Adversary Universe Podcast

China’s Cyber Enterprise Grows: CrowdStrike 2025 Global Threat Report

China’s cyber enterprise is rapidly growing: China-nexus activity was up 150% across industries in 2024, with a 200-300% surge in key sectors such as financial services, media, manufacturing, and industrials/engineering. CrowdStrike identified seven new China-nexus adversaries in 2024.
“After decades investing in offensive cyber capabilities, China has achieved parity with some of the top players out there, and I think that is the thing that should terrify everybody,” Adam says.  
China-nexus threat actors aren’t the only ones evolving their cyber operations. As the CrowdStrike 2025 Global Threat Report shows, nation-state and eCrime adversaries spanning regions and skill levels are gaining speed and refining their techniques. They’re learning what works and what doesn’t, and they’re scaling their effective tactics to achieve their goals.
So what works? Voice phishing (vishing) skyrocketed 442% between the first and second half of 2024 as adversaries leaned on vishing, callback phishing, and help desk social engineering to access target networks. Generative AI played a key role in social engineering, where its low barrier to entry and powerful capabilities help adversaries create convincing content at scale. Compromised credentials also proved handy last year, helping threat actors enter and move laterally through organizations and operate as legitimate users. 
What doesn’t work as well? Malware. 79% of detections in 2024 were malware-free, indicating a rise in hands-on-keyboard activity as adversaries face stronger security defenses. 
Tune in to hear Adam and Cristian dig into the key findings of the CrowdStrike 2025 Global Threat Report, which also examines the latest on cloud-focused attacks, vulnerability exploitation, and nation-state activity around the world.

A Deep Dive into DeepSeek and the Risks of Foreign LLMs

DeepSeek took the internet by storm earlier this year, making headlines and sparking conversations about its development, use, and associated risks. Today, Adam and Cristian take a deep dive into the new AI model.
At a time when new AI models are constantly emerging, the launch of DeepSeek has led to questions and concerns around AI model security, data security, and national security. What is DeepSeek, and how was it trained? What are the risk implications of using it? Are there safe ways to explore new AI models, or should they be avoided entirely? And how worried do we need to be about data poisoning?
Tune in for the answers to these questions and more in this episode of the Adversary Universe podcast.

Putting a Spotlight on Energy Sector Threats with Corelight's Greg Bell

Cyberattacks targeting critical infrastructure have made more headlines in recent years, sparking concern about how these systems are protected. Adversaries are taking aim at older technologies that are both essential to everyday life and difficult to secure.
Our guest for this episode is Greg Bell, chief strategy officer at Corelight. Before he co-founded the network security firm, Greg spent most of his career working in the National Laboratory system, part of the U.S. Department of Energy. He brings his perspective and expertise to this conversation about energy sector threats, the adversaries behind them, and the unique challenges that utility organizations face in detecting and defending against cyberattacks.
There is a scary side to energy sector threats — but there is also an optimistic side. Adam, Cristian, and Greg discuss everything from the history of critical infrastructure threats to the attacks they’re seeing today, the complications of securing energy systems, and collaborative efforts to improve defense. Key to these efforts are partnerships like the one between CrowdStrike and Corelight, which work together to improve network threat detection and response.
Come for the comprehensive look at energy sector threats and stay for Cristian’s energy sector puns in this episode of the Adversary Universe podcast.

See You I-Soon: A Peek at China’s Offensive Cyber Operations

“It would not be an understatement to say that China is the number one national security concern that I think we have here in the West.”
China’s offensive cyber activity has undergone a massive shift: What used to be simple smash-and-grab operations in the mid-2000s have evolved into sophisticated business models. We got a lens into this environment through a leak stemming from Chinese company I-Soon, whose data provided a narrow but revealing glimpse into the Chinese cyber contractor marketplace.
I-Soon is a mid-sized contractor that has been operating since 2010. It provides state-sponsored advanced persistent threat (APT) cyber operations and tools, surveillance products and training for public security agencies, intelligence services and the military. The leak, which came from an anonymous GitHub user, included its internal documents and employee chat logs. These shed light on its products, services and customers as well as how some China-nexus adversaries are connected and sharing tools and capabilities.
Adam and Cristian take a deep dive into these findings and how Chinese offensive cyber operations reached this point. They also dig into which PANDA adversaries are connected to I-Soon, how the cyber contractor recruits talent and what we learned about its disgruntled staff. The key takeaway? Leaks like this won’t stop adversaries — and China’s cyber operations aren’t slowing down.

The Most Prolific Adversaries and Threats of 2024

It has been another busy year for defenders and adversaries alike. As we wrap up 2024, Adam and Cristian reflect on the nation-state and eCrime threat activity that defined this year and what they expect as we head into 2025.Tune in to hear their observations on changing eCrime activity in Latin America, Chinese adversaries evolving their tactics and targeting telecommunications entities, the disruption of eCrime operations in the United States and more. And of course, you’ll hear the stories and context behind how these events unfolded and how we got to where we are today.Thank you to our listeners for all your support this year. We appreciate you sharing feedback and topics you’d like to hear on the show. As we plan for 2025, we anticipate another year of in-depth conversations, adversary insight and guest perspectives on the Adversary Universe podcast. Happy holidays!

