Welcome to this week’s edition of the Threat Source newsletter.
“Study hard what interests you the most in the most undisciplined, irreverent and original manner possible.” ― Richard Feynman
“I had discovered that learning something, no matter how complex, wasn't hard when I had a reason to want to know it.” ― Homer Hickam, Rocket Boys
*looks around at - gestures - everything*
*opens a new tab in the browser, takes in the newest news on AI, a new tab on supply chains, a new tab on vulnerability, and a new tab on active exploitation and zero-days*
*closes tabs and throws laptop into the nearest bin, à la Ron Swanson*
*opens other laptop, avoids the internet*
*puts on headphones for deep work binaural audio*
*cracks knuckles*
I’m often asked about why I bring up board games and video games when interviewing perspective analysts or threat hunters, so I’m going to give the 8,000 foot view on my thoughts. With everything that is going on, now more than ever we need the most curious people on the planet on our side.
What’s the very first and most important step to securing any environment? Knowing the environment, inside and out. When you play any gameyou must understand the rules: the standard opening moves of chess, or Go, or perhaps the common resource-gathering patterns in strategy games. Once you understand what "normal" play looks like, you can immediately spot when an opponent makes a move that is inefficient or unusual — an anomalous trigger that, if spotted, can lead to victory.
When experienced players recognize patterns (a specific chess gambit, a defensive build in a strategy game, etc.), they don't just react to the current move — they predict several moves into the future from both players, especially if they know their opponents' tendencies. As players gain experience and play against other skilled players, they begin involving feints or decoys (false flags, if you will). A player might sacrifice a minor piece to distract you from their true objective. Learning to look past that "noise" to find the real motivation is the key to taking your experience and skill to the next level.
Threat actors rarely follow a predictable script. They constantly evolve tactics, techniques, and procedures (TTPs). Developing the mental flexibility to handle those unexpected, non-standard behaviors is essential in identifying the unknowns.
The transition from board games to threat hunting is rooted in the development of critical thinking and situational awareness. While board games provide a controlled environment to practice these skills, the core competency — that ability to identify the why behind a deviation — is exactly what will make you a successful threat hunter.
“I prefer to speak in metaphor: That way, no logic can trap me, and no rule can bind me, and no fact can limit me or decide for me what’s possible.” ― Claire Oshetsky, Chouette
The one big thing
Cisco Talos has observed threat actors weaponizing legitimate SaaS notification pipelines, such as those in GitHub and Jira, to deliver phishing and spam emails. By leveragingthese platforms' official infrastructure, attackers bypass traditional email authentication protocols like SPF, DKIM, and DMARC. This "Platform-as-a-Proxy" (PaaP) technique exploits the implicit trust organizations place in system-generated notifications to facilitate credential harvesting. These campaigns effectively mask malicious intent behind the reputation of trusted enterprise tools.
Why do I care?
Traditional email security gateways are often blind to these attacks because the emails are technically authenticated and originate from verified, trusted domains. This technique exploits "automation fatigue," where users are conditioned to reflexively trust system-generated alerts from business-critical platforms. Consequently, attackers can bypass standard perimeter defenses, making it harder to distinguish between legitimate business communications and sophisticated phishing attempts.
So now what?
Transition to a Zero-Trust approach by implementing instance-level verification and cross-referencing notifications against internal SaaS directories. Security teams should ingest SaaS API logs into their SIEM to detect anomalous precursor activities, such as suspicious project creation or mass invitations. Additionally, introduce friction for high-risk interactions by requiring out-of-band verification and apply semantic intent analysis to identify notifications that deviate from a platform's established functional baseline.
Top security headlines of the week
Tech giants launch AI-powered “Project Glasswing”
Major technology companies have joined forces in an effort to use advanced artificial intelligence to identify and address security flaws in the world’s most critical software systems. (CyberScoop)
Russian government hackers broke into thousands of home routers to steal passwords
Fancy Bear, or APT 28, is known for its high-profile hacks and spying operations, including the breach of the U.S. Democratic National Committee in 2016 and the destructive hack that hit satellite provider Viasat in 2022. (TechCrunch)
Storm-1175 deploys Medusa ransomware at “high velocity”
Storm-1175 has rapidly exploited more than a dozen n-days, the most recent of which is CVE-2026-1731, a critical remote code execution flaw in BeyondTrust Remote Support and older versions of the vendor's Privileged Remote Access. (Dark Reading)
North Korean hackers pose as trading firm to steal $285M from Drift
A group of individuals approached Drift staff at a “major crypto conference,” presenting as a professional quantitative trading firm. They went so far as to deposit $1M of their own money into a Drift Ecosystem Vault between December 2025 and January 2026. (HackRead)
Telehealth giant Hims & Hers says its customer support system was hacked
A spokesperson for Hims & Hers said the company was hit by a social engineering attack, and the stolen data “primarily included customer names and email addresses.” (TechCrunch)
Can’t get enough Talos?
