The cybersecurity firm Sygnia, which intervened in late 2023, is monitoring this group's activities under the name "Velvet Ant." Sygnia described Velvet Ant as having strong capabilities to adapt quickly and alter their tactics in response to repeated removal attempts.
“Velvet Ant is a sophisticated and innovative threat actor,” the Israeli company detailed in a technical report shared with The Hacker News. “They gathered sensitive customer and financial data over an extended period.”
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