Report
Q1 2021 Crimeware Report: Post-Mortem Analysis of a Dumpster Fire
Arete Analysis
Cybersecurity Trends

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For many in the cybersecurity community, the months leading up to the end of 2020 were a dumpster fire. While doctors and nurses tirelessly cared for pandemic victims in hospitals across the world, our cybersecurity colleagues stood in the digital trenches, slugging it out to defend those same hospitals from ransomware and other nefarious threats. Often against impossible odds, including shoe-string budgets and outdated infrastructures, these teams fought the good fight. And still, the ransomware fire burned on.
At Arete, we understand the precarious, cost-benefit tightrope you walk on a quarterly, if not daily, basis when it comes to making decisions on cybersecurity. We aren’t here to sell you snake oil — for one, it doesn’t exist. For two, we stand by the fact that our data, experience, and expert insights can help tip the scales in your favor — whether you need help with incident response, negotiation, or restoration.
We’ve analyzed and tracked definitive data from more than 1,500 incident response and forensics cases over 12 months to provide unique visibility into the state of ransomware, including average payments, initial access vectors, data exfiltrations rates, and impact by sector and organizational size. What’s more, we’ve drawn out nuances from this detailed corpus of trench-fighting and created after-action reports that allow us to predict how actors will behave according to circumstance.
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Article
French Supermarket Cyberattack Highlights Risks in Exposed Refrigeration Controllers
Hundreds of French supermarkets were reportedly affected by a cyberattack in which threat actors compromised internet-connected refrigeration controllers and manipulated temperature and defrost settings, which caused refrigeration units to overheat, resulting in widespread food spoilage and significant financial loss. Impacted refrigeration systems were associated with Danfoss, Copeland, and Dixell, and demonstrated how vulnerabilities in industrial control systems (ICS) can disrupt physical operations without relying on conventional data theft or encryption. The attack also raised concerns about the wider exposure of similar devices, as thousands of refrigeration management interfaces remain accessible from the public internet. The incident highlights the growing risk posed by insecure operational technology (OT), particularly where legacy equipment and remote-management interfaces lack adequate security controls.
What’s Notable and Unique
Researchers identified approximately 2,765 internet-accessible Danfoss AK-SM 800A interfaces during assessment. This figure reflects the scope of that research and should not be interpreted as a current count of exposed devices. Publicly accessible management interfaces increase the opportunity for unauthorized access to industrial equipment.
Research also identified several security flaws in the Danfoss AK-SM 800A platform, including an authentication bypass command injection that could enable remote code execution and a weakness involving web-server configuration changes. Danfoss addressed these findings through firmware updates.
Authorities reported compromised Danfoss AK-SM and AK-SC systems, alongside Copeland XWEB and Dixell XWEB monitoring platforms.
Analyst Comments
The incident demonstrates the business consequences of insufficiently secured industrial infrastructure and reinforces the need to integrate OT security into enterprise risk management. Organizations operating connected facility systems should establish clear ownership of industrial assets, enforce secure remote-access policies, and prioritize remediation based on exposure and operational criticality. The findings also highlight the importance of coordinating security teams with facilities and engineering personnel to ensure that protective measures do not compromise essential operations. A risk-based approach to OT security can help organizations reduce exposure while maintaining the availability and reliability of critical equipment.
Sources
France Supermarket Hacks Expose Risks of Internet-Facing Refrigeration Systems
Freeze the Controller, Defrost the Food: Uncovering Vulnerabilities in Danfoss Refrigeration Controllers
Attackers Heat French Supermarket Fridges Up to 50°C by Hijacking Danfoss Controllers
Article
FortiBleed Campaign Remains Active
The FBI and Secret Service recently warned that the FortiBleed credential-harvesting campaign remains an active threat targeting internet-facing Fortinet FortiGate firewalls and secure socket layer (SSL) virtual private network (VPN) gateways. The agencies report that attackers continue to scan internet-exposed Fortinet firewalls using previously obtained credentials. This has reinforced assessments made by other security researchers, who have stated that “FortiBleed should be treated as an active access operation, not as a one-time credential leak.”
What’s Notable and Unique
FortiBleed, active since February 2026, begins with widespread reconnaissance to identify internet-facing FortiGate firewalls and SSL-VPN services. Once potential targets are identified, operators attempt to gain initial access through credential stuffing, password spraying, and dictionary attacks using previously compromised credentials.
Following successful access, the attackers deploy the Go-based FortigateSniffer tool on compromised appliances. The tool leverages native FortiOS diagnostic functionality to passively intercept authentication traffic across 24 protocols, enabling the collection of cleartext credentials and password hashes passing through the device.
Successfully recovered credentials are reused to expand access, including Active Directory enumeration, Kerberos validation, SMB authentication, and network share discovery, enabling threat actors to move deeper into the victim environment.
Reporting indicates that initial access brokers (IABs) leveraging the FortiBleed attack chain have facilitated access for downstream ransomware operations, including the INC Ransom/Lynx and Payload ransomware groups. This aligns with Arete’s observations of ransomware groups, including INC, Qilin, and DragonForce, targeting Fortinet FortiGate and VPN infrastructure as an initial access vector.
