February 2023’s Most Wanted Malware: Remcos Trojan Linked to Cyberespionage Operations Against Ukrainian Government

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Check Point Software Technologies INC
Check Point Software Technologies INC

Researchers report that Remcos Trojan was used by threat actors to target Ukrainian government entities through phishing attacks as part of wider cyberespionage operations. Meanwhile Formbook and Emotet returned to the top three most prevalent malware families, and Education/Research remained the most targeted industry

SAN CARLOS, Calif., March 09, 2023 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cybersecurity solutions globally, has published its Global Threat Index for February 2023. Last month saw the Remcos Trojan return to the top ten list for the first time since December 2022 after it was reported being used by threat actors to target Ukranian government entities through phishing attacks. Meanwhile, Emotet Trojan and Formbook Infostealer climbed the ranking taking second and third place respectively, while Education/Research remained the most targeted industry.

Despite researchers identifying a 44% decrease in the average number of weekly attacks per organization between October 2022 and February 2023, Ukraine remains a popular target for cybercriminals, following the Russian invasion. In the most recent campaign, attackers impersonated Ukrtelecom JSC in a mass email distribution, using a malicious RAR attachment to spread the Remcos Trojan, which has returned to the top malware list for the first time since October 2022. Once installed, the tool opens a backdoor on the compromised system, allowing full access to the remote user for activities such as data exfiltration and command execution. The ongoing attacks are believed to be linked to cyberespionage operations due to the behavior patterns and offensive capabilities of the incidents.

“While there has been a decrease in the number of politically motivated attacks on Ukraine, they remain a battleground for cybercriminals. Hacktivism has typically been high on the agenda for threat actors since the Russo-Ukrainian war began and most have favored disruptive attack methods such as DDoS to garner the most publicity. However, the latest campaign used a more traditional route of attack, using phishing scams to obtain user information and extract data. It’s important that all organizations and government bodies follow safe security practices when receiving and opening emails. Do not download attachments without scanning the properties first. Avoid clicking on links within the body of the email and check the sender address for any abnormalities such as additional characters or misspellings,” said Maya Horowitz, VP Research at Check Point Software.