with valid identities.

Infostealers have fundamentally changed the economics of access. Threat actors no longer need to compromise a network directly when billions of credentials, session cookies, and authentication artifacts are already circulating in underground ecosystems. The challenge for defenders has risen from preventing compromise to identifying where access already exists and how quickly it can be weaponized.”

Ian Gray, Vice President of Intelligence at Flashpoint

Identity data is inherently reusable. A stolen credential can be tested across multiple services. A session cookie can potentially allow attackers to hijack authenticated sessions. Browser and host metadata can help threat actors recreate a victim’s environment and bypass security controls designed to detect suspicious logins.

What begins as a single infection can quickly evolve into access across multiple systems, applications, and organizations.

What Is an Identity-Based Attack?

Identity-based attacks occur when threat actors use legitimate credentials, session cookies, authentication tokens, or other identity artifacts to gain access to systems and applications. Rather than exploiting a vulnerability or deploying malware inside a target environment, attackers authenticate as trusted users using stolen identity data.

This shift is one of the primary reasons infostealers have become so valuable. Modern infostealer logs often contain far more than usernames and passwords. They may also include browser cookies, session information, host metadata, application data, and other artifacts that help attackers understand how a user authenticates and what systems they can access. When combined, this information enables account takeover, fraud, lateral movement, and other forms of identity-based abuse.

From Credential Theft to Identity Exploitation

The way threat actors operationalize stolen data is evolving just as rapidly as the data itself.

Historically, attackers often had to manually review stolen credentials and determine which accounts were worth pursuing. Today, that process is increasingly automated.

Infostealer logs can be aggregated, tested, and prioritized at scale, allowing threat actors to rapidly identify valid access across enterprise systems, SaaS platforms, VPNs, and cloud environments.

Flashpoint identifies this as a hybrid threat: the convergence of large-scale identity compromise and automated exploitation.

Once valid access is identified, attackers can move quickly. Credentials may be reused across services. Session data can be leveraged for account takeover. Access can be sold to ransomware operators, fraud actors, or other criminal groups. In many cases, exposure itself becomes part of the attack lifecycle rather than merely a precursor to it.

The result is a threat landscape where stolen identity data is not simply stored and sold. It is continuously tested, validated, reused, and operationalized.

Turning Exposure Into Actionable Intelligence

For defenders, prevention remains important. But prevention alone is no longer enough.

Organizations must also be able to identify when credentials, session cookies, and other identity artifacts have already been exposed and are circulating within underground ecosystems.

The earliest opportunity to intervene is often after data has been exfiltrated but before attackers have successfully operationalized it.

Achieving that visibility requires more than traditional breach feeds or aggregated datasets.

Flashpoint’s Primary Source Collection approach provides direct visibility into the forums, marketplaces, Telegram channels, malware repositories, and illicit communities where infostealer activity originates. Rather than relying solely on recycled breach data, Flashpoint continuously collects from the environments where stolen identity data is first shared, sold, and operationalized.

However, collection alone is not enough.

Raw infostealer logs are noisy, fragmented, and difficult to operationalize at scale. Flashpoint transforms these logs into structured intelligence through a multi-stage workflow that includes:

• Source ingestion from underground ecosystems
• Normalization and de-duplication of collected data
• Automated parsing and enrichment of credentials, cookies, host metadata, and malware attribution
• Structured output that supports alerts, investigations, and integrations across existing security workflows

This process helps defenders understand not only what was exposed, but who may be affected, how exposure occurred, what systems may be at risk, and how quickly action is required.

Building a Proactive Defense Across the Identity Layer

The rise of infostealers has fundamentally changed how organizations should think about attack surface management.

The attack surface is no longer limited to infrastructure, endpoints, or internet-facing applications. It now includes the digital identities of employees, partners, vendors, and customers.

Security teams need visibility into the identity layer itself — understanding where exposure exists, how attackers are leveraging stolen data, and what actions should be taken before access is exploited.

By combining direct visibility into underground ecosystems with structured, actionable intelligence, organizations can identify compromised accounts earlier, uncover infection trends, prioritize response efforts, and reduce the likelihood of downstream compromise.

Download Identity Is the New Attack Surface: A Guide to Infostealers and Proactive Defense to learn how your organization can build a proactive defense program across the identity layer.

Key Infostealer Statistics

According to Flashpoint research:

• More than 11.1 million devices were infected with infostealers in the last year.
• Over 3.3 billion credentials, session cookies, cloud tokens, and identity artifacts are circulating across illicit markets.
• Flashpoint analysts identified 30+ active infostealer strains being sold across underground ecosystems.
• Flashpoint’s credential database contains 48+ billion credentials, including more than 1 billion tied to infostealer activity.
• More than 4.2% of infostealer-exposed credentials include browser cookies that may support session hijacking.
• Flashpoint can collect and parse some infostealer logs within one to two days of infection.

Frequently Asked Questions (FAQ)

FAQ: Infostealers and Identity-Based Threats

What is an infostealer?

An infostealer is a type of malware designed to collect sensitive information from an infected device. Depending on the strain, this can include usernames and passwords, browser cookies, session tokens, saved payment information, cryptocurrency wallets, system metadata, and other identity-related artifacts.

How do infostealers work?

Infostealers infect a victim’s device and collect information such as credentials, browser data, session cookies, autofill information, cryptocurrency wallet data, and system metadata. The stolen information is packaged into files known as infostealer logs, which can then be sold, shared, or operationalized by threat actors.

What information can infostealers steal?

Depending on the malware family, infostealers can collect usernames and passwords, session cookies, authentication tokens, browser history, saved payment information, cryptocurrency wallet data, system information, installed applications, and other identity-related artifacts. The goal is to provide attackers with enough information to access accounts and impersonate legitimate users.

What are the most common infostealers?

The infostealer ecosystem changes rapidly, but Flashpoint analysts currently track strains such as Lumma (also known as LummaC2/Remus), StealC, Vidar, Acreed, and Rhadamanthys among the most prominent malware families driving credential theft and identity-based attacks.

Why are infostealers so dangerous?

Infostealers provide attackers with more than credentials. Modern infostealer logs often contain the context needed to use stolen data, including session information, browser artifacts, and device metadata. This allows threat actors to perform account takeovers, move laterally within environments, and gain access to business-critical systems. According to Flashpoint’s 2026 Global Threat Intelligence Report, more than 11.1 million devices were infected with infostealers last year, contributing to a pool of over 3.3 billion stolen credentials, session cookies, cloud tokens, and other identity artifacts.

What is an infostealer log?

An infostealer log is a package of data collected from an infected device. Logs may contain credentials, cookies, browser data, application information, host metadata, and other artifacts that help attackers understand how a victim authenticates and what systems they can access.

Can infostealers bypass multi-factor authentication (MFA)?

In some cases, yes. While multifactor authentication remains a critical security control, stolen session cookies and authenticated session data can sometimes allow threat actors to hijack existing sessions without needing to complete the MFA process themselves. Flashpoint found that more than 4.2% of infostealer-exposed credentials in its dataset were associated with browser cookies, highlighting the growing importance of session-based risk.

How do threat actors obtain infostealer logs?

Infostealer logs are frequently bought and sold across illicit marketplaces, forums, Telegram channels, and other underground communities. Many are distributed through Malware-as-a-Service (MaaS) offerings that make infostealer capabilities accessible to a wide range of threat actors. Flashpoint analysts identified more than 30 unique infostealer strains actively offered for sale across underground ecosystems.

How can organizations detect credential exposure from infostealers?

Organizations can monitor underground sources where stolen data is shared and sold, identify exposed credentials associated with their domains, and investigate related artifacts such as cookies, host metadata, and malware attribution. The earlier exposure is identified, the greater the opportunity to remediate before attackers operationalize access. Flashpoint collects and parses some infostealer logs within one to two days of infection, helping organizations detect exposure closer to the point of compromise.

What should organizations do if employee credentials appear in an infostealer log?

Organizations should immediately assess the scope of exposure, reset affected credentials, invalidate active sessions, review authentication activity, investigate the infected device, and determine whether additional accounts or systems may have been impacted.

How is Flashpoint’s approach to infostealer intelligence different from traditional breach monitoring?

Many organizations rely on aggregated breach feeds or credential dumps that may be weeks or months old by the time they are discovered. Flashpoint’s Primary Source Collection (PSC) approach provides direct visibility into the forums, marketplaces, Telegram channels, and underground communities where stolen identity data is first shared, sold, and operationalized.

