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Good Europol Hunting: How Do You Like Them Apples, Emotet?
Combating Ransomware

On January 27, 2021, Europol announced that it had led a coordinated takedown of the Emotet infrastructure in collaboration with law enforcement authorities in the Netherlands, Germany, the United States, the United Kingdom, France, Lithuania, Canada, and Ukraine.
According to Europol, over the course of the operation, it has been able to map out and take control of servers from around the world that Emotet was using as “command-and-control” (C2) nodes. Europol also shared that it would use the seized servers to deactivate Emotet by pushing an update to all infected systems still connecting to the seized C2s. Analysis of the new Emotet updates, which were developed by Europol, shows code that will self-remove the Trojans from infected systems on March 25, 2021, at 12:00 (local time).
“As part of the criminal investigation conducted by the Dutch National Police into EMOTET, a database containing e-mail addresses, usernames and passwords stolen by EMOTET was discovered. You can check if your e-mail address has been compromised. As part of the global remediation strategy, in order to initiate the notification of those affected and the cleaning up of the systems, information was distributed worldwide via the network of so-called Computer Emergency Response Teams (CERTs).”
Source: Europol
The Ukrainian National Police agency also reported making some arrests in connection with this operation.

Mutable currency seized from Emotet
Emotet Overview
Emotet is a sophisticated banking Trojan that security researchers first identified in 2014. Originally, it was designed to steal banking credentials for use in taking over bank accounts and stealing funds from victims. Over the years, its functionality was updated to enable hackers to deploy supplementary malware and steal content from victims’ email systems.
In mid-2018, the Emotet group started to work closely with operators of the TrickBot banking Trojan and Ryuk/Conti ransomware groups. After initial infection, Emotet can stay undetected for weeks, sometimes months, before it eventually deploys the TrickBot Trojan, which can then lead to a subsequent ransomware attack. In the last few months, Emotet has also been seen deploying IcedID and Qbot Trojans, which can also lead to ransomware attacks by the MegaCortex, Prolock, and/or Maze/Egregor variants.
Emotet Risk Assessment
On October 12, 2020, Microsoft announced a similar takedown of the Trickbot infrastructure. In this case, the botnet’s owners were able to rebuild their infrastructure and restart operations in about four weeks. In part, this quick reboot was thanks to the Trickbot banking Trojan having a “fallback” communications module, which uses a blockchain distributed domain name service (DNS) technology called Emercoin DNS (EmerDNS) that law enforcement cannot take over. After the Trickbot operators deployed a new set of C2 servers, they were able to use the fallback channel to update configurations on infected systems.

It’s all about the money. Cold. Hard. Cash.
Unlike Trickbot, Emotet does not have a similar fallback capability and cannot regain access to infected systems to update configurations. Therefore, it will likely take the Emotet group longer to recover and resume operations. Based on the Arete Cyber Threat Intelligence (CTI) team’s assessment, the takedown of the Emotet C2 infrastructure will disrupt this botnet’s operations for at least five to six weeks.
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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



