Companies that have fallen victim to espionage on the geopolitical stage
Nachreiner: the focus is shifting from malware to data transfer and privilege escalation
Key points
Cyber espionage is a tool of strategic and economic competition: this is a well-known fact, given the prolonged period of geopolitical instability, but one that is constantly taking on new forms. The campaign attributed by WatchGuard Technologies, another US cybersecurity firm, to the Iranian group MuddyWater is a case in point.
In the second half of February this year, just before the latest escalation between Iran, Israel and the United States, criminal activity affected high-value organisations across four different continents (Asia, the Middle East, Latin America and Europe) for a week, spanning sectors from manufacturing to aviation, from finance to education and the public sector.
Sensitive information and access to strategic supply chains
The targets of state-sponsored espionage activities therefore also include businesses (and not just government bodies) that hold sensitive information or have access to strategic supply chains. The best-documented case involves a major South Korean electronics manufacturer, from which the attackers stole data and copied Windows credential files. This was a genuine, sustained intelligence operation, rather than an attempt to disrupt the company’s network and systems.
“This phenomenon,” explained Corey Nachreiner, CISO at WatchGuard, to *Il Sole 24 Ore*, “is becoming more stealthy, more patient and increasingly difficult to distinguish from normal IT activities.” In this regard, the MuddyWater campaign reflects an even broader trend in espionage carried out by ‘nation-state’ actors, according to which attackers are relying less and less on malware or easily recognisable malicious code, and increasingly on legitimate cloud services and genuine software already present within the victim’s IT systems, using them without authorisation and for hostile purposes.
“Rather than ceasing their operations immediately,” Nachreiner adds, “they often aim to gain privileges and persistent access, whilst remaining undetected for as long as possible.”

