Article
Anti-virus or AI driven Endpoint Protection?
Arete Analysis

Arete investigates a lot of ransomware attacks. In fact, 90% of our business is helping organizations big and small, recover from and investigate ransomware attacks. Variants like Maze, Sodinokibi, WastedLocker, Ryuk, Conti, Dopplepaymer, Dharma and countless others are extremely active every day of every week. Whether they are hacking into an organization and deploying their ransomware or they are responding to emails to negotiate the release of decryption keys, these groups will continue to operate with the main focus of disrupting businesses by encrypting files, stealing data and waiting to receive payment for decryption keys.
One of the common themes across our client organizations is their reliance on anti-virus (“AV”). When discussing the initial facts of a ransomware infection and learning about their environment, I usually ask “Do you use AV and what is the name?” All the clients respond with “yes, we use AV” and the software used are across the board. Bitdefender, Windows Defender, Sophos, McAfee, Symantec, TrendMicro, and Webroot are among the common responses; and they all offer ransomware protection.
The products themselves are great. They stop a large majority of malware. They have been pioneers in the computer security industry. They have built networks and distribution systems for virus definition updates. They have even built out response teams to gather intelligence from client’s networks who have suffered a breach in order to make their products better to aid other customers. There have been countless tests of their products and rankings from non-lab environments up to Gartner reports. Even TechRadar’s recent article “Do I really need antivirus for Windows 10?” highlights the need for AV and lists some great recommendations. I do encourage you to read the article, but the summary of it is “Yes. You need AV”. In fact, your organization needs more than just AV, it needs a true endpoint protection that leverages Artificial Intelligence (“AI”) as well as real time updates to its rule sets (notice how I did not state virus definitions? More on that later).
As a computer security aficionado, incident responder, trusted advisor, and empathetic human, it pains me to find out these reputable products repeatedly fail protecting large and small networks from malicious activities performed by these threat actors. Organization after organization purchase these licenses, deploy the product then at some point in the future become a victim of a cyber-attack. Simply purchasing AV software and deploying it, is no longer good enough.
The intent of this article is to demonstrate where traditional AV capabilities fall short based on the Tactics, Techniques, and Procedures (“TTP”) used by the threat actors. Again, the AV products I mentioned earlier are great products. There is nothing wrong with their ability to detect malware and prevent it. If those products are in use, then implementing compensating controls can enhance detection of unauthorized access and minimize the success of an attack.
Traditional AV and EDR Defined
For the purposes of this article, I am going to draw a vast difference between “traditional AV” and Endpoint Detection and Response (“EDR”) software. I have generalized the functionality to not specifically compare product by product, rather I intend to compare the category of traditional AV to EDR tools.
Traditional AV – Definition based or signature scanning that searches for a known-known. Meaning, if the malware is known by the security community, the product should identify it. Some of the products may also have passive endpoint behavioral monitoring.
EDR software – Some developers are calling their products Next Generation AV. EDR tools offer traditional AV scanning, AI detection, active EDR monitoring, and restoration.
AI detection – the EDR agent will monitor the system and examine the calls or events specific processes make on the system or across the network. The agent then analyzes these events and if the events are determined to be malicious, the processes are stopped.
Active EDR monitoring – These EDR agents can be monitored by a Security Operations Center (“SOC”) for additional support, triage, threat hunting and quicker response to threats including centralized logging of activity for historical analysis or forensics, near instant detection, and immediate containment.
Tamperproof agent – The agent on the endpoint cannot be uninstalled by an administrator account. Rather, uninstall must be initiated from the central software console.
Restoration – Some EDR solutions leverage windows volume shadow service to create a snapshot of the system and if a threat is detected, roll the system back to a clean state all the while retaining vital forensic evidence from the event.
Right from the start, the EDR tools offer three critical components as compared to traditional AV: AI detection, active EDR monitoring, and tamperproof agents. These components align well with protection computers any time and anywhere.
Attack Flow
The threat actors, in a large majority of ransomware attacks, follow a very similar attack sequence across variants and across matters:
Identify a target or victim – usually by scanning for misconfigured system, phishing email, or watering-holeweb attack
Exploit target – Gain access to the target system.
Reconnaissance – Examine the target system ß this is THE critical step.
Escalate privileges – Obtain administrator credentials for the system or the domain.
Establish persistence – Create a backdoor to allow re-entry into the network.
Lateral movement – Identify additional systems on the network such as domain controllers or backups.
Data exfiltration – Package up and steal data for additional extortion.
Deploy ransomware – Encrypt files and wait for contact from the victim.
