Article
Fool Us Once … BlackMatter Initial Access Tactics Point to a Possible REvil Association
Arete Analysis
Cyber Threats
Threat Actors

By Kevin Baker
Arete observed an overlap between a recent BlackMatter case and a Q1 2021 REvil case. In both instances, the actors leveraged the NodeJS-based Gootloader to deliver a CobaltStrike payload.
In a March 2021 insight, Arete detailed findings related to complex watering-hole infrastructure used to deliver Gootloader to unsuspecting victims. Highlights included:
REvil actors leveraged compromised web servers of legitimate businesses to host Gootloader.
Actors leveraged search engine optimization (SEO) hijacking to push malicious results to the top.
The malicious search results led to an actor-controlled site masquerading as a legitimate messaging board.
The board contained fake posts by different users, including an “admin” account (Figure 1).
The download link in Figure 1 led to a JS-payload that installed a CobaltStrike (CS) beacon.
The actor leveraged CS to move laterally within the victim’s network to deploy and execute the REvil ransomware.

Figure 1 – Actor-controlled forum and fake posts (Source: Arete Forensics Insight)
While watering-hole attacks have been around for years, Arete did not previously observe this specific watering-hole site configuration in the wild or associated with ransomware threat group activity until this specific REvil investigation and response in Q1 2021. Fast forward a few months and REvil is no longer operational and their infrastructure (e.g., communication site, storage sites) is offline. The cause of the REvil’s disappearance is unknown, but the group’s tactics, techniques, and procedures (TTPs) live on with another group: BlackMatter.
In August 2021, Arete was engaged to investigate and respond to a BlackMatter ransomware attack that impacted a law practice in the Midwest United States. Forensic timeline analysis of the observed indicators of compromise (IoCs) led Arete to assess that while the BlackMatter ransomware payload was detonated in August 2021, the initial compromise originally occurred in May 2021 and was attributed to the same type of Gootloader JS payload that impacted the professional services organization we assisted in Q1 2021.
Analysis indicated that in early May 2021, an employee of the victim organization searched in Google for “intercompany agreement transfer pricing sample.” As was the case with the Q1 2021 REvil incident, the actors leveraged SEO hijacking to prioritize the Gootloader infected pages. Arete observed that several keywords were altered to reflect the employee’s search terms (Figure 2).

Figure 2 – Gootloader watering hole leads to BlackMatter ransomware deployment.
When compared side by side with the Gootloader watering hole REvil leveraged in Q1 2021, these pages are nearly identical (save for a different link, a different title of the document the user was searching for, and some slight modification to the icons of the fake forum users). Arete observed similarities between the watering hole leveraged by REvil and the watering hole leveraged by BlackMatter (Figure 1, Figure 3, and Figure 4). Similar behavior was previously reported for other Gootloader campaigns, including but not limited to matching “forum themes” and multi-language versions of the forums.

Figure 3 – Comparing REvil to BlackMatter Gootloader-involved attack lifecycle.

Figure 4 – Gootloader JS payload diff.
Dynamic analysis of the BlackMatter Gootloader sample resulted in different domain callouts for command-and-control (C2) infrastructure when compared against the older Gootloader sample associated with the Q1 2021 REvil attack. Those domain callouts are documented below for incorporation into EDR/HIDS/NIDS:

