June 3, 2020 By David Bisson 2 min read

Security researchers discovered a new Ursnif malware delivery campaign leveraging Excel 4.0 macro functionality.

In an analysis of one Ursnif delivery campaign dating back to January, Morphisec discovered that many of the malicious files leveraged .xlsm as their extension. They also had “3” as their detection score, a rating that is too low to have static heuristic-based approaches label the files as suspicious. That caused many detection-based solutions to miss the files.

Once opened, the files leveraged text to ask that users enable editing and content. This technique helped the files to evade OCR heuristic detection methods more effectively than if the files had used an image to issue the same request.

Enabling the content activated a defining ability of Excel 4.0: the use of macro worksheets to deploy XLM macros. In this case, the heavily obfuscated sheet was hidden and leveraged several “RUN” commands before ending with some “CALL” and “EXEC” instructions. Those instructions ordered the Excel 4.0 macros to download Ursnif/Gozi via the Win32 API function.

Other Attacks Involving Ursnif

Security researchers have detected several other Ursnif campaigns over the past year. Back in August 2019, for instance, Fortinet spotted a new campaign that used Microsoft Word documents to spread a new variant of the malware.

In January 2020, the SANS Internet Storm Center picked up on a malspam campaign that preyed on German users with password-protected ZIP archives carrying the threat. Most recently in April 2020, Zscaler observed an attack campaign that embraced mshta instead of PowerShell for its second-stage payload before ultimately delivering Gozi.

Defend Against Malicious Macros

Security professionals can help defend against malicious macros by implementing logging and reviewing logs for suspicious activity that could be indicative of a malware infection. Companies should also invest in ongoing security awareness training so that employees will be less inclined to open email attachments carrying malicious macros.

More from

Hive0137 and AI-supplemented malware distribution

12 min read - IBM X-Force tracks dozens of threat actor groups. One group in particular, tracked by X-Force as Hive0137, has been a highly active malware distributor since at least October 2023. Nominated by X-Force as having the “Most Complex Infection Chain” in a campaign in 2023, Hive0137 campaigns deliver DarkGate, NetSupport, T34-Loader and Pikabot malware payloads, some of which are likely used for initial access in ransomware attacks. The crypters used in the infection chains also suggest a close relationship with former…

Unveiling the latest banking trojan threats in LATAM

9 min read - This post was made possible through the research contributions of Amir Gendler.In our most recent research in the Latin American (LATAM) region, we at IBM Security Lab have observed a surge in campaigns linked with malicious Chrome extensions. These campaigns primarily target Latin America, with a particular emphasis on its financial institutions.In this blog post, we’ll shed light on the group responsible for disseminating this campaign. We’ll delve into the method of web injects and Man in the Browser, and…

Crisis communication: What NOT to do

4 min read - Read the 1st blog in this series, Cybersecurity crisis communication: What to doWhen an organization experiences a cyberattack, tensions are high, customers are concerned and the business is typically not operating at full capacity. Every move you make at this point makes a difference to your company’s future, and even a seemingly small mistake can cause permanent reputational damage.Because of the stress and many moving parts that are involved, businesses often fall short when it comes to communication in a crisis.…

Topic updates

Get email updates and stay ahead of the latest threats to the security landscape, thought leadership and research.
Subscribe today