The attack flow listed above has been simplified from other theories that exist in the cybersecurity community. This flow is intended to simply depict the sequence of steps the attack follows across each attack. I’ve purposefully highlighted step 3 Reconnaissance to examine it further against the TTPs of these threat actors.
Threat Actor TTPS
Once a threat actor gains access to the target system, there is a wealth of information the threat actor can gather from that single system. Information about the domain name, previously logged on users, privilege level of the logged-on account, running applications, and available hosts within the network. This information is easily obtained by running a few commands which are resident on any Windows system.
The most important piece of information they can obtain after gaining access is about the security software on the system and the privilege level of the account.
Privilege level of the account will determine how the attack can disable or modify security software to prevent the detection of their attacker tool package they may intend to copy to the system. Privilege level will also determine what additional system resources they would have access to as that user.
Security software installed on the system will give perspective to the threat actor on the organization’s approach to security as well as determine ways to disable the software from scanning and alerting.
During many investigations, Arete Incident Responders have observed threat actors gaining access to systems, then returning days or weeks later with customized batch scripts or PowerShell scripts designed to disable AV and backup products from functioning correctly.
Examples of scripts and tactics recovered from investigations:
Batch script to unload the virus definitions from Microsoft Defender. Once the definitions were unloaded, the AV scanning engine would be useless because it would not know what to look for. This is creative as it does not disable the running service that may cause an alert that the Defender service stopped on a system. Instead, the threat actor chose to unload the definitions in hopes that those events are not monitored by a log aggregator.
Batch script to disable Symantec Endpoint Protection (“SEP”). The threat actor had already gained access to the system with escalated privileged, aka Administrator account. They ran the script to disable the SEP services. The victims’ environment was not configured to alert when the SEP services were disabled.
Batch script to white list specific folders. The TA essentially used the white listing or exclusion functionality against the AV product. Once executed, the script added a specific folder to be excluded from AV scanning then used that folder to stage their tools.
Dumping of browser cached credentials to obtain usernames, passwords, and logon URLs for centrally managed AV products. Once the threat actor gained access to the central console, they disabled AV scanning for all the available hosts.
In each of these scenarios above, the actions performed were not through malware. Rather, the threat actor had interactive access to the system and was able to a variety of methods to disable AV prior to downloading their tools, living-off-the-land (“LOTL”) and ultimately ransomware payloads. The AV did not even have a chance to detect the malware because it was disabled prior to the malware reaching the system.
EDR enhanced protection
Arete Incident Responders respond to incidents with a large toolkit of cybersecurity products. The tool of choice to investigate, contain, and eradicate ransomware threats for Arete IR is SentinelOne. Once deployed, the agent cannot be uninstalled by a typical administrator account. Additionally, access to the central console is limited, invite only, and multi-factor authentication is used.
Understanding the actions, the threat actors perform during their reconnaissance phase, traditional AV products have a high chance of missing those actions. Whereas a next generation endpoint protection tool like SentinelOne would inhibit the threat actor’s ability to successfully recon the environment.
Scripts to unload definitions: SentinelOne would detect any attempts to modify the agent causing an alert within the central console as well as blocking the process from continuing.
Scripts to whitelist or exclude directories: Exclusion of directories from scanning can only be modified via the console interface. The endpoint itself cannot modify the exclusion list.
Dumping of cached credentials from the browser: Detection of these tools are commonly identified as Potentially Unwanted Application or Program (PUA/P). SentinelOne would detect these and prevent them from executing.
Scripts to disable the SentinelOne agent would fail. The agent itself can only be uninstalled by initiating uninstall from the console or by using a pass phrase obtained from the central console. The pass phrase is uniquely generated for each endpoint.
In addition to the power of the tamper proof agent from SentinelOne, the attempts of modifying or abnormal activity by the user account would be detected by the AI scanning engine which would create an alert. The alert could then be triaged quickly to identify unauthorized access and, by using a new feature not previously discussed, SentinelOne could isolate the system from the network.
Network isolation, as it pertains to SentinelOne, allows the incident responder to disable network connectivity for that endpoint except for connection to the console. This would remove the threat actor from accessing that system and allow the incident response team to continue their investigation.
Summary
The observations made by Arete Incident Responders has identified threat actors are aware of the environment they penetrate. Instead of just blindly copying their tools to the compromised systems, the threat actors are looking for installed security software to minimize alerts by disabling or bypassing the security software. The commercially, widely, and easily available AV products have limitations with being tamperproof and can be removed by the threat actors because of the escalated privileges they have obtained. Organizations should move either implement compensating controls for traditional AV solutions to detect any changes to the software or implement an ERD solution like SentinelOne to inhibit and prevent future success from these threat actors.