In addition to collecting raw infostealer logs, Flashpoint parses and enriches the data with context such as malware attribution, session cookies, host metadata, browser artifacts, and affected identities. Today, Flashpoint’s credential database contains more than 48 billion credentials, including over 1 billion tied to infostealer activity, providing organizations with actionable intelligence rather than raw exposure data.

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Understanding Illicit Ecosystems: Weaponizing Mainstream Apps and Social Infrastructure

As part of our ongoing series, we focus on the shared infrastructure that fuels threat actors; the intersection of mainstream social media, open-source messaging platforms, and gaming communities.

Threat actors and their illicit communities do not exist in a vacuum. To scale their operations, coordinate financial fraud, deploy malware, and recruit new talent, threat actors must interface with the broader digital world. This means leveraging everyday, public digital spaces to facilitate illicit activity, effectively hiding in plain sight.

The Clearnet Threat Landscape: Hiding in Plain Sight

When conceptualizing the cybercriminal underground, it is easy to focus exclusively on Tor-based onion sites or restricted-access dark web forums and marketplaces. However, a massive portion of modern illicit activity thrives on the clearnet. Threat actors heavily utilize commercial social media and public messaging networks to coordinate fraud, deploy malware, and run public relations campaigns for their operations.

At first glance, conducting illicit operations on highly monitored, mainstream platforms seems counterintuitive. However, the massive, continuous volume of legitimate traffic on the clearnet provides a form of operational security. By blending into the noise, threat actors can maintain a highly accessible digital presence. This visibility is crucial for their business models: it allows them to maintain a low barrier to entry for potential recruits and targets who know exactly what markers to look for, or who are systematically funneled into these spaces.

How Threat Actors Weaponize Consumer Platforms

The misuse of mainstream communication tools has changed how threat actors interact. Rather than waiting for users to seek out the dark web, cybercriminals are actively meeting their targets or co-conspirators on platforms designed for daily socialization.

Discord

Originally built to connect gaming communities, Discord’s rapid growth and robust infrastructure have inadvertently made it a target for malicious activity. Cybercriminals treat the platform as a multi-functional tool for both technical infrastructure, social engineering, and radicalization.

On a technical level, advanced persistent threats (APTs) and other threat actors exploit Discord’s content delivery network (CDN) to host and distribute malware. Because traffic to Discord domains is generally trusted by corporate networks, threat actors can potentially use it to deliver payloads—such as infostealers and remote access trojans (RATs)—bypassing standard security perimeters.

Beyond hosting malware, extremist groups across various ideological spectrums often target the platform’s demographic, which skews heavily towards younger tech-savvy users. This group provides an impressionable pool of adolescents who may be susceptible to grooming, indoctrination, and recruitment into illicit operations.

Case Study: The Targeting and Recruitment Mechanics of “The Com”

While monitoring The Com, Flashpoint analysts have observed the systematic use of platforms like Discord, Roblox, and Minecraft to run predatory extortion pipelines. The mechanics of this ecosystem takes place through a multi-phase methodology:

1. Platform Scouting: Recruiters patrol servers on popular youth-centric gaming platforms, such as Discord, Roblox, and Minecraft. They look for minors showing signs of social isolation, depression, disordered eating, or a desire to belong.
2. Building Trust and “Love Bombing”: Initial engagements are seemingly harmless. However, trust is built quickly to establish a sense of indebtedness. Recruiters offer gifts such as in-game perks/currency, premium subscriptions, or other digital items. In some cases, a romantic facade is used to establish a connection. In either scenario, “love bombing” creates an immediate feeling of psychological obligation in the target.
3. Platform Migration: Once rapport is established, the recruiter moves the target away from the game and into an encrypted app or private Discord server, following a public-to-private strategy. By moving the interaction away from the original platform’s safety controls, the recruiter can isolate the target in a more controlled environment.

Once isolated, perpetrators coerce victims into sending sensitive imagery or CSAM. This material is immediately compiled and weaponized as leverage for blackmail via doxxing. This creates a severe psychological trap in which the victim feels compelled to partake in escalating illegal activity to keep their previous actions hidden. This drives the victim to transition from a victim into an aggressor to escape their own abuse.

Telegram

While many social media and messaging platforms can serve as an initial funnel for engagement, Telegram has been known to be used from time to time as an operational hub for the broader illicit ecosystem. Since the arrest of Pavel Durov, Telegram has begun working more closely with law enforcement, leading to several key arrests and major disruptions due to their cooperation. 

The platform occupies a unique space in threat intelligence and open source intelligence (OSINT). While the vast majority of its user base is entirely benign, its minimal moderation policy and robust channel architecture have made it vital to public and private intelligence gathering.

Telegram functions as an open marketplace and real-time coordination center for a vast spectrum of threat actors. Flashpoint has observed it being used by:

1. State-sponsored APT groups and hacktivists
2. Geopolitical actors and mercenary groups distributing battlefield intelligence and propaganda
3. Cybercriminal syndicates coordinating financial fraud schemes, check fraud, and the sale of compromised data.

Furthermore, threat actors routinely use other public-facing platforms like X (formerly Twitter) alongside Telegram to amplify their impact. They leverage the broad reach of social media to broadcast proof of their compromises, hype up ransomware leaks, and exert public pressure on corporate victims during extortion cycles. Concurrently, Telegram often acts as the backend repository where the stolen data is hosted, discussed, and monetized.

Monitor the Clearnet Using Flashpoint

The evolution of illicit ecosystems demonstrates that the lines between the dark web and the clearnet have intersected. Whether analyzing the activities of extremist and threat actor groups or tracking the predatory pipelines of The Com, defenders must look beyond traditional intelligence sources.

Because malicious actors rely heavily on consumer messaging apps and social platforms to coordinate attacks, leak data, and target people, monitoring these public-to-private pipelines is an essential component of threat intelligence. Uncovering these physical and cyber threats requires best-in-class threat intelligence and OSINT investigations capable of parsing the massive noise of the clearnet to find the signals of illicit coordination.

Request a demo to see how Flashpoint empowers security teams to monitor these decentralized threat landscapes to proactively protect their critical assets.

Check out the rest of our “Understanding Illicit Ecosystems” series:

Understanding Illicit Ecosystems: The Hybrid Threat of “The Com”

Understanding Illicit Ecosystems: XSS and the Current State of the Russian-Speaking Underground

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Understanding Illicit Ecosystems: XSS and the Current State of the Russian-Speaking Underground

In this post, we explore XSS’ shift from a unified forum to a scattered community spread across several competing factions.

What is XSS?

For more than two decades, XSS was the gathering ground for the Russian-speaking cybercriminal underground. Evolving from its former name, DaMaGeLaB, XSS evolved from a mid-tier message board into a top-tier hacking forum.

XSS is home to vendors of various crime types, including loaders, phishing, scamming, carding, malware development, distributed denial-of-service (DDoS) bots, and related services. It also facilitates the trade of illicit goods and services, while simultaneously serving as a networking and recruitment hub for threat actors.

XSS forum content falls within the following main sections:

• “Underground”: Includes most noncommercial content, such as sharing information on malware, vulnerabilities, and exploits, phishing, fraud, open source intelligence, artificial intelligence, and machine learning.
• “Programming, Development”: Includes posts and articles about programming languages and administration.
• “Library”: Includes news articles, databases, and discussions around software and tools. Users also post about vulnerabilities and exploits.
• “Business Decisions”: Users discuss different investments, the sale of digital goods, trading, start-ups of fraudulent businesses, and news about cryptocurrencies.
• “Lounge Zone, Resting”: Content involves lifestyle discussions, hobbies, and cybercriminal community rumors and scandals.
• “Trading Platform”: Users sell and look to buy network access, malware, counterfeit documents, and advertise their services. This is where users hire and look for work or partners.
• “People’s Court”: Used for complaints and arbitration and contains lists of phishing forums and scammers.
• “Ours”: Contains information about the XSS project, discussions on issues, suggestions, and initiatives for forum improvement.
• “Private: Underground”: Closed section for only forum members.

XSS Disruption: July 2025 Takedown

On July 23, 2025, law enforcement organizations reportedly seized XSS as part of a multinational operation with Ukrainian authorities, French police, and Europol. Alongside the domain seizure, French authorities reported the arrest of XSS’s longtime administrator in Ukraine.

This arrest triggered an immediate chain reaction that has had lasting effects on the Russian-speaking underground—with the XSS ecosystem splintering into several competing factions.

