What is an infostealer and why does it matter so much?
Short answer: an infostealer is a lightweight piece of malware whose only purpose is to siphon credentials (browser-saved passwords, session cookies, authentication tokens, crypto wallets) and then disappear. The stolen data is sold to initial access brokers, who resell it to ransomware groups. Ransomware deployment often follows within 48 hours.
Infostealers are not spectacular. They encrypt nothing, display no ransom note, disrupt nothing for the user. An infection typically lasts a few minutes, just long enough to exfiltrate a data package, then the process exits. That is exactly what makes it dangerous: nothing alerts the victim.
The volume is industrial. 2026 analyses count hundreds of millions of credentials and billions of session cookies recovered from underground sources over the previous year alone, originating from millions of distinct infections. A single infection exposes roughly fifty credentials on average : for a work device, that means VPN, email, CRM and cloud console access.
The uncomfortable number: 40% of infections on protected endpoints
Roughly 40% of infostealer infections are observed on endpoints that were running EDR or antivirus. That figure deserves a careful reading: it does not mean EDR is useless, it means endpoint protection does not protect identity.
Three reasons explain the bypasses:
Speed : exfiltration completes in minutes, often before behavioural detection has accumulated enough signal
Unmanaged channels : infection frequently occurs on a personal device used for work access, outside the EDR perimeter
Abuse of legitimate tooling : modern strains lean on signed binaries and normal operating system processes
The real issue: session cookies bypass MFA
Many organizations assume multi-factor authentication neutralizes a stolen password. That is true for the password alone. It is not true for the session cookie.
A session cookie is proof, already validated, that authentication succeeded. An attacker who imports it into their own browser lands inside the session, with no password and no second factor. No sign-in alert, no MFA challenge : as far as the system is concerned, you simply kept browsing.
This is why responding to an infostealer infection cannot stop at a password reset. Sessions must be invalidated.
The full chain, from endpoint to ransomware
Infection : via malicious advertising, a fake installer, cracked software, an attachment or a booby-trapped browser extension
Exfiltration : passwords, cookies, tokens, history and machine fingerprint go to a command server
Resale : bundles are listed on underground marketplaces, with average prices ranging from a few hundred to a few thousand US dollars depending on access quality
Validation : an initial access broker verifies the access works and documents it: VPN, company size, sector, estimated revenue
Deployment : a ransomware affiliate buys the access, escalates privileges, exfiltrates and encrypts
This chain explains something important for incident response: when ransomware fires, the initial compromise may be months old and may have originated on a device the organization does not even own.
Seven controls that actually break the chain
Revoke sessions, not just passwords: build global token invalidation into your standard response procedure
Shorten session lifetimes on sensitive applications and require re-authentication for critical actions
Bind sessions to devices: condition access on a managed, compliant device, which renders a stolen cookie useless elsewhere
Ban browser-saved passwords in favour of an enterprise password manager, and govern which extensions can be installed
Monitor credential leaks for your domain in underground sources, with a documented response procedure
Move to phishing-resistant MFA (FIDO2, hardware keys, passkeys) for privileged accounts
Treat personal devices as hostile: agentless, segmented access, never long-lived persistent sessions
What we see in forensics
In our incident response files the pattern repeats: the organization has decent EDR, broadly deployed MFA, working backups. The attacker entered through an out-of-perimeter device (a contractor's personal laptop, an employee's home machine) with a valid session cookie and an inherited VPN session. None of those steps raised an alert, because none of them was technically abnormal.
The operational lesson is simple: the perimeter to defend is no longer the endpoint, it is the identity and the session.
Conclusion
Infostealers have become the fuel of the initial access market, and therefore the first step in most ransomware incidents we handle in Canada. Defending against them requires moving controls toward identity: session lifetimes, device binding, fast revocation, phishing-resistant MFA and leak monitoring. ITCS Group runs identity exposure assessments, session-theft-focused penetration tests and 24/7 incident response. Contact us to find out what is already circulating on your credentials.
Sources
SpyCloud : 2026 Identity Exposure Report
Flare : 2026 State of Enterprise Infostealer Identity Exposure
CYFIRMA research : convergence of infostealers and ransomware
ITCS Group incident response engagements : 2025-2026