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Article
FortiBleed Campaign Linked to INC and Lynx Ransomware Operations
Researchers have linked the FortiBleed credential-harvesting campaign to the INC and Lynx ransomware-as-a-service (RaaS) operations, establishing a direct connection between large-scale FortiGate credential theft and subsequent ransomware deployment. The attribution is based on a variety of factors, including an operator observed managing negotiation panels for both ransomware groups, notable overlap between FortiBleed victim data and subsequent ransomware targets, and internal infrastructure exposing attack workflows. The campaign is estimated to have targeted more than 430,000 internet-facing FortiGate devices, resulting in administrative access to hundreds of organizations.
What’s Notable and Unique
Researchers identified a shared operator actively managing negotiation panels for both the INC and Lynx ransomware groups, providing rare operational evidence linking the two RaaS operations beyond infrastructure or malware similarities.
Analysis of the exposed infrastructure revealed a structured ransomware operation with dedicated roles for access acquisition, victim management, negotiations, and technical support, reflecting an organized ransomware-as-a-service (RaaS) model rather than an ad hoc criminal group.
The operation reportedly integrates artificial intelligence into multiple stages of the attack lifecycle, including vulnerability research, penetration testing, attack automation, and ransomware development, demonstrating the increasing adoption of AI to enhance offensive capabilities.
Mitigations
Organizations should assume that exposed or previously compromised FortiGate credentials may be leveraged for ransomware deployment and immediately reset administrative and VPN credentials while enforcing multi-factor authentication (MFA) for all privileged access. Security teams should ensure that FortiGate appliances are fully patched, restrict management interfaces to trusted networks, and audit administrative accounts and firewall configurations for unauthorized changes. Organizations should also monitor for anomalous authentication activity, hunt for published indicators of compromise (IOCs), and review VPN and firewall logs for signs of unauthorized access. Maintaining centralized logging and a well-practiced incident response process can help detect and contain attacks before they progress to lateral movement or ransomware deployment.
Analyst Comments
The attribution of FortiBleed to the INC and Lynx ransomware operations reinforces the growing convergence between credential-harvesting campaigns and ransomware deployment, highlighting the role of initial access operations in modern RaaS ecosystems. The relationship between INC and Lynx also aligns with Arete's previous research, which identified a shared malware lineage. INC Ransom, first observed in 2023, was later leaked or sold, enabling code reuse by other threat actors. Lynx, which emerged in 2024, is widely regarded as an evolution of the INC codebase. Sinobi ransomware, identified in 2025, shares near-identical binaries and infrastructure, and approximately 99% code similarity with Lynx. Further details on the code correlation between INC, Lynx, and Sinobi are available in Arete's 2025 Annual Report.
Sources
Is FortiBleed Linked to INC and Lynx Ransomware?
FortiBleed credential-theft campaign linked to Lynx ransomware
FortiBleed Unmasked: A Joint Operation by Lynx and INC Ransomware Groups
FortiBleed Credential Theft Campaign Attributed to INC and Lynx Ransomware Groups
Article
Ransomware Trends & Data Insights: June 2026
Although Akira was once again the most active ransomware threat in June, activity remained relatively distributed among multiple threat groups, with 17 unique threat groups observed throughout the month. Along with Akira, Qilin and INC Ransom remained active and were among the top five most active threat groups observed in June. Several new threat actors also emerged during the month, including KryBit, Settra, and Icarus.

Figure 1. Activity from the top 5 threat groups in June 2026
Throughout the month, analysts at Arete identified several trends behind the threat actors perpetrating cybercrime activities:
In June, a threat actor calling themselves Icarus compromised and exfiltrated data from customers of the market intelligence platform Klue. Klue later confirmed the security incident, which involved attackers stealing OAuth tokens used to connect to customers' Salesforce environments, and reported that the threat actor was deleting the data stolen from affected Klue customers. In an odd twist, reports emerged of a second threat actor claiming to have compromised Icarus's infrastructure and attempting to re-extort Klue's customers. Regardless, the Klue breach highlights the growing threat of software-as-a-service (SaaS) supply chain compromises, particularly those exploiting OAuth tokens and trusted integrations to bypass traditional security controls.
In mid-June, security researchers identified a large-scale credential-harvesting and valid account abuse campaign dubbed “FortiBleed” that systematically targets internet-facing Fortinet FortiGate firewalls and SSL-VPN gateways, relying heavily on automated password spraying and configuration exfiltration rather than vulnerability exploitation. The scale of exposure and attack activity has been significant and globally distributed, with attackers collecting the login credentials of over 86,000 FortiGate devices across 194 countries. There is no singular ‘fix’ to mitigate the database exposure, and it is important that organizations work with their security teams, incident response providers, and other stakeholders to review environments holistically and monitor for signs of potentially unauthorized activity.
