Industry Category

Capital Markets/Hedge Fund/Private Equity

Breach intelligence, attack campaigns, and threat reports targeting the Capital Markets/Hedge Fund/Private Equity sector.

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Capital Markets/Hedge Fund/Private Equity Threat Reports

Showing 85–87 / 87 reports
2025's Multichannel Phishing Campaigns: The End of Email-Only Defense
Financial Services10 months ago

2025's Multichannel Phishing Campaigns: The End of Email-Only Defense

In September 2025, organizations experienced a surge of sophisticated credential harvesting attacks that moved beyond traditional email phishing, utilizing instant messaging, social media, and malicious advertising channels. Attackers deployed advanced Attacker-in-the-Middle (AiTM) phishing kits and leveraged compromised accounts, cloned login pages, and rapid domain rotation to evade both detection and remediation. Case studies included targeted spear-phishing via LinkedIn and malvertising on Google Search, resulting in high-value session theft and lateral account compromise. These attacks not only bypassed email security but exploited any channel where business users could be reached, often leading to the breach of core cloud platforms and widespread internal access. This campaign marks a critical evolution in attacker tactics, underlining that perimeter-focused and email-only defenses are insufficient. The surge in non-email phishing brings new urgency for organizations to secure east-west traffic, implement zero trust segmentation, and enhance visibility across all cloud and SaaS environments.

Low impact

Kill Chain

ICInitial Compromise(high)
PEPrivilege Escalation(medium)
LMLateral Movement(medium)
C&CCommand & Control(medium)
EExfiltration(medium)
IImpact(low)
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Scattered Spider Returns: New Wave of Social Engineering Attacks on Financial Services
Financial Services10 months ago

Scattered Spider Returns: New Wave of Social Engineering Attacks on Financial Services

In late 2025, cybersecurity researchers at ReliaQuest linked a new wave of attacks in the financial services sector to the notorious cybercrime collective Scattered Spider, despite previous claims that the group had disbanded. These attacks featured advanced social engineering tactics, the registration of lookalike domains, and exploitation of internal access paths to facilitate credential compromise and lateral movement inside targeted organizations. Impact resulted in unauthorized access to sensitive financial data, disruption of key operations, and raised concerns about the sector’s preparedness for sophisticated, identity-driven threats. The re-emergence of Scattered Spider underscores a resurgence of high-profile, financially motivated cybercrime against critical industries. The campaign highlights the evolving threat landscape—where even 'retired' threat groups rapidly adapt their tactics—reinforcing the urgency of east-west security monitoring, identity protections, and robust zero trust strategies.

Medium impact

Kill Chain

ICInitial Compromise(medium)
PEPrivilege Escalation(medium)
LMLateral Movement(medium)
C&CCommand & Control(medium)
EExfiltration(medium)
IImpact(medium)
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GodRAT: New RAT Targets Financial Institutions via Skype with Evolved Tactics in 2024
Banking/Mortgage10 months ago

GodRAT: New RAT Targets Financial Institutions via Skype with Evolved Tactics in 2024

In late 2024, a targeted campaign leveraged a new remote access trojan, GodRAT, to infiltrate trading and brokerage firms across Hong Kong, the UAE, and other countries. Attackers, likely linked to the Winnti APT group, distributed malicious .scr and .pif files disguised as financial documents via Skype. These files deployed GodRAT—an evolved variant of Gh0st RAT—using innovative techniques like steganography to evade detection. Once inside victim networks, the campaign used file management plugins and browser password stealers to exfiltrate sensitive credentials, while also deploying secondary implants such as AsyncRAT for persistent control. This ongoing incident highlights both the durability of legacy RAT codebases and the adaptability of threat actors employing advanced delivery and evasion tactics. It reflects a wider trend where financial institutions face persistent threats from intelligent, identity- and credential-focused attacks using proven malware frameworks.

Medium impact

Kill Chain

ICInitial Compromise(high)
PEPrivilege Escalation(medium)
LMLateral Movement(medium)
C&CCommand & Control(high)
EExfiltration(high)
IImpact(medium)
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