The threats are getting bolder, faster, and harder to detect. The M-Trends 2025 report offers a rare peek into the real-world tactics threat actors are using today—from stolen credentials and ransomware kits to phishing variants that go far beyond email. Based on firsthand investigations across 73 countries and every major industry, this report sheds light on which threat techniques are working, why organizations are still falling for them, and what strategies actually help stop breaches before they escalate.