Article
Sanctions Against Zservers
Feb 26, 2025
Arete Analysis
On February 11th, 2025, the US Treasury Department, along with the UK and Australian governments, sanctioned the bulletproof hosting provider Zservers, their registered company name XHOST Internet Solutions LP, and six administrators for providing support to ransomware groups –particularly LockBit ransomware-as-a-service (RaaS) affiliates. Additionally, on February 12th, law enforcement in the Netherlands seized 127 servers used by Zservers/XHOST following a yearlong investigation of the hosting provider.
What is Bulletproof Hosting?
Bulletproof hosting (BPH) providers are hosting services that offer anonymity from law enforcement. They are part of the cybercrime-as-a-service ecosystem and sell access to servers and infrastructure for operating and conducting cyberattacks and other criminal activity. BPHs market themselves on dark web forums and use techniques in their networks and architecture that make it difficult for law enforcement to identify and track users paying for their services.

Figure 1. BPH advertisement from dark web forums (source: Australian Signals Directorate)
Analyst Comments
To assess these potential sanctions issues accurately, Arete will leverage Autonomous System Numbers (ASNs) associated with the hosting provider and the known cryptocurrency wallets the administrators use. Arete tracks ASNs and hosting providers used by threat actors as part of our robust attribution, tracking, and due diligence processes for compliance with the Department of the Treasury’s Office of Foreign Asset Controls (OFAC) and Anti-Money Laundering (AML) frameworks. As ASN and routing assignments change, Arete will continuously monitor the Zserver/XHOST infrastructure to capture its use by threat actors. Despite its widespread usage, XHOST infrastructure is not often the primary infrastructure leveraged by threat actors and was observed in only 2% of Arete ransomware and extortion engagements to date. Further, the law enforcement seizures of the Zservers and XHOST servers will render most of the currently registered infrastructure unusable by threat actors, further limiting the impact of potential sanctions on current and future engagements.
Sources
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Article
Feb 12, 2026
2025 VMware ESXi Vulnerability Exploited by Ransomware Groups
Ransomware groups are actively exploiting CVE‑2025‑22225, a VMware ESXi arbitrary write vulnerability that allows attackers to escape the VMX sandbox and gain kernel‑level access to the hypervisor. Although VMware (Broadcom) patched this flaw in March 2025, threat actors had already exploited it in the wild, and CISA recently confirmed that threat actors are exploiting CVE‑2025‑22225 in active campaigns.
What’s Notable and Unique
Chinese‑speaking threat actors abused this vulnerability at least a year before disclosure, via a compromised SonicWall VPN chain.
Threat researchers have observed sophisticated exploit toolkits, possibly developed well before public disclosure, that chain this bug with others to achieve full VM escape. Evidence points to targeted activity, including exploitation via compromised VPN appliances and automated orchestrators.
Attackers with VMX level privileges can trigger a kernel write, break out of the sandbox, and compromise the ESXi host. Intrusions observed in December 2025 showed lateral movement, domain admin abuse, firewall rule manipulation, and staging of data for exfiltration.
CISA has now added CVE-2025-22225 to its Known Exploited Vulnerabilities (KEV) catalog, underscoring ongoing use by ransomware attackers.
Analyst Comments
Compromise of ESXi hypervisors significantly amplifies operational impact, allowing access to and potential encryption of dozens of VMs simultaneously. Organizations running ESXi 7.x and 8.x remain at high risk if patches and mitigations have not been applied. Therefore, clients are recommended to apply VMware patches from VMSA‑2025‑0004 across all ESXi, Workstation, and Fusion deployments. Enterprises are advised to assess their setups in order to reduce risk, as protecting publicly accessible management interfaces is a fundamental security best practice.
Sources
CVE-2025-22225 in VMware ESXi now used in active ransomware attacks
The Great VM Escape: ESXi Exploitation in the Wild
VMSA-205-004: VMware ESXi, Workstation, and Fusion updates address multiple vulnerabilities (CVE-205-22224, CVE-2025-22225, CVE-2025-22226)
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Article
Feb 5, 2026
Ransomware Trends & Data Insights: January 2026
Although Akira was once again the most active ransomware group in January, the threat landscape was more evenly distributed than it was throughout most of 2025. In December 2025, the three most active threat groups accounted for 57% of all ransomware and extortion activity; in January, the top three accounted for just 34%. Akira’s dominance also decreased to levels more consistent with early 2025, as the group was responsible for almost a third of all attacks in December but just 17% in January.