The Current State of the Russian-Speaking Underground

While the original XSS architecture was severely disrupted, the surrounding Russian-speaking cybercriminal ecosystem remains intensely active. However, instead of a centralized hub, the XSS ecosystem is spread out through competing environments that emerged directly from the fallout of the takedown.

DamageLib

Launched by the legacy moderators of XSS, DamageLib represents a structural pivot away from standard illicit forums. Concluding that the old XSS site was compromised by law enforcement, the moderators launched a new model that completely abandons commerce—shutting down all buying, selling, and auctions entirely—-to eliminate user tracking and surveillance. Instead, it focuses strictly on technical materials and tutorials.

Rehub

Recognizing that displaced cybercriminals still required a commercial venue to trade, a former XSS moderator launched Rehub quickly after the emergence of DamageLib. Rehub immediately integrated a commercial platform, successfully recruiting prominent threat actors into its moderation team to establish underground credibility.

The forum is still in its development stage, with its content being populated, and an active member base being built.

XSS[.pro]

In early August 2025, an unknown entity launched an alleged resurrection of the forum on a new domain [.pro], utilizing old backups that preserved legacy user data, threads, and forum deposits. However, this new version has been met with significant distrust from Exploit and DamageLib, believing the [.pro] domain to be a honeypot controlled by law enforcement.

XSSF Forum

Started by a pro-Russian Telegram hacking group, this community actively targets EU and Ukrainian digital infrastructure. According to user discussions on DamageLib, this forum is not related to XSS. In addition, Flashpoint analysts note that targeting Ukrainian infrastructure directly contradicts its original community rules. The authenticity of this forum and its ownership has not been verified.

Monitor a Fractured Underground Using Flashpoint

While law enforcement achieved a significant victory over XSS, they did not eliminate the Russian-speaking cybercriminal underground. Instead, they broke the foundational trust mechanics that had kept it centralized for twenty years.

This has left the Russian-speaking underground in a deeply fractured state that is still intensely active and highly adaptive. For defenders and analysts, this threat has not diminished—it has diversified. Tracking this ecosystem no longer means watching a single centralized community, but rather actively mapping out the live migrations, shifting rules, and behavioral patterns across these splintered groups.

Request a demo to learn how Flashpoint helps security teams aggregate intelligence from these scattered factions into a single source of truth, empowering your organization to proactively monitor and intercept emerging threats.

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The Mini Shai-Hulud Worm and the New Era of CI/CD Exploitation

In this post we break down the technical mechanics of TeamPCP’s recent campaign, the impact on the developer ecosystem, and the urgent steps needed to secure software supply chains.

The developer ecosystem recently faced one of its most significant architectural threats to date, with the threat actor group TeamPCP unleashing Mini Shai-Hulud—a self propagating worm and multi-ecosystem threat. Potentially affecting millions of developers and thousands of companies, Mini Shai-Hulud has fundamentally compromised the trust layer of modern CI/CD pipelines.

The operational tempo of Mini Shai-Hulud has accelerated with every campaign. What began as opportunistic credential theft has now evolved into a high-speed, automated operation that can compromise hundreds of packages in under thirty minutes. From the exfiltration of approximately 3,800 internal GitHub repositories to the poisoning of critical libraries like TanStack and AntV, TeamPCP’s campaign has been incredibly effective in exploiting developer tooling and identity infrastructure.

What is Mini Shai-Hulud?

Mini Shai-Hulud is deployed as a 498 KB obfuscated script executed using the Bun JavaScript runtime. The deliberate choice of Bun, rather than Node.js, is a tactical evasion technique as most endpoint detection and response (EDR) platforms and security information and event management (SIEM) solutions have behavioral rules tuned to Node.js execution patterns.

How Mini Shai-Hulud Works

The worm propagates by stealing npm and GitHub authentication (OIDC) tokens from developer environments, then using those credentials to publish malicious versions of packages the compromised user maintains. To accomplish this, the worm scrapes runner process memory to extract short-lived identity tokens, which it then exchanges for per-package npm trusted-publisher tokens without requiring any long-lived npm secrets.

Credential Exfiltration and Command-and-Control

Mini Shai-Hulud targets credentials across 130 file paths, including npm tokens, GitHub personal access tokens, AWS, GCP, and Azure configuration files, Kubernetes kubeconfig files, Docker credentials, HashiCorp Vault tokens, 1Password and Bitwarden CLI vaults, SSH private keys, and Bitcoin wallet files. 

Exfiltration occurs across multiple channels: the Session Protocol network, the GitHub Git Data API using dynamically created Dune-themed repositories on victim accounts, HTTPS to the threat actor-controlled domain, and an api for GitHub Actions workflow exfiltration.

The worm uses a dead-drop command-and-control (C2) architecture via GitHub’s public commit search API. An installed daemon (kitty-monitor, deployed as a systemd service on Linux or a LaunchAgent on macOS) polls GitHub for commits containing the string “firedalazer,” parses RSA-PSS-signed command payloads from matching commits, and executes them. This technique leverages GitHub as a trusted relay, making C2 traffic difficult to block without disrupting legitimate GitHub usage.

The worm then uses a persistence mechanism as a dead-man’s switch: a GitHub personal access token named “IfYouRevokeThisTokenItWillWipeTheComputerOfTheOwner” is created on compromised developer machines. If an operator revokes this token without first disabling the persistence mechanism, the worm destroys all home directory data on the compromised device.

AI Agent Hijacking

Beyond standard persistence mechanisms, Mini Shai-Hulud targets AI coding agents. The SafeDep analysis documents that the worm modifies Claude Code’s settings .json to insert a SessionStart hook, enabling the worm to be reinstated with full LLM API privileges even if the infected npm packages are later removed, or the npm cache is cleared. A similar technique targets Visual Studio Code’s tasks.json file using the “runOn”: “folderOpen” trigger, and Codex configuration files are also targeted.

These AI agent hijacking techniques represent a novel attack surface: by persisting within trusted AI tool configurations, the malware can exfiltrate all code and secrets processed by those tools during future development sessions.

Four Waves of Supply Chain Attacks

Flashpoint has observed at least four documented waves of TeamPCP npm and PyPI supply chain attacks in 2026, leveraging Mini Shai-Hulud to compromise developer tooling ecosystems and steal credentials, cloud keys, and source code across tens of thousands of organizations. 

The following timeline tracks the escalation of TeamPCP and the Mini Shai-Hulud waves throughout 2026:

Wave 1: Initial SAP Packages (April 2026)

The first documented wave of Mini Shai-Hulud attacks targeted a small number of SAP-ecosystem npm packages in April 2026. While TeamPCP had already proven their CI/CD attack capabilities in March 2026 by compromising Aqua Security’s Trivy scanner and Checkmarx KICS via GitHub Actions, this initial wave served primarily as a proof-of-concept for the self-propagation mechanism and a reconnaissance phase for TeamPCP’s access broker network. Further, these attacks demonstrated the group’s ability to compromise widely used security tooling—a development that significantly undermines defenders’ ability to trust automated CI/CD pipeline scanning results.

Wave 2: TanStack, Mistral AI, and Guardrails AI (May 2026)

Leveraging a GitHub Actions cache-poisoning technique, TeamPCP published malicious versions of 42 TanStack packages across 84 releases, impacting a project with over 518 million cumulative downloads. 

The attack also compromised Mistral AI and Guardrails AI, extending the attack surface to the AI developer tools ecosystem. Forged commit authorship was used to blend the attacker’s commits into AI-assisted development environments where Claude Code is commonly deployed.

TeamPCP simultaneously listed Mistral AI source code for sale on BreachForums, claiming possession of approximately 5 GB of data across 450 internal Mistral repositories.

Wave 3: AntV Ecosystem (May 2026)

Targeting AntV enterprise data visualization ecosystem, TeamPCP compromised the atool npm account, which held publishing rights across a broad catalog of AntV packages. In 22 minutes, 637 malicious versions were published across 323 packages—a scale and speed that overwhelmed standard security monitoring pipelines.

Each infected package contained the Mini Shai-Hulud worm, which, upon execution, created up to 2,500 compromised repositories on victim accounts within hours.

