Cybersecurity researchers have tied a fresh round of cyber attacks targeting financial services to the notorious cybercrime group known as Scattered Spider, casting doubt on their claims of going "dark."

Threat intelligence firm ReliaQuest said it has observed indications that the threat actor has shifted their focus to the financial sector. This is supported by an increase in lookalike domains potentially linked to the group that are geared towards the industry vertical, as well as a recently identified targeted intrusion against an unnamed U.S. banking organization.

"Scattered Spider gained initial access by socially engineering an executive's account and resetting their password via Azure Active Directory Self-Service Password Management," the company said.

"From there, they accessed sensitive IT and security documents, moved laterally through the Citrix environment and VPN, and compromised VMware ESXi infrastructure to dump credentials and further infiltrate the network."