IR Trends Q2 2025: Phishing attacks persist as actors leverage compromised valid accounts to enhance legitimacy blog.talosintelligence.com/ir-trends…

Phishing remained the top method of initial access this quarter, appearing in a third of all engagements – a decrease from 50 percent last quarter. Threat actors largely leveraged compromised internal or trusted business partner email accounts to deploy malicious emails, bypassing security controls and gaining targets’ trust. Interestingly, the objective of the majority of observed phishing attacks appeared to be credential harvesting, suggesting cybercriminals may consider brokering compromised credentials as simpler and more reliably profitable than other post-exploitation activities, such as engineering a financial payout or stealing proprietary data.

Ransomware and pre-ransomware incidents made up half of all engagements this quarter, similar to last quarter. Cisco Talos Incident Response (Talos IR) responded to Qilin ransomware for the first time, identifying previously unreported tools and tactics, techniques, and procedures (TTPs), including a new data exfiltration method. Our observations of Qilin activity indicate a potential expansion of the group and/or an increase in operational tempo in the foreseeable future, warranting this as a threat to monitor. Additionally, ransomware actors leveraged a dated version of PowerShell, PowerShell 1.0, in a third of ransomware and pre-ransomware engagements this quarter, likely to evade detection and gain more flexibility for their offensive capabilities.