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FortiBleed Credential Harvest Is Directly Feeding INC and Lynx Ransomware Operations

The FortiBleed campaign, a large-scale credential-harvesting operation targeting over 430,000 FortiGate firewalls across 150 countries, has been directly linked to the deployment of INC Ransom and Lynx ransomware. Active since at least February and likely run by a Russian initial access broker involving around 20 individuals, the operation has compromised over 110 million credentials and resulted in ransomware attacks on 12 organisations, with hundreds of endpoints encrypted. SOCRadar confirmed the connection after an operational security mistake by the attackers exposed internal files, revealing a single operator working both ransomware negotiation panels using infrastructure tied to the FortiBleed campaign.

10 Jul 2026

FortiBleed Gang Moonlights for INC and Lynx Ransomware as Credential Haul Reaches 110 Million

The FortiBleed credential theft campaign has been directly linked to INC and Lynx ransomware operations, with an operator found accessing negotiation panels for both groups while using stolen FortiGate credentials to facilitate ransomware deployments. SOCRadar's investigation revealed the campaign targeted around 430,000 FortiGate firewalls globally, harvesting over 110 million credentials, with at least 12 confirmed ransomware deployments resulting in hundreds of encrypted endpoints. Evidence suggests the operation is run by an approximately 20-person Russian-speaking group, likely acting as an initial access broker, with signs they may be expanding their targeting beyond Fortinet devices to Citrix infrastructure.

4 Jul 2026