While it’s impossible to confirm with absolute certainty the linkage between REvil and BlackMatter, it is notable that both groups share a similar initial access tactic of leveraging fake forum posts weaponized with Gootloader, coupled with SEO hijacking, to gain an initial foothold in targeted environments.
The Arete Threat Intelligence and Forensics teams continue to monitor any potential changes to TTPs for BlackMatter or the re-emergence of REvil.
Acknowledgements
Arete would like to acknowledge the contributions of Senior Forensic Analyst Robert Christine for documenting and timelining the indicators and observables that led to this discovery.
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Top 9 Security Controls for SMBs
In today’s complex cyber threat landscape, small and medium-sized businesses (SMBs) should implement a layered, multi-pronged approach to security. Here are some proven, effective controls to consider:
1. Implement MFA for All Users
Multi-factor authentication (MFA) is an effective and accessible way to protect sensitive data, comply with regulatory standards, and prevent unauthorized access to critical systems. By ensuring that users not only use a password but also a secure token, an organization can significantly reduce phishing attempts, credential stuffing attacks, and ransomware incidents. MFA should be enabled for email, VPN, and critical system access.
2. Update Patch Management Programs
A modern patching program should include policies and mechanisms to manage software updates in a timely manner. Patching efforts should address not just operating system updates, but also commonly utilized software within the environment. An active patching plan aims to reduce the mean time to patch and provide metrics on existing patch efforts. In the event of a high-severity vulnerability, a mature patching program should also be able to identify the risks and exposure for a given set of systems based on the average time to patch. This helps stakeholders make informed decisions when a new exploit is released.
3. Leverage a Properly Managed Endpoint Detection and Response (EDR) Tool
With real-time threat detection and advanced visibility, endpoint detection and response (EDR) solutions can enhance an organization’s ability to detect and investigate potential malicious activity, including ransomware, lateral movement, fileless attacks, and more. Effective management of EDR should include proper configuration, regular agent updates, and established procedures for responding to alerts.
4. Enhance EDR with Frontline Incident Intelligence
While EDR solutions are an important component of a security program, threat actors are continually adapting their techniques to evade detection, and as a result, standard detection methods may not always identify emerging threats or novel attack behaviors. To strengthen protection, organizations can supplement EDR tools with custom detection rules informed by incident response data. These rules can help identify indicators of compromise observed during cyber incidents, providing an additional layer of visibility beyond traditional detections.
Arete Bloktd℠ illustrates this approach by transforming threat intelligence and malware analysis into curated detection rules for EDR tools. Applying frontline intelligence to security tools can result in earlier detection, less investigative burden, and a more confident response.
5. Create and Continuously Test an Incident Response (IR) Plan
An incident response plan can help an organization effectively identify, respond to, and recover from a cybersecurity incident while minimizing disruption and downtime. An IR plan defines clear roles, escalation paths, communication strategies, and decision frameworks for both internal and external teams. To be effective, these plans should be regularly tested with post-incident reviews or tabletop exercises involving key stakeholders.
6. Maintain Encrypted and Tested Data Backups
In the case of a cyberattack, backups can help organizations maintain business continuity, support ransom negotiations with threat actors, and contribute to a timely and successful recovery. Encrypting backups makes it more difficult for threat actors to access or alter them, and regular testing ensures they remain accessible during a security incident.
7. Conduct Employee Security Awareness Training
Human error is a leading cause of cybersecurity incidents, and an organization’s employees are its first line of defense against cyber threats. Security awareness training reinforces the importance of data confidentiality, supports regulatory compliance, and helps employees recognize and understand red flags such as suspicious emails, malicious links, and social engineering attempts.
8. Assess and Address Existing Risk and Vulnerabilities
To maintain a proactive approach to risk management and improve resilience, organizations should regularly assess existing vulnerabilities through expert-led Vulnerability Assessments, Penetration Testing, and Threat Hunting Assessments. These exercises can help identify security gaps, support regulatory compliance, and prevent potential incidents. During remediation, prioritize high-impact vulnerabilities and make a plan for periodic assessments.
9. Apply Least-Privilege Access Controls
Employees should have access only to the systems, applications, and data necessary to perform their jobs. By removing unnecessary administrative privileges and regularly reviewing user permissions, organizations can reduce the risk of unauthorized access and limit the damage caused by compromised accounts or insider threats.
Organizations should regularly review their cybersecurity programs, stay informed about emerging threats, and evaluate whether their security controls are adapting to the evolving threat landscape.
Article
Ransomware Trends & Data Insights: August 2026
Although INC Ransom was the most active ransomware threat group observed in August 2026, overall activity remained relatively distributed across the threat landscape, with approximately 30 unique ransomware and extortion groups, including both established and newly emerged actors, observed during the month. Alongside INC Ransom, Storm, DragonForce, Qilin, and The Gentlemen were among the top five most active threat groups, underscoring the continued diversity and competitiveness of the ransomware ecosystem.

