Ransomware is up. Credential leaks are rising quickly. Malware is diversifying. This year’s report drills into how cybercriminals are evolving—and what defenders must do to keep up. We analyzed millions of endpoints, credentials, and forums to expose the realities of the cyber underground in 2024. This isn’t theory—it’s what’s actually happening right now.
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State of the Underground 2025
About Bitsight TRACE
The Bitsight TRACE team, composed of experienced cybersecurity researchers and analysts, transforms complex cyber signals into clear, actionable insights. Their mission is to uncover and communicate the most critical information from Bitsight's data, enabling cybersecurity leaders to make confident decisions in a complex world.
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Bitsight research reviews 2025 internet exposure across 15 ICS and OT protocols, showing why risk remains high even as overall counts stabilize.