Silver Fox APT Blurs the Line Between Espionage & Cybercrime

This report profiles Silver Fox, a Chinese-linked threat actor that blends state-aligned espionage with financially motivated cybercrime: initial access via phishing and trojanized apps, follow-on deployment of RATs (ValleyRAT, Winos 4.0, Gh0stCringe/HoldingHands), keyloggers, and cryptominers, and targeting of critical infrastructure, government, and various commercial sectors primarily in Taiwan with activity also in Japan and North America.