Wave 4: Co-Ownership of BreachForums and GitHub Breach

In the most recent wave, TeamPCP announced its assumption of co-ownership of BreachForums, the largest English-language cybercriminal forum currently active. This development significantly elevates TeamPCP’s standing and operational reach. As co-owners, the group stated it would manage platform operations, handle dispute resolution, staff and vet moderation personnel, and host monetary contests for the community. The announcement positions TeamPCP as both an active threat actor and a platform-level infrastructure operator, with the ability to shape forum policies, curate the availability of criminal tooling, and influence the broader access broker and ransomware ecosystem.

Additionally, by poisoning a GitHub employee’s development environment, TeamPCP exfiltrated approximately 3,800 internal GitHub repositories. Within the stolen data were highly sensitive codebases such as:

• copilot-api and copilot-token-service
• actions-runtime
• billing-platform
• enterprise-crypto
• authentication
• codeql-core
• detection-engineering
• csirt
• azure-config

Recommended Immediate Actions

Critically, the theft of internal source code from one of the world’s most widely used code hosting platforms creates incredible downstream risk for organizations that depend on GitHub Copilot and GitHub Actions for their own software development pipelines. Organizations running AI coding agents such as Claude Code and VS Code with extensions in their CI/CD pipelines face heightened exposure. Security teams should treat AI agent configuration files as sensitive assets subject to integrity monitoring and change-control policies.

If your organization uses npm, PyPi, or AI-assisted development tools, Flashpoint recommends the following immediate steps:

1. Audit and remove: Immediately audit CI/CD environments and remove all infected versions of AntV, TanStack, Mistral AI, and Bitwarden CLI packages.
2. Rotate credentials: Rotate all cloud credentials (AWS, GCP, Azure) and npm tokens.
3. Disable persistence first: Before revoking suspicious GitHub tokens, ensure the kitty-monitor daemon is disabled to avoid triggering the “dead-man’s switch” wiper.
4. Lock down IDEs: Restrict the installation of VS Code extensions to an approved allow-list and monitor for unauthorized changes to settings.json or tasks.json.
5. Block C2 infrastructure: Block all traffic to identified TeamPCP C2 domains.

Track TeamPCP and Defend against Mini Shai-Hulud Using Flashpoint

Flashpoint assesses with high confidence that TeamPCP will continue to scale its supply-chain attacks against npm, PyPI, and developer tooling ecosystems. The group’s shift from direct execution to orchestrating a broader ecosystem via BreachForums signals a maturation into a platform-layer criminal operation. While TeamPCP has hinted that the group may be approaching “retirement” due to law enforcement pressure, this should be treated with caution. Whether a misdirection or a genuine exit plan, the open-sourcing of Shai-Hulud means the tradecraft is available to the wider cybercriminal community.

Organizations should reference the OpenSSF npm Best Practices guidance for a practical baseline in hardening their package consumption posture. Flashpoint customers can gain access to known Indicators of Compromise (IOCs) and MITRE ATT&CK Mapping for Mini Shai-Hulud by logging into Flashpoint Ignite. To learn more about how Flashpoint tracks threat actor groups like TeamPCP and protects the software supply chain, request a demo.

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2026 Gartner® Magic Quadrant for Cyber Threat Intelligence: Key Takeaways for Security Leaders

We are proud to share that Flashpoint has been named a Challenger in the inaugural 2026 Gartner® Magic Quadrant for Cyber Threat Intelligence Technologies. 

“We see this recognition as a testament to Flashpoint’s ability to execute at the highest levels for the world’s most discerning threat intelligence customers, with our unique combination of primary source collection and human analysis at the core,” — Josh Lefkowitz, CEO at Flashpoint.

The Gartner Magic Quadrant provides organizations with a wide-angle view of vendors in the cyber threat intelligence market. By applying a graphical treatment and a uniform set of evaluation criteria, the Magic Quadrant helps organizations assess how well technology providers are executing their stated visions and performing against Gartner’s market view. Vendors are evaluated based on their Ability to Execute and Completeness of Vision:

• Ability to Execute reflects the Gartner assessment of the vendor’s product and/or service, overall viability, sales execution and pricing, market responsiveness and record, marketing execution, customer experience, as well as operations.
• Completeness of Vision comprises the Gartner view of the vendor’s overall market understanding, marketing strategy, sales strategy, offering (product) strategy, business model, vertical/industry strategy, innovation, and geographic strategy.

“We believe, and our customers consistently validate, that the future of threat intelligence lies at the critical intersection of intelligence depth and application,” says Lefkowitz. “That’s why Flashpoint pairs unmatched access to primary-source environments with the ability to operationalize that intelligence across security workflows, enabling organizations to make faster, more informed decisions.”

A complimentary copy of the Gartner® Magic Quadrant for Cyber Threat Intelligence Technologies is available to download here.

Market Dynamics and Growth of the Threat Intelligence Market

The threat intelligence market has expanded in both scope and strategic importance as organizations contend with a broader and more complex threat environment. What was once a supporting function within security operations is now expected to inform decisions across vulnerability management, fraud prevention, and enterprise risk. This shift has raised the bar for how intelligence is collected, analyzed, and applied.

Gartner describes this evolution as a move toward unified cyber risk intelligence (UCRI) — an approach that brings together diverse internal and external data sources with advanced analytical capabilities to improve decision-making. As noted in The Evolution of Threat Intelligence Is Unified Cyber Risk Intelligence, “the future of threat intelligence is unified cyber risk intelligence (UCRI)… defined by the convergence of multisignal collection and advanced analytical capabilities.” In our opinion, this model reflects the reality that no single source provides sufficient visibility, and that intelligence must be corroborated across environments to be actionable. 

At the same time, the scale of available data continues to increase, introducing new challenges around prioritization and context. Gartner notes that organizations “receive vast amounts of threat data, and filtering out false positives, redundant information and irrelevant alerts to extract actionable intelligence remains a significant challenge. This “noise” can overwhelm security teams and lead to important threats being missed.” This is where AI plays a growing role. Techniques such as machine learning and natural language processing are increasingly used to correlate signals, identify patterns, and surface relevant risks faster. As intelligence becomes more integrated across the enterprise, the ability to combine multisource collection with AI-driven analysis is shaping how organizations evaluate platforms and build modern threat intelligence programs.

How Security Teams Are Evaluating Threat Intelligence

From Flashpoint’s experience working with the most discerning security and intelligence teams, the value of a threat intelligence platform is measured in how it performs in practice — how quickly it surfaces relevant activity, how much context it provides, and how easily it supports decision-making across workflows.

We see three areas consistently shape how intelligence is evaluated, supported by a combination of human expertise and AI-driven analysis:

• Access to high-signal environments: Intelligence is most useful when it reflects activity at its source. Access to closed forums, encrypted messaging platforms, and illicit marketplaces provides the context needed to understand how threats develop and move.
• Context that supports prioritization: Vulnerability and threat data require context to be actionable. Understanding how activity is discussed and operationalized in real environments allows teams to focus on what requires attention.
• Integration into operational workflows: Intelligence must fit into the systems and processes teams already rely on. Integration across SIEM, SOAR, and internal workflows allows intelligence to be applied consistently at scale.

These areas are closely tied to how Flashpoint has built its platform and how it supports organizations operating in complex threat environments.

Where Intelligence Comes From Matters

A large part of how intelligence performs in practice comes back to the source of the data itself.

We believe, and our customers continue to validate, that Flashpoint’s approach is centered on primary-source collection. That means accessing environments where threat activity is actively discussed, coordinated, and developed, including closed forums, encrypted messaging platforms, and illicit marketplaces. These environments require sustained access and ongoing validation, but they provide a level of visibility that is difficult to achieve through surface-level collection alone.

From our experience, working from these sources changes how intelligence is used. Activity can be observed earlier and understood with more context, with discussions, relationships, and intent preserved.

In practice, this allows teams to:

• Identify emerging activity before it becomes widely visible
• Maintain context across conversations, actors, and environments
• Reduce time spent investigating low-value or unverified signals

Intelligence Has to Fit Into How Teams Actually Operate

Collection alone doesn’t determine whether intelligence is useful. We believe it also has to be delivered in a way that aligns with how teams work.

In our experience, most security teams already have established workflows tied to SIEMs, SOAR platforms, and internal processes. Intelligence that integrates into those workflows can be applied consistently across investigation and response.

In practice, we see this support:

• Delivery of intelligence directly into existing systems
• Consistent application across automated and analyst-driven workflows
• Reduced friction between intelligence, investigation, and response

Over time, this consistency allows teams to build repeatable processes around intelligence rather than treating it as a separate function.