Cross-Domain Attacks: Know Them, Find Them, Stop Them

Adversaries have realized their time-honored attack methods involving clunky malware and malicious attachments are no longer working, largely due to endpoint detection and response tools alerting security teams to their activity. To improve their success rate, many are turning to cross-domain attacks.
Cross-domain attacks span multiple domains within an organization’s environment; namely, identity, endpoint and cloud. An adversary most often starts with a set of stolen credentials, which allows them to log in and operate under the guise of a legitimate employee. From there, they might target the cloud control plane to access more accounts or pivot to unmanaged devices. All the while, they move silently, achieving their goals without triggering alarms.
“The adversaries have really figured out how to operate from the shadows more effectively,” Adam says.
In this episode, he and Cristian discuss how cross-domain attacks unfold in a target environment; which adversaries are adopting this tradecraft; and how organizations can better detect, identify and mitigate these threats before it’s too late.
Watch our Cyber Threat Summit (focused on the rise of cross-domain attacks) on-demand: https://www.crowdstrike.com/resources/crowdcasts/cyber-threat-summit/

LIMINAL PANDA and the Implications of Global Telco Targeting

On Nov. 19, 2024, Adam testified in front of the U.S. Senate Judiciary Subcommittee on Privacy, Technology, and the Law on Chinese cyber threats to critical infrastructure. This was the first time he publicly spoke about LIMINAL PANDA, a China-nexus state-sponsored threat actor that has been targeting telecommunications organizations since at least 2020.
LIMINAL PANDA is a newly named adversary, but CrowdStrike has been tracking its activity for over three years. It uses custom tools and demonstrates extensive knowledge of telco networks, including the connections between providers. And it's not alone: There are multiple adversaries targeting telcos, with good reason — the access they grant, and the data they possess, is a gold mine for threat actors.
But LIMINAL PANDA’s activity does more than showcase why critical infrastructure is a valuable target. It also represents how Chinese cyber activity has evolved since the mid-2000s, when it mostly involved “smash and grab” operations. Now, China has refined its espionage operations to conduct subtle and advanced attacks targeting critical infrastructure entities around the world.
In this episode, Adam and Cristian dig deep into the discovery of LIMINAL PANDA, the maturation of Chinese cyber operations and the scary consequences of telco-focused cyberattacks. Adam shares more about his congressional testimony and the value of keeping government officials informed on adversary activity. Come for Adam and Cristian’s Thanksgiving recipes, and stay for a deep-dive on this evolving nation-state threat, in this episode of the Adversary Universe podcast.
Read Adam's testimony here: https://www.judiciary.senate.gov/committee-activity/hearings/big-hacks-and-big-tech-chinas-cybersecurity-threat

Exploring Offensive Security with CrowdStrike Red Teamers

If a business wants to know what an adversary might be capable of, they can seek the help of a red team. These cybersecurity professionals are tasked with emulating adversary activity to achieve specific objectives in their clients’ environments. Their goal is to find an organization’s weaknesses — before a real adversary does — so it can strengthen its security posture. But what does a red team actually do, and who are the people on these teams?
In this episode, Cristian is joined by CrowdStrike Director of Professional Services Vincent Uguccioni and Professional Services Principal Consultant Brent Harrell to dive into all things red teaming. Both seasoned experts with fascinating backgrounds, Vincent and Brent define what red teaming is (and what it isn’t), explain how it has evolved, debunk common misconceptions about what red teamers do and explain the value of the many different skills the members of a red team have.
The goal of the red team is to help, not hurt. Red teamers may need to think like an adversary when they’re navigating a client environment, but their broader strategy involves collaborating with the client and blue team to guide remediation and improve the client's security. Vincent and Brent also walk us through the process of a red team engagement, from initial client discussions to final reporting, and share how they adjust their approaches as adversary techniques evolve. And if you’re interested in becoming a red teamer, they share some guidance for that as well.
On a related note, we recently introduced CrowdStrike AI Red Team Services. Read our blog for more details: https://www.crowdstrike.com/en-us/blog/crowdstrike-launches-ai-red-team-services/

The Latest in China-Taiwan Cyber Tensions

China and Taiwan have a long history of geopolitical tension that has evolved from land and sea to cyberspace. Relations between the two recently took an interesting turn when the Chinese Ministry of State Security (MSS) claimed hacktivist entity Anonymous 64 targeted China and its territories with attempted disinformation and public communication disruption. The Chinese government further alleged the activity was directed by the Taiwanese government, whose officials are investigating the activity and expressed the claims are false.
These allegations mark an interesting shift in the relations between China and Taiwan. In this episode, Adam and Cristian start with a 50,000-foot view of their nuanced, tense history. They define and discuss the organizations involved in these events and the details of their claims, and they share what we know about Anonymous 64. Why is this news significant? What are the geopolitical implications? And where have we seen similar activity in other regions?
It is important to note that CrowdStrike has not independently verified the Chinese government’s accusations. Tune in to hear more about a story that blends politics, military strategy and digital warfare.

How CrowdStrike Tracked INDRIK SPIDER from Origin to Takedown

On Oct. 1, 2024, an international law enforcement coalition announced the disruption of a senior member of INDRIK SPIDER, who was also an affiliate of the BITWISE SPIDER ransomware as a service operation. CrowdStrike often works with law enforcement to identify, track and stop cyber threats, and we played a key role in this operation.
In this episode, Adam and Cristian are joined by a member of CrowdStrike’s intelligence collection team to dive into the takedown, the years of cybercrime evolution that led to it and how CrowdStrike collects the intel that informs organizations and aids law enforcement activity. Their conversation takes us back to the early days of INDRIK SPIDER and traces the emergence and transformation of enterprise malware as it relates to this prolific threat actor. The story underscores how adversaries operate like businesses — and why they’re so hard to bring down.
Tune in to learn the background and significance of INDRIK SPIDER and its takedown, its connections to Russian intelligence, the techniques used to investigate and attribute adversaries, what this means for the future of law enforcement against cybercrime and where cheese-covered sushi fits into the picture.