EXPLORE

Article

ALPHV/BlackCat Ransomware Group Claims Responsibility for MGM Resorts Attack

Cyber Threats

Threat Actors

Summary

The ALPHV/ BlackCat ransomware group claimed responsibility for the MGM Resorts cyberattack in September 2023. The attack disrupted MGM’s operations, including slot machines, ATMs, and payment systems, causing significant financial and operational damage. Arete’s detailed analysis highlights ALPHV/BlackCat’s methodologies and the sectors affected by their attacks.

MGM Resorts recently identified a cybersecurity issue affecting certain of the Company’s systems. Promptly after detecting the issue, we began an investigation with assistance from leading external cybersecurity experts. We also notified law enforcement and are taking steps to protect our systems and data, including shutting down certain systems. Our investigation is ongoing, and we are working diligently to resolve the matter. The Company will continue to implement measures to secure its business operations and take additional steps as appropriate.

This incident also resulted in significant financial impact. According to NASDAQ, shares of the company’s stock have fallen 7.9%, from $43.74 to $40.29, between September 8 and 18.

The ALPHV (aka BlackCat) ransomware group claimed responsibility for this attack.

Update from ALPHV’s Dark Web Site

Arete has gained a deep understanding of ALPHV/BlackCat operations by working with nearly 100 clients impacted by the ransomware group since 2021. Arete’s Threat Intelligence team monitors multiple data leak sites and discovered that on September 14, the ALPHV group claimed they gained access to the MGM network on September 8. After multiple failed attempts to get in touch with the victim, ALPHV released their ransomware payload to more than 100 ESXi hypervisors in MGM’s network environment:

Source: Arete


Source: Arete


In this post, the group states:

“Their network has been infiltrated since Friday.”

“After waiting a day, we successfully launched ransomware attacks against more than 100 ESXi hypervisors in their environment on September 11th after trying to get in touch but failing. This was after they brought in external firms for assistance in containing the incident.”

“The ALPHV ransomware group has not before privately or publicly claimed responsibility for an attack before this point.”

“We still continue to have access to some of MGM’s infrastructure. If a deal is not reached, we shall carry out additional attacks. We continue to wait for MGM to… reach out as they have clearly demonstrated that they know where to contact us.”

Insights on ALPHV/BlackCat

Arete’s mid-year Turning Tides – Navigating the Evolving World of Cybercrime, highlighted ALPHV/BlackCat as one of the top ransomware groups observed in the second half of 2022 (H2 2022) and the first half of 2023 (H1 2023) based on data from our incident response engagements.

Source: Arete

Additional data also reveals that ALPHV/BlackCat remains one of the top three threat actor groups observed by Arete since Q3 of 2022.

Source: Arete

Below are insights on ALPHV based on Arete’s incident response engagements:

  • Sectors affected include entertainment, critical infrastructure, financial services, healthcare, manufacturing, professional services, public services, and retail.

  • Average ransom demand: $1,992,971

  • Percentage of time data exfiltration occurs: 70%

  • Average business downtime: 5.3 days

  • Tools used: CobaltStrike, Mimikatz, Megasync, LaZagne, and WebBrowserPassView

  • ALPHV/BlackCat uses various entry points to infect the victim’s network, including phishing emails, compromised credentials, and remote desktop protocol (RDP) brute force attacks.

  • Other malware is used as a stepping stone to launch the ransomware payload.

  • To increase potential reach and impact, the group targets both Windows and Linux devices, as well as network-attached storage (NAS) devices, which are often used to store backups and sensitive data.

To learn more about ALPHV/BlackCat and how to protect your organization from cyberattacks, download Turning Tides – Navigating the Evolving World of Cybercrime.

Our team of experts is here to assist you with this and any other related cyber incidents. Available services include Incident Response & Forensics, Threat Actor Negotiations, Crypto Operations, Security Operations (SOC), Restoration, and Threat Intelligence.

Cyber Emergency Hotline: 866.210.0955

New Engagements: Arete911@AreteIR.com

Sources

Back to Blog Posts

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.

Article

Attack Patterns in Settra Incidents

Recent Settra ransomware incidents demonstrate a consistent operational pattern involving compromised credentials, VPN access, and the deployment of ransomware executables tailored to victim environments. Researchers have observed Settra naming ransomware executables after the targeted organization's domain while following similar attack sequences across multiple intrusions. Arete has also identified overlapping tactics, techniques, and tools in Settra engagements observed from June to August, including the use of MeshAgent for remote access and Bring Your Own Vulnerable Driver (BYOVD) techniques to weaken endpoint security controls. 

What’s Notable and Unique 

  • Settra operators have been observed naming ransomware executables after the victim organization's domain, creating a direct association between the payload and the targeted environment.

  • Initial access vectors have included targeting exposed VPN infrastructure and the use of compromised credentials, reducing the need for traditional exploitation of vulnerabilities.

  • Arete observed MeshAgent in multiple Settra engagements, which provides threat actors with a mechanism for remote access and continued activity within compromised environments.

  • Settra engagements have also included Bring Your Own Vulnerable Driver (BYOVD) activity, which can be used to bypass or impair security controls by abusing legitimate but vulnerable drivers.

Analyst Comments

Recent Settra activity demonstrates how ransomware operators can combine credential-based access, remote management tooling, and security control evasion techniques to establish and maintain access before ransomware deployment. The repeated use of similar tools and operational patterns across incidents provides useful detection opportunities for defenders. Organizations should closely monitor VPN authentication activity, unusual use of compromised credentials, unexpected MeshAgent deployment, ransomware executables with victim-specific naming conventions, and suspicious driver activity associated with attempts to disable or bypass endpoint security controls.

Arete’s MDR practice detects Settra’s full attack chain, with special attention to the staging of BYOVD activity for defense evasion. However, for us to detect it, SentinelOne needs to be fully deployed across an environment. To support organizations with full deployment, Arete offers SentinelOne Deployment Assistance. This service is designed to ensure that SentinelOne is deployed across all eligible endpoints, eliminating coverage gaps that could otherwise expose the organization to ransomware, malware, credential theft, and other advanced threats. Through endpoint discovery, inventory reconciliation, and deployment assistance, Arete helps organizations achieve comprehensive protection and maximize the effectiveness of their SentinelOne investment. Contact clientcares@areteir.com to learn more.

Sources

  • Ready, Settra, Go: New Settra Ransomware Variant Deploys MeshAgent RMM