Context Drives Prioritization

The same dynamics apply to vulnerability intelligence.

From our experience, understanding which vulnerabilities exist is only one part of the problem. Determining which ones require attention in a given environment depends on context — how those vulnerabilities are being discussed, shared, or used in active threat activity.

We have seen first-hand that when vulnerability data is connected to real-world activity, teams can:

• Prioritize remediation based on active threat relevance
• Align vulnerability management with observed adversary behavior
• Reduce reliance on static scoring as the sole decision driver

Applying This in Practice

For organizations evaluating providers, challenge intelligence sources, challenge collection agility, challenge exploit prioritization and above all ask yourself is this a partner with a long-term track record of navigating the world’s most complex threat environments?

To see how Flashpoint, the world’s largest private provider of threat intelligence can help you make better decisions, faster and with confidence, schedule a demo.

Gartner Disclaimer

Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose. 

This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Flashpoint.

Gartner, Magic Quadrant for Cyber Threat Intelligence Technologies, Jonathan Nunez, Carlos De Sola Caraballo, Jaime Anderson, May 4, 2026.

Gartner, The Evolution of Threat Intelligence Is Unified Cyber Risk Intelligence, By Jonathan Nunez, 15 September 2025.

Gartner and Magic Quadrant are trademarks of Gartner, Inc., and/or its affiliates.

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Connecting Threat Intelligence to Decision-Making: How Flashpoint Is Operationalizing Intelligence in 2026

At RSA Conference 2026, Flashpoint introduces new capabilities that enable security teams to move from visibility to defensible action by connecting adversary activity to business priorities, assets, and investigations.

Most organizations are not lacking visibility, but they are drowning in large volumes of information that are difficult to prioritize and even harder to tie back to clear action. In practice, this creates a familiar problem.

They can see what vulnerabilities exist.
They can track threat activity.
They can monitor alerts across their environment.

But the questions they struggle to answer are more important:

Which of these exposures actually matter?
What do we fix first — and why?
How does this activity translate to risk for the business?

As a result, teams fall back on patching cycles, compliance requirements, or best-effort prioritization and are left making decisions based on incomplete context.

This gap between data and decision-making has become one of the most persistent challenges in modern security operations.

At RSA Conference 2026, Flashpoint is sharing how we are addressing this gap directly — connecting adversary activity to assets, investigations, and defined business priorities so teams can make more consistent, defensible decisions.

“The industry has reached a tipping point where security teams are drowning in data that fails to align with their most important business requirements and decisions. Visibility alone is no longer a victory; it’s a baseline. By connecting underground adversary activity to an organization’s specific attack surface and strategic requirements, Flashpoint is raising the bar beyond passive observation. We are enabling defenders to stop asking ‘what do we own’ and start answering ‘what do we fix first, and why,’ turning raw data into an engine for risk reduction at speed.”

Josh Lefkowitz

What Flashpoint is Showcasing at RSA Conference 2026

Flashpoint is introducing a set of capabilities designed to connect threat intelligence directly to business risk, assets, and investigations:

• Threat-informed External Attack Surface Management (EASM)
• Business-Aligned Priority Intelligence Requirements (PIRs)
• Managed Attribution browser for anonymous investigations

Together, these capabilities enable organizations to move beyond passive monitoring and toward intelligence-driven action.

What Is Threat-Informed External Attack Surface Management (EASM)

Most organizations maintain an inventory of their external assets, but prioritizing them is a persistent challenge. Traditional EASM tools identify what you own but often fail to answer the critical “so what?”. Without contextual risk, prioritization is often driven by static severity scores, patch cycles, or compliance requirements rather than real-world attacker behavior. As a result, teams are left managing stale data through manual CSV uploads and struggling to determine which exposures actually matter.

Flashpoint’s EASM module transforms this stream of exposure data into a prioritized action plan. It continuously discovers a customer’s external attack surface, including domains, subdomains, and IP addresses, and automatically maps this live inventory directly to Flashpoint’s industry-leading vulnerability intelligence.

This allows security teams to:

• Maintain a Dynamic Inventory: Eliminate manual uploads and stale CMDB exports with an always-current map of internet-facing assets.
• Contextualize Risk Immediately: Go beyond simple asset discovery by mapping the specific software running on each asset to known vulnerabilities, including pre-NVD findings.
• Prioritize with Precision: Connect the asset to the actual risk, showing teams not just their external exposure, but where they are truly vulnerable and what needs to be fixed first.

By layering deep vulnerability intelligence onto live asset discovery, Flashpoint enables defenders to move from reactive analysis to proactive, intelligence-driven risk reduction.

Why Priority Intelligence Requirements (PIRs) Are Foundational

Many intelligence teams operate without a formal structure that defines what their work is intended to support.

In day-to-day operations, this results in:

• Reactive investigation of incoming alerts
• Reporting driven by the availability of information rather than the need
• Difficulty demonstrating how intelligence outputs influence decisions

Priority Intelligence Requirements (PIRs) are designed to address this, but in many organizations, they are not integrated into operational workflows.

In May, Flashpoint is introducing in-platform Intelligence Requirements to formalize this structure and embed it directly into the way teams work.

Alerts, investigations, and reporting can be tied to defined requirements, allowing teams to:

• Focus on activities that directly align with defined business risk priorities
• Maintain consistency in what is tracked and reported
• Provide a clearer justification for the intelligence work being done

This creates a more structured intelligence program. Instead of producing outputs based on what is observed, teams can align their work to defined objectives and decision-making needs.

Enabling Safe, Scalable Investigations with Managed Attribution

Accessing adversary-controlled environments such as forums, marketplaces, and encrypted platforms is a core part of many intelligence workflows.

However, doing so safely requires careful setup. Analysts typically need to:

• Use isolated infrastructure
• Manage attribution and identity exposure
• Avoid introducing risk to internal systems

This creates operational overhead and can slow down or limit investigation.

The new anonymous browser capability within Flashpoint Managed Attribution is designed to address this by providing a non-persistent, isolated environment for research and immediate triage. This removes setup friction and allows analysts to move immediately from detection, to investigation, to deeper analysis in the same environment.

Analysts can:

• Access underground communities
• Open suspicious links or files
• Engage with threat actors

Without exposing their identity or internal infrastructure.

By removing the need for manual setup, this allows analysts to move directly into investigation while maintaining operational security. 

See it at RSA Conference 2026

Security teams are being asked to do more than identify threats. They are expected to prioritize, act decisively, and justify those decisions.

That becomes difficult when the inputs — vulnerabilities, alerts, threat reporting — are not clearly connected to each other or to the business.

​​Intelligence needs to be tied to assets, aligned to defined priorities, and usable in day-to-day workflows. That’s the focus of Flashpoint’s updates this year.

At RSA Conference 2026, we’ll be walking through how this works in practice—how teams are connecting adversary activity to what they own, what matters, and what they do next. Flashpoint will be sharing more on these new innovations, including threat-informed EASM, in-platform Intelligence Requirements, and the Managed Attribution browser.If you’re attending, stop by Booth S-3341 to see how teams are moving from visibility to action. For a personalized demo, schedule a meeting with us.

Frequently Asked Questions

What is Flashpoint showcasing at RSA 2026? 

Flashpoint is showcasing how its primary-source threat data connects directly to business assets and priorities. At the booth, attendees can get a sneak peek of the upcoming in-platform Priority Intelligence Requirements (PIRs), which formalize how security teams tie investigations to business risk. Flashpoint will also be discussing the upcoming general availability of threat-informed EASM for asset discovery and risk prioritization, alongside the Flashpoint Managed Attribution browser, designed for secure underground research.

What is Flashpoint Threat-Informed EASM? 

Flashpoint External Attack Surface Management (EASM) goes beyond simple asset discovery by automatically mapping your external footprint to our industry-leading vulnerability intelligence. This allows teams to prioritize remediation by identifying which software versions are actually running on key assets, flagging critical risks often missed by public databases.

How do Flashpoint Priority Intelligence Requirements (PIRs) help security teams? 

Flashpoint PIRs provide a formal in-platform structure that ties security alerts and investigations to specific business risks. This helps teams move away from reactive “activity-based” work and toward “decision-based” intelligence that is defensible to executive stakeholders.

What are the benefits of the Flashpoint Managed Attribution browser? 

The Flashpoint Managed Attribution browser allows threat analysts to safely research the web using a disposable, anonymous environment. This prevents the analyst’s identity from being exposed and protects the corporate network from malware while conducting underground research.

