Cloudflared is provided by CloudFlare which is a cyber security company. This tool works in a similar fashion to others and allows insiders as well as threat actors for data exfiltration.
This will generate tunnels link. However, a local server on the same port is required to exfiltrate the data.
cloudflared.exe tunnel --url <IP>:<PORT>
By hosting a local server running a Phishing Website it is possible to expose it via CloudFlare URLs/Domains.
cloudflared.exe tunnel --url <IP>:<PORT>
By simply hosting malicious binaries/payloads, it is possible to expose them via CloudFlare domains.
cloudflared.exe tunnel --url <IP>:<PORT>