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FortiBleed Campaign Linked to INC and Lynx Ransomware Operations

Arete Analysis

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.

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Ransomware Trends & Data Insights: October 2026

Although Akira once again emerged as the most active ransomware group in October, overall ransomware and extortion activity was not dominated by any single threat group and instead remained widely distributed among a variety of threat actors, continuing the trend that began around August. Arete identified 31 unique named threat groups in October, the most observed in a single month so far in 2026. In addition to Akira, Settra, and The Gentlemen were among the three most active groups. Several new threat actors also emerged, including BYOD, Kubera Team, QWCrypt, AoQin, Emperador, Osiris Team, and Cinder, with Cinder assessed as possibly part of a threat actor cluster affiliated with the former BlackFile group.

Figure 1. Activity from the top 10 threat groups in October 2026

Throughout the month, analysts at Arete identified several trends behind the threat actors perpetrating cybercrime activities:

  • PHP2Shell emerged as one of the most significant threats in October, with increasing exploitation of the critical PHP vulnerabilities CVE-2026-109618 and CVE-2026-109619. Other notable vulnerabilities included CVE-2026-104286 affecting FortiMail, and CVE-2026-102255, a critical pre-authentication Server-Side Request Forgery (SSRF) vulnerability affecting SonicWall SMA1000 appliances, highlighting continued threat actor interest in internet-facing enterprise infrastructure.

  • International law enforcement operations against cybercriminal groups continued to make headlines in October. German authorities announced the arrest of 28-year-old Russian national Vladimir K., suspected of being a senior operator within the Qilin Ransomware-as-a-Service (RaaS) group. Separately, the FBI arrested an individual with suspected links to ShinyHunters, adding to recent law enforcement activity targeting ransomware and extortion groups, including the disruption of KillSec. While Vladimir K.’s arrest has not yet had a notable impact on Qilin’s operational activity, it could provide law enforcement with greater insight into the group’s infrastructure and affiliate network, potentially supporting further disruption efforts.

  • In early October, “The Luna Moth Files” exposed several files containing alleged internal communications associated with Luna Moth, also known as Silent Ransom Group, revealing insights into the group’s social engineering, data extortion, and victim negotiation operations. However, several claims remain unverified, and the exposure has not notably disrupted the group’s activity thus far, as it was among the top threat actors Arete observed throughout the month.

Sources

  • Arete Internal

Article

PHP2Shell Exploitation Update

PHP2Shell exploitation activity continues to increase globally, with threat actors targeting the critical PHP remote code execution (RCE) vulnerabilities CVE-2026-109618 and CVE-2026-109619. Researchers recently identified low-volume scanning targeting unpatched or partially mitigated hosts across multiple countries and sectors, and the activity is assessed with moderate confidence as linked to a Korean-speaking operator associated with the Lazarus Group ecosystem. While PHP2Shell (CVE-2026-109618 and CVE-2026-109619) has been patched in PHP 8.5.12, 8.4.27, 8.3.36, and 8.2.35, the separately identified CVE-2026-115560 remains unpatched. 

What’s Notable and Unique

  • PHP2Shell vulnerabilities can cause memory corruption due to improper error handling, potentially allowing threat actors to achieve remote code execution on vulnerable PHP servers.

  • Observed activity includes mass scanning, PHP environment fingerprinting, exploitation attempts, credential and secret theft attempts, and attempts to deliver second-stage payloads and malware.

  • Successful in-the-wild exploitation has also been reported against honeypots, resulting in shell command execution and the retrieval of additional payloads, demonstrating the potential for follow-on malicious activity.

Mitigations

Organizations should prioritize upgrading internet-facing PHP deployments to patched versions, migrating unsupported PHP versions, updating embedded and containerized PHP runtimes, and implementing available Web Application Firewall (WAF) protections as a temporary defense-in-depth measure.

Analyst Comments

PHP2Shell poses a significant security concern due to its potential to enable unauthenticated remote code execution on vulnerable PHP servers. The progression from mass scanning and exploitation attempts to reports of successful command execution demonstrates the potential for these vulnerabilities to support initial access and subsequent malicious activity. Arete has been closely monitoring PHP2Shell exploitation activity and regularly reviewing and updating related indicators to support detection and blocking efforts. Given the potential for remote exploitation and follow-on activity, PHP2Shell represents a high-priority initial-access risk, emphasizing the importance of timely patching and remediation of affected PHP environments.  

Sources

  • PHP shares mitigation for new RCE vulnerability with no patch 

  • PHP2Shell Exploitation Attempts Continue Amid Suspected N. Korea Global Scanning Activity 

  • PHP2Shell Exploit Attempts Hit Millions as Attackers Try to Deploy Mirai Malware 

  • Advisory: PHP2Shell Vulnerabilities (CVE-2026-109618, CVE-2026-109619) 

Article

LiteLLM Supply-Chain Compromise

A software supply-chain attack compromised the release pipeline of LiteLLM, a widely used open-source Python SDK and AI gateway. Attackers leveraged the compromised pipeline on October 21st to publish a malicious LiteLLM version through PyPI and associated Docker registries. The affected release, LiteLLM 1.107.0, contained malware designed to steal credentials, sensitive configuration data, private keys, browser information, and other secrets from compromised systems.

What’s Notable and Unique

  • The incident is particularly significant because LiteLLM provides a common API for applications to interact with AI models from multiple providers. It is reported that the project had approximately 61,800 GitHub stars and 92 million monthly PyPI downloads.

  • Rather than modifying the core LiteLLM application source code, the threat actors reportedly tampered with the installation package itself. The malware was designed for broad credential and information theft and encrypted the collected data before uploading it to the attacker's endpoint.

  • The compromise went beyond one-time credential theft. A malicious Python component launched a detached loader that checked a GitHub-hosted pointer every hour and could download Python code from an external server for execution on the compromised machine. This provided threat actors with a mechanism for subsequent remote code execution.

Analyst Comments

Although the malicious packages were subsequently removed, simply uninstalling or deleting the affected LiteLLM package may not be sufficient, because malicious Python startup files or the detached loader could remain on the host. All exposed information should be rotated immediately, and infected systems should be isolated and rebuilt from clean backups. The most recent clean release prior to the attack, LiteLLM 1.106.2, is currently the suggested recovery version.

Sources

  • LiteLLM release pipeline hacked to distribute info-stealer malware

  • LiteLLM 1.107.0 Compromised: Python Startup Hooks Steal Cloud, AI, and Proxy Credentials

  • The Collector Reaches Beyond Provider API Keys

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