Figure 1. Activity from the top 5 threat groups in August 2026
Throughout the month, analysts at Arete identified several trends behind the threat actors perpetrating cybercrime activities:
August 2026 was a significant month for the emergence of new threat actors, with Arete identifying several previously untracked ransomware groups, including Storm, Dark Project, DireWolf, Morpheus, Orova, Spirals, Wallstreet Team, and Zawoo Team. This trend underscores the ongoing evolution of the threat landscape and the low barriers to entry for new cybercriminal operations.
Arete observed a continued use of AI-enabled capabilities across the ransomware ecosystem during August. Similar to Fulcrumsec and Setra, the newly emerged Zawoo Team appears to leverage AI-assisted analysis of stolen data, publishing highly structured and detailed victim assessments on its data leak site (DLS). Additionally, both the Aurora and Storm ransomware groups have been observed utilizing AI-driven or AI-assisted chat representatives during victim communications. These developments suggest that threat actors are increasingly incorporating AI to enhance data analysis, automate victim engagement, and improve the effectiveness and scalability of extortion operations.
In August, Arete also observed that despite sustained law enforcement disruption efforts, LockBit continues to demonstrate operational resilience, likely through the expansion of its affiliate ecosystem and the evolution of its tactics. Recent activity indicates an increased reliance on data theft and exfiltration-only operations, with observed victimology suggesting a notable focus on organizations within the financial sector.
Sources
Arete Internal
Report
Arete's H1 2026 Crimeware Report
Explore intelligence and operational data from the frontlines of ransomware and extortion response as we detail the most significant trends and developments in the cyber threat landscape in the first half (H1) of 2026.
Article
WinRAR Path-Traversal Vulnerability Exploited in Ransomware Attacks
CISA has warned that CVE-2025-8088, a path-traversal vulnerability in WinRAR, is being exploited in ransomware attacks. The vulnerability allows attackers to use specially crafted archive files to place malicious executables in locations such as the Windows Startup folder, enabling code execution when the system restarts. WinRAR addressed this vulnerability in version 7.13, but exploitation has continued due to challenges in updating the software. CISA's updated KEV entry now specifically identifies the vulnerability as being used in ransomware attacks.
What’s Notable and Unique
The vulnerability was initially exploited as a zero-day by the Russia-linked RomCom group, enabling malware execution at user logon and supporting credential theft, cyberespionage, and ransomware-related activities.
CVE-2025-8088 continues to be actively exploited by both government-backed and financially motivated threat actors. Observed campaigns have been attributed to Russian- and Chinese-linked groups targeting several organizations.
Phishing campaigns leveraging weaponized RAR attachments exploited CVE-2025-8088 to silently place malicious payloads in autorun locations using directory traversal and Alternate Data Streams (ADS).
The widespread exploitation of CVE-2025-8088 highlights strong demand for effective WinRAR exploits, with multiple underground vendors previously supplying exploit capabilities to a diverse range of threat actors. One such vendor, zeroplayer, advertised a WinRAR exploit in July 2025.
Analyst Comments
Organizations should immediately upgrade WinRAR to version 7.13 or later and conduct an enterprise-wide inventory to identify unmanaged installations. Given that WinRAR lacks automatic updates, Group Policy support, and integration with common enterprise patch management platforms, manual verification and remediation may be required to ensure all vulnerable instances are addressed. Security teams should also enhance defenses against archive-based phishing attacks by blocking or scrutinizing unsolicited compressed files, monitoring for suspicious file creation in Windows Startup directories, and detecting abuse of ADS. With CISA now linking CVE-2025-8088 to ransomware activity, organizations should treat remediation as a high priority and actively monitor for indicators of WinRAR-based exploitation across their environments.
Sources
CISA Adds Three Known Exploited Vulnerabilities to Catalog
WinRAR vulnerability being exploited in ransomware attacks, CISA warns



