The Cofense Intelligence鈩�锔� team, through analyzing millions of emails and malware samples, has observed a rise in credential phishing and malware campaigns in Q3 2023, with a nearly 45% increase in credential phishing from the previous quarter. This report provides insights into emerging threats, including a resurgence of certain malware families, a rise in QR Codes embedded in images and PDFs, and the continued prevalence of PDFs as the most popular phishing email attachment.