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The Fraud Ecosystem: A Transition From Known Marketplaces to a Fragmented Environment
Rapid7 analyzes how fraud marketplaces are fragmenting into specialized shops after larger marketplaces were dismantled, aided by new MITRE F3 framework
Rapid7 reports a shift from large known fraud marketplaces to a fragmented environment of smaller specialized storefronts such as Xleet, Blackpass, Infodig, and Styx, operating across dark web channels, Telegram, and P2P options. These Fraud-as-a-Service shops sell stolen accounts, PII, synthetic identity generation, infrastructure, and money laundering support, supporting schemes like business email compromise. MITRE's Fraud Fighting Framework (F3), introduced in early 2026, aims to help security teams prioritize monitoring of fraud TTPs, particularly account takeover techniques. Fraud damages are anticipated to approach hundreds of billions of USD.
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The Smishing Deluge: China-Based Campaign Flooding Global Text Messages
Unit 42 attributes a global smishing campaign with 194,000+ phishing domains impersonating tolls, banks, and couriers to the Smishing Triad.
Palo Alto Unit 42 attributes ongoing smishing texts about toll violations and package misdelivery to the Smishing Triad, targeting U.S. residents since April 2024. Researchers identified 194,345 FQDNs across 136,933 root domains registered since January 2024, mostly via Hong Kong registrar Dominet (HK) Limited with Chinese nameservers and hosting concentrated on U.S. cloud services. The decentralized campaign impersonates banking, cryptocurrency, e-commerce, healthcare, law enforcement, and social media services, and its scale points to a large phishing-as-a-service operation. Phishing pages harvest national ID numbers such as Social Security numbers, home addresses, payment details, and login credentials.
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Integrated cloud-native security platforms can overcome limitations of traditional security products
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PAPERMILL Hackers Abuse Signed Notepad++ to Deploy VenomRAT in Tax Audit Attacks
PAPERMILL phishing campaign abuses a signed Notepad++ copy and tax-audit lures to deploy VenomRAT against targets in India.
JUMPSEC tracks PAPERMILL as an emerging cluster whose emails pass SPF, DKIM, and DMARC and deliver tax-audit themed disk images. The mounted image pairs a legitimately signed, renamed executable with a rogue libcurl.dll for DLL sideloading, then uses a Donut shellcode loader to run VenomRAT 6.0.3 in memory with hidden VNC, data-stealing, and file-grabbing capabilities. The loader includes anti-analysis checks and RunOnce persistence, and lures plus China-connected infrastructure overlap with the Silver Fox ecosystem, though attribution remains unconfirmed.
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