New Lua-based malware observed in targeted attacks against Taiwanese organizations
Cisco Talos uncovered a cluster of activity we track as UAT-10362 conducting spear-phishing campaigns against Taiwanese non-governmental organizations (NGOs) and suspected universities to deliver a newly identified malware family, “LucidRook.”
Vulnerabilities old and new and something React2
2025 was characterized by an unending beat-down on infrastructure that relied on older enmeshed dependencies (e.g., Log4j and PHPUnit), while React2Shell rocketed to the highest percentage of attacks for the entire year within the last three weeks of the year.
From the field to the report and back again
The same Year in Review report that Talos IR casework feeds into is the report that defenders should be feeding back into their own preparation cycles. Here’s how you can start.
Talos Takes: 2025's ransomware trends and zombie vulnerabilities
In this episode, Amy and Pierre Cadieux unpack the ransomware and vulnerability trends that defined 2025. From the persistent ransomware threats targeting the manufacturing sector to the rise of stealthy "living off the land" tactics, we break down what these shifts mean for your defense strategy.
Upcoming events where you can find Talos
- OffensiveCon (May 15 – 16) Berlin, Germany
Most prevalent malware files from Talos telemetry over the past week
SHA256: 9f1f11a708d393e0a4109ae189bc64f1f3e312653dcf317a2bd406f18ffcc507
MD5: 2915b3f8b703eb744fc54c81f4a9c67f
Talos Rep: https://talosintelligence.com/talos_file_reputation?s=9f1f11a708d393e0a4109ae189bc64f1f3e312653dcf317a2bd406f18ffcc507
Example Filename: VID001.exe
Detection Name: Win.Worm.Coinminer::1201
SHA256: 90b1456cdbe6bc2779ea0b4736ed9a998a71ae37390331b6ba87e389a49d3d59
MD5: c2efb2dcacba6d3ccc175b6ce1b7ed0a
Talos Rep: https://talosintelligence.com/talos_file_reputation?s=90b1456cdbe6bc2779ea0b4736ed9a998a71ae37390331b6ba87e389a49d3d59
Example Filename: APQ9305.dll
Detection Name: Auto.90B145.282358.in02
SHA256: 38d053135ddceaef0abb8296f3b0bf6114b25e10e6fa1bb8050aeecec4ba8f55
MD5: 41444d7018601b599beac0c60ed1bf83
Talos Rep: https://talosintelligence.com/talos_file_reputation?s=38d053135ddceaef0abb8296f3b0bf6114b25e10e6fa1bb8050aeecec4ba8f55
Example Filename: content.js
Detection Name: W32.38D053135D-95.SBX.TG
SHA256: a31f222fc283227f5e7988d1ad9c0aecd66d58bb7b4d8518ae23e110308dbf91
MD5: 7bdbd180c081fa63ca94f9c22c457376
Talos Rep: https://talosintelligence.com/talos_file_reputation?s=a31f222fc283227f5e7988d1ad9c0aecd66d58bb7b4d8518ae23e110308dbf91
Example Filename: d4aa3e7010220ad1b458fac17039c274_62_Exe.exe
Detection Name: Win.Dropper.Miner::95.sbx.tg**
SHA256: 96fa6a7714670823c83099ea01d24d6d3ae8fef027f01a4ddac14f123b1c9974
MD5: aac3165ece2959f39ff98334618d10d9
Talos Rep: https://talosintelligence.com/talos_file_reputation?s=96fa6a7714670823c83099ea01d24d6d3ae8fef027f01a4ddac14f123b1c9974
Example Filename: d4aa3e7010220ad1b458fac17039c274_63_Exe.exe
Detection Name: W32.Injector:Gen.21ie.1201
SHA256: 5e6060df7e8114cb7b412260870efd1dc05979454bd907d8750c669ae6fcbcfe
MD5: a2cf85d22a54e26794cbc7be16840bb1
Talos Rep: https://talosintelligence.com/talos_file_reputation?s=5e6060df7e8114cb7b412260870efd1dc05979454bd907d8750c669ae6fcbcfe
Example Filename: a2cf85d22a54e26794cbc7be16840bb1.exe
Detection Name: W32.5E6060DF7E-100.SBX.TG