Remediation
Organizations should restrict internet-facing FortiGate management interfaces, rotate administrative and VPN credentials, review local and privileged accounts, and enforce MFA for remote access. If a potential compromise is detected, organizations should isolate affected systems, conduct threat hunting to determine the scope and identify compromised accounts and devices, and preserve relevant logs and artifacts. Organizations should also report the incident to appropriate authorities and implement targeted eviction measures based on identified threat actor activity.
Analyst Comments
FortiBleed represents an ongoing access-enablement threat, rather than a one-time credential exposure. The campaign’s ability to harvest, validate, and reuse credentials can provide sustained access to victim environments and create opportunities for downstream ransomware activity. Organizations with suspected FortiGate exposure should treat the activity as a potential active compromise and investigate for persistent access, compromised accounts, and lateral movement.
Sources
FortiBleed Operations Continue Targeting Exposed Systems Leading to Reports of Lockouts
FBI Warns FortiBleed Remains Active After Amassing 86,644 Fortinet Device Credentials
Article
Threat Actors Exploiting Critical FortiMail Zero-Day Vulnerability
Fortinet has disclosed a critical vulnerability in FortiMail, tracked as CVE-2026-104286, that is currently being exploited as a zero-day in the wild. The flaw, which carries a Critical CVSS score of 9.8, affects the FortiMail management interface and can allow unauthenticated attackers to write arbitrary files to affected systems, potentially leading to unauthorized code execution and full system compromise. Fortinet has confirmed active exploitation and urged customers to implement mitigations immediately while awaiting security updates.
What’s Notable and Unique
The vulnerability stems from improper restriction of file paths combined with improper neutralization of NULL byte characters. An unauthenticated attacker can exploit the flaw via specially crafted HTTP or HTTPS requests to write arbitrary files on the underlying operating system.
Organizations running FortiMail 7.2 can remediate the vulnerability by upgrading to 7.4 or newer. For customers using affected FortiMail 7.4, 7.6, and 8.0 versions, fixes have not yet been released. However, Fortinet has confirmed that the issue will be addressed in the upcoming 7.4.9, 7.6.7, and 8.0.2 releases.
Until the patched versions become available, Fortinet recommends mitigating risk by disabling the Identity-Based Encryption (IBE) feature. As an additional safeguard, administrators should restrict access to the FortiMail management interface, either by removing internet exposure altogether or limiting access to trusted internal networks only. The advisory also includes log entries that administrators can use to identify potentially compromised appliances.
The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has added CVE-2026-104286 to its Known Exploited Vulnerabilities (KEV) catalog and directed federal agencies to perform forensic triage and mitigation by October 4th.
Analyst Comments
Impacted organizations should review their FortiMail instances to ensure there are no unauthorized logins, examine device settings, evaluate all configurations as potentially compromised, and carry out the necessary recovery procedures. Defenders should immediately implement Fortinet's recommended mitigations, review systems for IOC matches, and prepare to deploy the forthcoming security updates as soon as they become available. It is strongly advised that all enterprises assess their setups to reduce risk, as protecting publicly accessible management interfaces is a fundamental security best practice.
Sources
Improper limitation of a pathname to a restricted directory
Article
Ransomware Trends & Data Insights: September 2026
The Akira ransomware group re-emerged as the most active ransomware threat observed by Arete in September. Overall activity remained relatively distributed among multiple threat groups, with 29 unique groups observed throughout the month. Alongside Akira, INC Ransom and the relatively new Storm group were among the three most active threat actors observed in September. Several new threat groups also emerged during the month, including Hades Team, Shiba, and Vortex (which is suspected to be part of the cluster of threat actors affiliated with the former BlackFile group).

Throughout the month, analysts at Arete identified several trends behind the threat actors perpetrating cybercrime activities:
In September 2026, the ShinyHunters threat group escalated its extortion activity by publicly targeting both the Clop ransomware group and the FBI. The group claimed to have breached and defaced Clop’s infrastructure, demanding an eight-figure ransom, while separately alleging the theft of sensitive FBI-related data and demanding the retraction of statements made in a prior public advisory. In both incidents, ShinyHunters employed similar pressure tactics, including website defacements, repeated public postings, and threats of data disclosure.
ClickFix attacks remained prevalent in September 2026, with ransomware groups including Qilin, Helix, and The Gentlemen leveraging ClickFix lures to facilitate PowerShell-based payload execution and initial access. The technique continues to evolve, combining social engineering with legitimate tools and services to enable compromise and evade detection.
September 2026 saw continued activity from the former BlackFile extortion ecosystem. BlackFile, a data theft and extortion operation active since at least October 2025, rebranded as Redact in May 2026, and since appears to have broken off into several affiliated brands, including Pink, Helix, Falcon, Cinder, and potentially Vortex. During September, some affiliates publicly disputed these associations and claimed to operate independently. However, the coordinated timing, messaging, and near-identical nature of these statements support the assessment that these groups remain part of a broader interconnected ecosystem operating under shared objectives or coordination.