Multiple threat groups continue to leverage vulnerable drivers to bypass endpoint detection and response (EDR) solutions in a technique known as Bring Your Own Vulnerable Driver (BYOVD). Arete has observed Akira and DragonForce using the technique in multiple engagements, and The Gentlemen ransomware-as-a-service (RaaS) has also been observed using what researchers are calling "GentleKiller", a framework consisting of multiple variants that leverage vulnerable drivers and EDR-disabling utilities to target a wide range of endpoint security products.
Sources
Arete Internal
Article
Update on FortiBleed Credential Exposure
Last week, security researchers identified a large-scale credential-harvesting and valid account abuse campaign dubbed “FortiBleed” that systematically targets internet-facing Fortinet FortiGate firewalls and SSL-VPN gateways. The campaign relies heavily on automated password spraying and configuration exfiltration rather than vulnerability exploitation.
Attackers first scan for exposed FortiGate devices and rank targets based on revenue. SSH brute-force attacks are used against admin accounts to gain initial access.
Following initial access, operators deploy stealthy packet-sniffing capabilities and establish external listening posts to receive harvested credentials and session data in near real time.
Observed post-exploitation activity strongly indicates pre-positioning for broader enterprise compromise, including lateral movement and potential ransomware deployment.
The scale of exposure and attack activity has been significant and globally distributed. The campaign has been ongoing since at least February 2026, with attackers collecting the login credentials of over 86,000 FortiGate devices across 194 nations.
How Arete Can Help
Arete continues to monitor this campaign, utilizing our extensive experience in detection, threat hunting, and attack surface review to look for indications of unauthorized activity related to this database exposure. Additional information regarding important considerations, containment and credential compromise mitigation actions, and additional hardening recommendations can be found in Arete’s FortiBleed Advisory.
Sources
FortiBleed: SOCRadar’s Investigation into 86,644 Compromised Fortinet Firewalls
FortiBleed Attackers Turn Firewalls Into Credential Stealers as Heists Persist
FortiBleed: The Most Detailed Breakdown Yet of an Active Russian Credential-Harvesting Operation
Hackers Using FortigateSniffer Tool That Turns Compromised Firewalls Into Password Collectors
Article
Europol Disrupts AudiA6 Crypto Laundering Service
European authorities have dismantled AudiA6, a major cryptocurrency laundering service linked to ransomware groups and broader cybercriminal networks. Between 2022 and 2025, the platform is believed to have processed over €336 million in illicit funds, enabling threat actors to obscure financial trails and monetize cybercrime proceeds. Its operators are also suspected of running Dark2Web, a dark web forum that facilitated collaboration, services, and connections among cybercriminals globally. This development underscores the expanding role of sophisticated, large-scale cryptocurrency laundering services in sustaining the cybercrime economy, enabling threat actors to obscure illicit funds and evade regulatory controls.
What’s Notable and Unique
Following law enforcement disruption of Cryptex and Garantex, AudiA6 emerged as another platform involved in financial activities linked to ransomware groups. Investigators believe that AudiA6 became a central hub for cybercriminals seeking to launder stolen digital assets while obscuring the transaction trail from authorities.
On June 10, 2026, a coordinated operation resulted in two arrests in Georgia, the dismantling of key infrastructure (30+ servers, 25 domains), the freezing or seizure of over €778,000 in crypto, and the takedown of the AudiA6 and Dark2Web platforms.
Analyst Comments
Ransomware groups and cybercriminal networks are increasingly leveraging sophisticated techniques, including chain-hopping, decentralized exchanges, and mixer-as-a-service platforms, to rapidly move illicit cryptocurrency across multiple blockchains, effectively obscuring transaction trails. Concurrently, the widespread use of fraudulent exchange accounts, mule wallets, and privacy-enhancing tools has elevated cryptocurrency laundering to a core enabler of the cybercrime ecosystem, allowing actors to bypass anti-money-laundering controls at scale. This investigation identified over 6,000 KYC records linked to money-mule accounts, many of which were tied to Russian-speaking intermediaries specifically recruited to facilitate the movement of illicit proceeds. These threat actors systematically used both commercial and domain-controlled email services to establish mule accounts across multiple cryptocurrency platforms. Collectively, these findings underscore the growing scale, coordination, and professionalization of cryptocurrency-enabled crime, highlighting the critical need for sustained, intelligence-led, and internationally coordinated efforts to disrupt these evolving financial ecosystems.
Sources
Ransomware gangs cut off from EUR 336 million ‘AudiA6’ crypto laundering pipeline