The number of unique ransomware and extortion groups observed in January increased slightly, to 17, up from 14 in December. It is too early to assess whether this trend will be the new normal for 2026. It is also worth noting that overall activity in January was lower than in previous months, consistent with what Arete typically observes at the beginning of a new year.

Figure 1. Activity from all threat groups in January 2026
Throughout the month of January, analysts at Arete identified several distinct trends behind the threat actors perpetrating cybercrime activities:
In January, Arete observed the reemergence of the LockBit Ransomware-as-a-Service (RaaS) group, which deployed an updated “LockBit 5.0” variant of its ransomware. LockBit first announced the 5.0 version on the RAMP dark web forum in early September 2025, coinciding with the group’s six-year anniversary. The latest LockBit 5.0 variant has both Windows and Linux versions, with notable improvements, including anti-analysis features and unique 16-character extensions added to each encrypted file. However, it remains to be seen whether LockBit will return to consistent activity levels in 2026.
The ClickFix social engineering technique, which leverages fake error dialog boxes to deceive users into manually executing malicious PowerShell commands, continued to evolve in unique ways in January. One campaign reported in January involved fake Blue Screen of Death (BSOD) messages manipulating users into pasting attacker-controlled code. During the month, researchers also documented a separate campaign, dubbed “CrashFix,” that uses a malicious Chrome browser extension-based attack vector. It crashes the web browser, displays a message stating the browser had "stopped abnormally," and then prompts the victim to click a button that executes malicious commands.
Also in January, Fortinet confirmed that a new critical authentication vulnerability affecting its FortiGate devices is being actively exploited. The vulnerability, tracked as CVE-2026-24858, allows attackers with a FortiCloud account to log in to devices registered to other account owners due to an authentication bypass flaw in devices using FortiCloud single sign-on (SSO). This recent activity follows the exploitation of two other Fortinet SSO authentication flaws, CVE-2025-59718 and CVE-2025-59719, which were disclosed in December 2025.
Source
Arete Internal
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Article
Feb 2, 2026
New FortiCloud SSO Vulnerability Exploited
Fortinet recently confirmed that its FortiGate devices are affected by a new critical authentication vulnerability that is being actively exploited. The vulnerability, tracked as CVE-2026-24858, allows attackers with a FortiCloud account to log in to devices registered to other account owners due to an authentication bypass flaw in devices using FortiCloud single sign-on (SSO). CISA added the vulnerability to its Known Exploited Vulnerabilities catalogue and gave federal agencies just three days to patch, which requires users to upgrade all devices running FortiOS, FortiManager, FortiAnalyzer, FortiProxy, and FortiWeb to fixed versions. This recent activity follows the exploitation of two other SSO authentication flaws, CVE-2025-59718 and CVE-2025-59719, which were disclosed last month.
What’s Notable and Unique
There are strong indications that much of the recent exploitation activity was automated, with attackers moving from initial access to account creation within seconds.
As observed in December 2025, the attackers’ primary target appears to be firewall configuration files, which contain a trove of information that can be leveraged in future operations.
The threat actors in this campaign favor innocuous, IT-themed email and account names, with malicious login activity originating from cloud-init@mail[.]io and cloud-noc@mail[.]io, while account names such as ‘secadmin’, ‘itadmin’, ‘audit’, and others are created for persistence and subsequent activity.
Analyst Comments
This is an active campaign, and the investigation into these attacks is ongoing. Organizations relying on FortiGate devices should remain extremely vigilant, even after following patching guidance. With threat actors circumventing authentication, it’s crucial to monitor for and alert on anomalous behavior within your environment, such as the unauthorized creation of admin accounts, the creation or modification of access policies, logins outside normal working hours, and anything that deviates from your security baseline.
Sources
Administrative FortiCloud SSO authentication bypass
Multiple Fortinet Products’ FortiCloud SSO Login Authentication Bypass
Arctic Wolf Observes Malicious Configuration Changes On Fortinet FortiGate Devices via SSO Accounts
Arctic Wolf Observes Malicious SSO Logins on FortiGate Devices Following Disclosure of CVE-2025-59718 and CVE-2025-59719
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Podcast
Jan 26, 2026
Cyber Campfire: December Threat Trends & Insights
Cyber Campfire delivers data-driven insights from Arete’s Threat Intelligence Team. In this episode, we discuss cyber threat trends, statistics, and emerging threat actors from December 2025. Tune in for an in-depth look at the evolving threat landscape and actionable insights for global organizations and security partners.
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