How does Flashpoint’s new offering support a Continuous Threat Exposure Management (CTEM) framework?

Flashpoint facilitates the CTEM lifecycle by providing the primary source data necessary to move beyond traditional point-in-time scanning. EASM enables organizations to start focusing on the specific vulnerable software and high-risk exposures that threat actors are actively targeting.

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Escalation in the Middle East: Tracking “Operation Epic Fury” Across Military and Cyber Domains

This post tracks the convergence of kinetic warfare, psychological operations, and cyber activity as the conflict expands across the Middle East and beyond.

On February 28, the United States and Israel launched coordinated strikes across Iran under Operation Epic Fury (also referenced in reporting as Operation Lion’s Roar). The opening phase focused on decapitating senior Iranian leadership while degrading missile infrastructure, launch systems, and air defenses. In the hours that followed, Iran initiated large-scale retaliation — expanding the conflict beyond Iranian territory and into a region-wide exchange that touched multiple Gulf states and allied military assets.

Since those initial strikes, the conflict has rapidly widened and accelerated. What began as a concentrated campaign against leadership and missile capabilities has developed into a sustained regional war with an expanding set of targets, including economic and logistical infrastructure. Simultaneously, cyber operations and psychological messaging have been used alongside kinetic action, creating a hybrid operating environment in which disruption is shaped as much by information control and infrastructure compromise as it is by missiles and airstrikes.

Flashpoint analysts are tracking the conflict across physical, cyber, and geopolitical domains. The timeline and sections below summarize key developments and risk indicators observed from February 28 through May 4.

Latest Update: Escalation Across Maritime, Cyber, and Economic Domains (Last 24–48 Hours)

The conflict has entered a phase of direct maritime and economic confrontation, with both kinetic and cyber activity intensifying in parallel.

Following the collapse of diplomatic efforts, the United States has formally initiated a naval blockade of Iranian ports, while Iran has responded by deploying midget submarines and reportedly mining key transit routes in the Strait of Hormuz. These developments signal a shift from pressure on infrastructure to direct control over regional shipping and energy flows.

At the same time, cyber operations have escalated beyond disruption into claims of large-scale destructive activity targeting industrial and government systems across the Gulf. While some of these claims remain unverified, the volume and nature of activity indicate a sustained effort to degrade both public-sector and commercial infrastructure.

Timeline of Key Developments

What This Means

This phase of the conflict reflects a shift toward combined economic and operational pressure:

• Maritime control is now central: The blockade and countermeasures in the Strait of Hormuz introduce sustained risk to global shipping, energy transport, and supply chains.
• Cyber operations are aligning with physical objectives: Activity targeting industrial systems and government infrastructure suggests an intent to create downstream operational disruption, not just visibility or signaling.
• Private-sector exposure continues to expand: Western-linked infrastructure—particularly in energy, logistics, and cloud environments—remains within scope of both kinetic and cyber targeting.
  

Immediate Outlook (Next 48–72 Hours)

Further escalation is highly likely.

Iranian retaliatory activity may target US or Israeli assets in the near term, while continued pressure on maritime routes is expected to sustain volatility in global energy markets. At the same time, divergence among Western partners may create additional operational uncertainty, particularly for organizations relying on regional stability for logistics, infrastructure, or personnel movement.

How the Conflict Evolved

Since the opening strikes on February 28, the conflict has progressed through a series of rapid shifts—each expanding both the scope of targeting and the systems under pressure. What began as a tightly scoped military operation has developed into a sustained, multi-domain conflict affecting regional infrastructure, global markets, and private-sector operations.

This evolution is best understood not as a linear escalation, but as a sequence of overlapping phases that introduced new targets, new tactics, and new forms of risk.

Phase 1: Decapitation and Immediate Regional Spillover

(February 28)

The conflict began with a coordinated US–Israeli campaign targeting senior Iranian leadership and missile infrastructure. The objective was clear: degrade Iran’s ability to project force through its ballistic and air defense systems.

That containment window was brief.

Within hours, Iran launched retaliatory strikes across the Gulf, targeting US and allied military installations in Kuwait, Qatar, and Bahrain. Civilian and commercial systems were immediately affected, including flight disruptions in Dubai and early instability in maritime routes near the Strait of Hormuz.

From the outset, the conflict was regional—not bilateral—and it unfolded across military, commercial, and civilian environments simultaneously.

Phase 2: Regional Expansion and Civilian Exposure

(March 1–3)

Within the first 72 hours, the battlespace widened significantly.

Air operations extended directly over Tehran, signaling degradation of Iranian defensive capabilities. At the same time, new fronts emerged, including Hezbollah activity along Israel’s northern border. Targeting patterns began to shift, with incidents affecting civilian-adjacent infrastructure such as hotels, diplomatic sites, and transit hubs.

This period also marked the early alignment of cyber and information activity with kinetic operations. While still limited in impact, these efforts reflected a broader strategy: shaping disruption beyond the battlefield.

Phase 3: Infrastructure and System-Level Targeting

(March 5–10)

By early March, the conflict moved beyond military objectives and into the systems that sustain state and economic activity.

Energy infrastructure, power grids, logistics hubs, and financial systems became consistent points of pressure. Strikes on refineries and industrial complexes—combined with increasing instability in the Strait of Hormuz—introduced immediate consequences for global energy markets and supply chains.

This phase marked a structural shift. The conflict was no longer defined by territorial or military outcomes alone. It began to affect availability, access, and continuity across critical systems.

Phase 4: Commercial and Private-Sector Targeting

(March 11–13)

The targeting set expanded again—this time explicitly incorporating the private sector.

Iranian-aligned channels began publicly identifying Western technology, cloud, and financial firms as operational targets. In parallel, cyber activity moved deeper into enterprise environments, with disruptions affecting global companies and financial institutions.

At the same time, physical operations reinforced this shift:

• Commercial shipping was targeted near the Strait of Hormuz
• Banking operations were disrupted or preemptively shut down
• Industrial facilities and refineries were forced offline

At this stage, economic pressure was no longer a byproduct of conflict—it had become a deliberate objective.

Phase 5: Hybrid Operations and Distributed Pressure

(Mid–Late March)

As kinetic operations continued, the conflict took on a more distributed and persistent character.

Cyber operations evolved in both scale and intent, expanding from disruption into data destruction, extortion, and psychological operations. Activity linked to groups such as Handala and broader proxy ecosystems demonstrated increasing coordination and willingness to target both regional and international entities.

At the same time, physical targeting patterns shifted toward long-term degradation:

• Industrial production sites were struck
• Ports and logistics corridors faced sustained pressure
• Aviation hubs and transit infrastructure became recurring targets

This phase blurred traditional boundaries. Military, cyber, economic, and information operations were no longer distinct lines of effort—they were operating in parallel against overlapping targets.

A Conflict Without a Single Center of Gravity

By the end of March, the conflict had stabilized into a sustained, multi-domain environment defined by persistence rather than decisive escalation.

Military exchanges continue across multiple fronts, but the broader impact is shaped by pressure on:

• Energy production and transport
• Maritime and aviation corridors
• Financial systems and commercial operations
• Digital infrastructure and enterprise environments

Rather than converging toward resolution, the conflict has distributed risk across systems that extend well beyond the immediate region.

Phase 6: Economic Warfare Formalized and Maritime Escalation

(Late March – Early April)

By late March and into early April, economic pressure became formalized as a central objective of the conflict.

Maritime activity in and around the Strait of Hormuz shifted from disruption to active enforcement. Threats to commercial shipping intensified, while both state and proxy actors signaled a willingness to restrict or halt transit entirely. At the same time, targeting patterns expanded further into energy infrastructure, including gas production and refining capacity across the Gulf.

These developments introduced a new level of systemic risk. With a significant portion of global seaborne crude tied to the region, even partial disruption began to influence global pricing, supply planning, and downstream operations far beyond the Middle East.

Phase 7: Ceasefire Fracture and Persistent Hybrid Operations

(Early–Mid April)

Attempts at de-escalation introduced a new layer of complexity rather than stability.

While diplomatic efforts produced temporary pauses in kinetic activity, underlying objectives remained unresolved. In some cases, these pauses created space for continued operations in other domains. Cyber activity, in particular, showed no meaningful reduction, with Iranian-aligned groups continuing campaigns targeting infrastructure, government systems, and private-sector entities.

