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Introduction

Ransomware attacks continue to evolve at an alarming pace, affecting organizations of all sizes across industries. Cybercriminals are no longer relying on simple encryp...


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Contents Introduction Key Targets Industries Affected Geographical focus Infection Chain Initial Findings Looking into the Decoy Document Technical Analysis Stage 1 – Initial Delivery Path A: LNK-Based Execution Path B: Executable-Based Delivery Stage 2 – Script-Based Dropper Chain Stage 3 – RUSTCLOAK (Rust Loader) Stage 4 – AZUREVEIL (Adaptix C2 Agen...

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Authors: Dixit Panchal & Vaibhav Krushna Billade

Table of Contents: Introduction: Key Targets: Infection Chain: Initial Findings about Campaign: Analysis of Decoy: Technical Analysis: Stage 1: Analysis of LNK File. Stage 2: Analysis of HTA/JavaScript Payload Stage 3: Analysis of Stage-1 Loader DLL Stage 4: Analysis of Stage-2 Loader...

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Ransomware attacks have evolved into one of the most disruptive cyber threats facing businesses today. From healthcare institutions and manufacturing units to government agencies and small businesses, no organization is immune. Cybercriminals encrypt critical systems and demand payment to restore access, often causing severe operational downtime, financial losses, and reputat...


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Table of Contents: Introduction: Key Targets: Infection Chain: Initial Findings about Campaign: Analysis of Decoys & Spear phishing Email: Technical Analysis: Stage1: Analysis of LNK File. Stage2: Analysis of VBS. Stage3: DLL Side Loading. Infrastructural Artefacts & Threat actor Attributions. Conclusion: Operation DRAGON WHISTLE? Seqrite Coverage...

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