Rewterz Threat Update – International Law Enforcement Operation Disrupts LockBit Ransomware

Severity

High

Analysis Summary

FormBook is an infostealer malware that was first identified in 2016. It tracks and monitors keystrokes, finds and accesses files, takes screenshots, harvests passwords from various browsers, drops files, and downloads, and executes stealthier malware in response to orders from a command-and-control server (C2). 

Formbook is known for its versatility, as it can be customized to target specific systems or applications. It is also designed to evade detection by security software, using techniques such as code obfuscation and encryption.

It disguises its original payload and injects itself into legitimate processes to avoid detection and complicate the removal process. The cybercriminals behind these email campaigns used a variety of distribution techniques to deliver this malware, including PDFs, Office Documents, ZIP, RAR, etc. This malware was used by cyber threat actors to attack Ukrainian targets in 2022 during the conflict between Russia and Ukraine. Currently, it is believed that the virus known as XLoader is Formbook’s successor.

To protect against Formbook and other malware, it is important to keep software up-to-date, use strong passwords, and be cautious when downloading software or opening email attachments. Antivirus and anti-malware software can also help detect and remove Formbook infections.