At the same time, friction points, especially in Lebanon, remained active. The exclusion of key actors from ceasefire terms contributed to continued localized escalation, reinforcing the decentralized nature of the conflict.

This period demonstrated that pauses in military activity do not equate to reduced risk across the broader threat landscape.

Phase 8: Direct Economic Targeting and Globalization of Risk

(Mid April and Beyond)

Following the breakdown of ceasefire dynamics, the conflict moved into a phase defined by direct economic targeting and broader international involvement.

US and allied actions began to focus more explicitly on constraining Iran’s financial and energy systems, while Iranian responses expanded to include threats against Western-affiliated commercial entities, academic institutions, and infrastructure beyond the immediate region.

At the same time, indicators of internationalization became more pronounced:

• External actors providing military and technical support across sides
• Cyber operations extending into Western and allied networks
• Increased risk to global supply chains, energy markets, and financial systems

By this stage, the conflict was no longer confined to regional dynamics. It had evolved into a sustained pressure campaign with global economic and operational implications.

The Escalating Cyber and Information Front

From the earliest hours of the conflict, cyber operations have moved in parallel with kinetic activity—sometimes reinforcing it, and at other times extending its reach beyond the physical battlespace.

What has changed over time is not just the volume of activity, but the role cyber operations play within the broader campaign.

Early Phase: Disruption and Narrative Control

In the opening days, cyber activity focused primarily on disruption and influence.

Coordinated campaigns linked to pro-IRGC and pro-Russian-aligned groups targeted government websites, defense contractors, and public-facing services with distributed denial-of-service (DDoS) attacks and defacements. At the same time, information operations began to take shape, including the manipulation of widely used platforms such as the BadeSaba prayer app, where push notifications were leveraged to deliver messaging at scale.

These efforts were designed to create confusion, shape perception, and amplify the impact of concurrent military operations rather than cause lasting operational damage.

Expansion: Coordinated Campaigns and Infrastructure Access

As the conflict expanded regionally, cyber operations became more coordinated and more ambitious in scope.

Campaigns operating under banners such as #OpIsrael brought together loosely affiliated actors targeting infrastructure across Israel, the Gulf, and allied states. Claims during this period included access to industrial control systems, water infrastructure, and surveillance networks. While not all claims were independently verified, the consistency of targeting pointed to a broader intent: probing critical systems while signaling capability.

At the same time, verified activity—particularly from groups such as MuddyWater—demonstrated continued intrusion into aerospace, defense, and financial networks, reinforcing that espionage objectives remained active alongside disruption efforts.

Escalation: Enterprise Targeting and Data Destruction

By mid-March, cyber activity shifted again—this time toward enterprise environments and private-sector targets.

Incidents linked to groups such as Handala reflected a move beyond disruption into destructive operations. Reported activity included large-scale data wiping, exfiltration, and coordinated doxxing campaigns targeting individuals and organizations tied to Israeli or Western interests.

Equally significant was the reported use of “living-off-the-land” techniques, where attackers leveraged legitimate administrative tools within cloud environments to execute destructive actions. This approach reduces reliance on traditional malware and complicates detection, particularly for organizations dependent on signature-based defenses.

At this stage, cyber operations were no longer operating at the edges of the conflict. They were directly targeting the systems organizations rely on to operate.

Persistence Through Ceasefire: Cyber as a Continuous Pressure Mechanism

Subsequent developments demonstrated that cyber activity is not tied to the tempo of kinetic operations.

During periods of diplomatic pause, Iranian-aligned groups continued to operate with little observable reduction in activity. Public statements from groups such as Handala explicitly reinforced this posture, framing cyber operations as independent from military timelines.

At the same time, targeting patterns shifted rather than paused. Activity expanded to include:

• Western and allied government systems
• Critical infrastructure, including water and energy sectors
• Commercial platforms and authentication systems

This reflects a broader strategic advantage: cyber operations allow actors to maintain pressure, test defenses, and shape outcomes without requiring direct military engagement.

Current State: Distributed, Adaptive, and Blended Operations

At present, cyber activity reflects a blend of objectives:

• Espionage, particularly against defense and government networks
• Disruption, including DDoS and service degradation
• Destruction, through data wiping and system compromise
• Psychological operations, leveraging public platforms and data exposure

These activities are carried out by a mix of state-linked groups, proxy actors, and loosely affiliated hacktivist networks, often operating with overlapping targets and messaging.

The result is a distributed and adaptive threat environment in which attribution is complex, timelines are compressed, and the boundary between state and non-state activity is increasingly blurred.

What This Signals

Cyber operations in this conflict are not a supporting element—they are a persistent layer of pressure that operates alongside and, at times, independently from physical conflict.

For organizations, this introduces a different type of risk:

• Activity may continue even when kinetic conditions stabilize
• Targeting may shift quickly across sectors and geographies
• Detection becomes more difficult as attackers rely on legitimate tools and blended tradecraft

While cyber operations extend the reach of the conflict, the most immediate systemic pressure is emerging through physical and economic chokepoints—particularly in energy production and maritime transit.

Strategic Chokepoints and Systemic Risk

As the conflict expanded, physical targeting patterns converged around a small number of systems that carry disproportionate global impact: energy production, maritime transit, and regional mobility infrastructure.

Energy Infrastructure as a Primary Lever

Energy systems have emerged as one of the most consistently targeted elements of the conflict.

Strikes on refineries, gas facilities, and industrial complexes—combined with explicit threats against major Gulf energy assets—reflect a deliberate effort to constrain production and introduce volatility into global markets. Incidents affecting facilities in Saudi Arabia and the UAE, along with threats tied to Iran’s own production infrastructure, indicate that both sides view energy disruption as a means of exerting strategic pressure.

The scale of exposure is significant. A substantial portion of global seaborne crude transits through the region, and even partial disruption has immediate downstream effects on pricing, supply planning, and industrial operations.

This dynamic introduces a level of sensitivity that extends well beyond the region. Energy is a transmission mechanism for global economic impact.

Maritime Transit and the Strait of Hormuz

The Strait of Hormuz has remained the central chokepoint throughout the conflict.

From the earliest days, threats to shipping were used to signal escalation. Over time, those threats evolved into direct action, including strikes on commercial vessels, increased naval activity, and the positioning of maritime assets capable of restricting transit.

In later stages, this pressure became more formalized, with both state and proxy actors signaling a willingness to enforce constraints on shipping aligned with opposing interests. The result has been sustained disruption to maritime traffic, increased insurance and routing costs, and reduced throughput across one of the world’s most critical energy corridors.

For organizations dependent on global supply chains, the implications are immediate:

• Longer transit times
• Higher costs
• Reduced predictability in delivery schedules

Even without a complete shutdown, sustained pressure on the Strait introduces ongoing friction into global trade flows.

Aviation and Regional Mobility

Airspace and aviation infrastructure have also been repeatedly affected.

Early in the conflict, flight suspensions and airport disruptions were driven by proximity to kinetic activity. As the conflict progressed, aviation hubs themselves became targets. Incidents near major transit centers—particularly in the Gulf—demonstrate both the vulnerability and strategic importance of these nodes.

Aviation serves as a critical connector for personnel movement, logistics, and high-value cargo. Disruption at major hubs does not remain localized; it cascades across international routes, affecting scheduling, capacity, and access.

In combination with maritime constraints, this creates a compounding effect: fewer viable routes, increased congestion elsewhere, and limited flexibility for organizations attempting to move people or goods.

Expansion to Commercial and Financial Systems

Over time, economic pressure extended beyond physical infrastructure into commercial and financial environments.

Public warnings and targeting signals began to include:

• Banking institutions and financial districts
• Commercial office locations tied to Western firms
• Technology and cloud infrastructure hubs

In parallel, operational impacts became visible. Banking services were disrupted or preemptively suspended in parts of the Gulf, while threats against commercial centers introduced new considerations for business continuity and personnel safety.

This expansion reflects a shift in how the conflict defines “infrastructure.” It is no longer limited to energy or transport, as it also includes the systems that enable economic activity itself.

Business and Security Implications

As the conflict has expanded into energy systems, maritime corridors, aviation hubs, and commercial infrastructure, enterprise exposure is no longer limited to organizations with a direct regional footprint.

The targeting patterns observed throughout this conflict indicate that the systems underpinning global operations—logistics, cloud infrastructure, financial services, and workforce mobility—are all within scope.

For organizations, this introduces sustained operational friction rather than isolated disruption. Planning assumptions should shift accordingly.

Personnel and Physical Security

Exposure to physical risk has expanded beyond military installations into commercial environments.

Incidents affecting transit hubs, diplomatic facilities, and Western-linked commercial districts, combined with public warning lists identifying specific office locations in Jordan and the UAE, indicate that personnel operating in previously low-profile environments may now fall within the threat envelope.

This shift requires a more dynamic approach to workforce security.

Organizations should:

• Reassess travel posture across the UAE, Qatar, Bahrain, Kuwait, and Saudi Arabia
• Elevate security protocols at offices, hotels, and logistics sites
• Reinforce operational security practices, including routine variation and reduced visibility of affiliation
• Monitor diplomatic advisories and local threat reporting in near real time
• Reevaluate occupancy and travel policies for personnel in named commercial and financial districts
  

Supply Chain, Energy, and Commercial Operations

Disruption is not limited to physical logistics. It now extends into the broader commercial operating environment.

Pressure on maritime transit through the Strait of Hormuz, combined with strikes on energy infrastructure and disruptions to financial services, creates a layered risk model: goods may not move, payments may not process, and operations may not continue as planned.

Organizations should plan for sustained instability rather than short-term interruption.

Priorities should include:

• Modeling extended disruption to Gulf shipping routes
• Identifying alternative logistics pathways, including overland options
• Stress-testing supplier dependencies tied to energy inputs and regional ports
• Preparing for price volatility and delivery delays
• Assessing exposure to regional banking, payment processing, and financial services continuity
  

Cloud and Technology Infrastructure

The conflict has demonstrated that commercial technology infrastructure is not insulated from physical or cyber spillover.

The reported impact to cloud environments in the Gulf, combined with targeting signals directed at major technology providers, indicates that infrastructure supporting global applications may be exposed to localized disruption.

At the same time, strikes on regional communication and defense systems introduce additional risk to connectivity and resilience.

Organizations should:

• Validate geographic redundancy for critical workloads
• Confirm recovery timelines for regionally hosted environments
• Review third-party dependencies tied to Gulf-based infrastructure
• Ensure leadership understands cascading risks from localized outages
• Evaluate exposure tied to physical proximity of offices, data centers, and regional tech hubs
  

ICS / OT Environments

Operational technology environments face elevated risk due to the convergence of cyber and physical targeting.

Claims involving industrial control systems—paired with demonstrated attacks on energy and logistics infrastructure—suggest that disruption may extend beyond IT systems into physical operations.

Organizations operating ICS/SCADA environments should prioritize resilience over detection alone.

Key actions include:

• Auditing and restricting remote access pathways
• Enforcing phishing-resistant MFA for privileged users
• Segmenting industrial networks from corporate IT environments
• Validating response plans for destructive or manipulative scenarios
• Conducting exercises that assume loss of visibility or control

Ongoing Updates

Flashpoint will continue monitoring developments across physical, cyber, and geopolitical domains. Bookmark this page for updates as the situation evolves.

For organizations seeking deeper visibility into emerging threats, proxy activity, infrastructure targeting, and cross-domain escalation indicators, schedule a demo to see Flashpoint’s intelligence platform deliver timely, decision-ready intelligence.

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Navigating 2026’s Converged Threats: Insights from Flashpoint’s Global Threat Intelligence Report

In this post, we preview the critical findings of the 2026 Global Threat Intelligence Report, highlighting how the collapse of traditional security silos and the rise of autonomous, machine-speed attacks are forcing a total reimagining of modern defense.

The cybersecurity landscape has reached a point of total convergence, where the silos that once separated malware, identity, and infrastructure have collapsed into a single, high-velocity threat engine. Simultaneously, the threat landscape is shifting from human-led attacks to machine-speed operations as a result of agentic AI, which acts as a force multiplier for the modern adversary.

Flashpoint’s 2026 Global Threat Intelligence Report

Flashpoint’s 2026 Global Threat Intelligence Report (GTIR) was developed to anchor security leaders — from threat intelligence and vulnerability management teams to physical security professionals and the CISO’s office — with the data required to navigate this year’s greatest threats, rife with infostealers, vulnerabilities, ransomware, and malicious insiders.

Our report uncovers several staggering metrics that illustrate the industrialization of modern cybercrime:

• AI-related illicit activity skyrocketed by 1,500% in a single month at the end of 2025.
• 3.3 billion compromised credentials and cloud tokens have turned identity into the primary exploit vector.
• From January 2025 to December 2025, ransomware incidents rose by 53%, as attackers pivot from technical encryption to “pure-play” identity extortion.
• Vulnerability disclosures surged by 12% from January 2025 to December 2025, with the window between discovery and mass exploitation effectively vanishing.

These findings are derived from Flashpoint’s Primary Source Collection (PSC), a specialized operating model that collects intelligence directly from original sources, driven by an organization’s unique Priority Intelligence Requirements (PIR). The 2026 Global Threat Intelligence Report leverages this ground-truth data to provide a strategic framework for the year ahead. Download to gain:

1. A Clear Understanding of the New Convergence Between Identity and AI
   Discover how threat actors are preparing to transition from generative tools to sophisticated agentic frameworks. Learn how 3.3 billion compromised credentials are being weaponized via automated orchestration to bypass legacy defenses and exploit the connective tissue of modern corporate APIs.
   
2. Intelligence on the “Franchise Model” of Global Extortion
   Gain deep insight into the professionalized operations of today’s most prolific threat actors. From the industrial efficiency of RaaS groups like RansomHub and Clop to the market dominance of the next generation of infostealer malware, we break down the economics driving today’s cybercrime ecosystem.
   
3. A Blueprint for Proactive Defense and Risk Mitigation
   Leverage the latest trends, in-depth analysis, and data-driven insights driven by Primary Source Collection to bolster your security posture by identifying and proactively defending against rising attack vectors.

“As attackers automate exploitation of identity, vulnerabilities, and ransomware, defenders who rely on fragmented visibility will fall behind. To keep pace, organizations must ground their decisions in primary-source intelligence that is drawn from adversarial environments, so that decision-makers can get ahead of this accelerating threat cycle.”

Josh Lefkowitz, CEO & Co-Founder at Flashpoint

The Top Threats at a Glance

Our latest report identifies four driving themes shaping the 2026 threat landscape:

2026 Is the Era of Agentic-Based Cyberattacks

Flashpoint identified a 1,500% rise in AI-related illicit discussions between November and December 2025, signaling a rapid transition from criminal curiosity to the active development of malicious frameworks. Built on data pulled from criminal environments and shaped by fraud use cases, these systems scrape data, adjust messaging for specific targets, rotate infrastructure, and learn from failed attempts without the need for constant human involvement.

“2026 is the era of agentic-based cyberattacks. We’ve seen a 1,500% increase in AI-related illicit discussions in a single month, signaling increased interest in developing malicious frameworks. The discussions evolve into vibe-coded, AI-supported phishing lures, malware, and cybercrime venues. When iteration becomes cheap through automation, attackers can afford to fail repeatedly until they find a successful foothold.”

Ian Gray, Vice President of Cyber Threat Intelligence Operations at Flashpoint

Identity Is the New Exploit

Flashpoint observed over 11.1 million machines infected with infostealers in 2025, fueling a massive inventory of 3.3 billion stolen credentials and cloud tokens. The fundamental mechanics of cybercrime have shifted from breaking in to logging in, as attackers leverage stolen session cookies to behave like legitimate users.

The Patching Window Is Rapidly Closing

Vulnerability disclosures surged by 12% in 2025, with 1 in 3 (33%) vulnerabilities having publicly available exploit code. The strategic gap between discovery and weaponization is increasingly vanishing, as evidenced by mass exploitation of zero-day vulnerabilities in as little as 24 hours after discovery.

Ransomware Is Hacking the Person, Not the Code

As technical defenses against encryption harden, ransomware groups are pivoting to the path of least resistance: human trust. This approach has led to a 53% increase in ransomware, with RaaS groups being responsible for over 87% of all ransomware attacks.

Build Resilience in a Converged Landscape

The findings in the 2026 Global Threat Intelligence Report make one thing clear: incremental improvements to legacy security models are no longer sufficient. As adversaries transition to machine-speed operations, the strategic advantage shifts to organizations that can maintain visibility into the adversarial environments where these attacks are born.

Protecting organizations and communities requires an intelligence-first approach. Download Flashpoint’s 2026 Global Threat Intelligence Report to gain clarity and the data-driven insights needed to safeguard critical assets.