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February 25, 2025

Chinese APT Target Royal Thai Police in Malware Campaign

Cado Security Labs (now part of Darktrace) identified a malware campaign targeting the Royal Thai Police, attributed to Chinese APT group Mustang Panda. The campaign uses a disguised LNK file and PDF decoy to deliver the Yokai backdoor.
Inside the SOC
Darktrace cyber analysts are world-class experts in threat intelligence, threat hunting and incident response, and provide 24/7 SOC support to thousands of Darktrace customers around the globe. Inside the SOC is exclusively authored by these experts, providing analysis of cyber incidents and threat trends, based on real-world experience in the field.
Written by
Tara Gould
Malware Research Lead
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25
Feb 2025

Researchers from Cado Security Labs (now part of Darktrace) have identified a malware campaign targeting the Royal Thai Police. The campaign uses seemingly legitimate documents with FBI content to deliver a shortcut file that eventually results in Yokai backdoor being executed and persisting on the victim system. The activity observed in this campaign through this research is consistent with the Chinese APT group Mustang Panda.

Technical Analysis

The initial file is a rar archive named ด่วนมาก เชิญเข้าร่วมโครงการความร่วมมือฝึกอบรมหลักสูตร FBI.rar (English: Very urgent, please join the cooperation project to train the FBI course.rar). While the initial access is unknown, it is highly likely to have been delivered via phishing email. Inside the rar file is a LNK (shortcut) file ด่วนมาก เชิญเข้าร่วมโครงการความร่วมมือฝึกอบรมหลักสูตร FBI.docx.lnk, disguised PDF file and folder named $Recycle.bin.

The shortcut file executes ftp.exe (File Transfer Protocol), which then processes the commands inside the disguised PDF file as an FTP script. FTP scripts are automated scripts that execute a sequence of FTP commands. 

C:\\Windows\\System32\\ftp.exe -s:"แบบตอบรับ.pdf",File size: 58880 File attribute flags: 0x00000020 Drive type: 3 Drive serial number: 0x444b74c2 Volume label:  Local path: C:\\Windows\\System32\\ftp.exe cmd arguments: -s:"แบบตอบรับ.pdf" Relative path: ..\\Windows\\System32\\ftp.exe Icon location: .\\file.docx Link target: <My Computer> C:\\Windows\\System32\\C:\Windows\System32\ftp.exe 

แบบตอบรับ.pdf (english: Response form.pdf) is a fake PDF file containing Windows commands that are executed by cmd.exe. The PDF does not need to be opened by the victim, however if they do the document looks like a response form. 

A close up of a cardAI-generated content may be incorrect.

แบบตอบรับ.pdf (english: Response form.pdf)

A screen shot of a computerAI-generated content may be incorrect.

Commands embedded inside the fake PDF file

These commands move the docx file from the extracted $Recycle.bin folder to the main folder replacing the LNK with the decoy docx file. The “PDF” file in the extracted $Recycle.bin folder is moved to c:\programdata\PrnInstallerNew.exe and executed. 

Inside $Recycle.bin folder

A screenshot of a computerAI-generated content may be incorrect.

Decoy docx file ด่วนมาก เชิญเข้าร่วมโครงการความร่วมมือฝึกอบรมหลักสูตร FBI.docx (english:Very urgent, please join the cooperative training project for the FBI course.docx)

The decoy document replaces the shortcut file after it removes itself to remove traces of the infection. The document is not malicious.

File: PrnInstallerNew.exe

MD5: 571c2e8cfcd1669cc1e196a3f8200c4e

PrnInstallerNew.exe is a 32-bit executable that is a trojanized version of  PDF-XChange Driver Installer, a PDF printing software. The malware dynamically resolves calls through GetProcAddress(), storing them in a struct, to evade detection. Malware often avoids hardcoding API function names by constructing them dynamically at runtime, making detection by security tools more difficult. Instead of directly referencing functions like send(), the malware stores individual characters in an array and assembles the function name letter by letter before resolving it with GetProcAddress(). This technique helps bypass security tools, as they scan for known API names within a binary. Once the function name is constructed, it is passed to GetProcAddress(), which retrieves the function's memory address, allowing the malware to execute it indirectly without exposing API calls in their import tables. To enable persistence, the binary adds itself as a registry key “MYAccUsrSysCmd_9EBC4579851B72EE312C449C” in HKEY_CurrentUser/Software/Windows/CurrentVersion/Run; which will cause the malware to execute when the user logs in. 

Registry key added

Additionally, a mutex “MutexHelloWorldSysCmd007” is created, presumably to check for an already running instance. 

A close up of a logoAI-generated content may be incorrect.

Mutex created

After dynamically resolving ws_32.dll, the Windows library for sockets, the malware connects to the IP 154[.]90[.]47[.]77 over TCP Port 443. Using the connect(

A computer screen shot of a codeAI-generated content may be incorrect.

As observed with Yokai backdoor, the hostname is sent to the C2 which will return commands after the validation is satisfied. 

Attribution 

The targeting of the Thai police appears to have been part of a greater campaign targeting Thai officials in the last months of last year. However, targeting of the Thai government is not new as groups, such as Chinese APT groups Mustang Panda and CerenaKeeper have been targeting Thailand for years. [1]

Mustang Panda are a China based APT group who have been active since at least 2014 and tend to target governments and NGOs in Asia, Europe and the United States for espionage. Recent Mustang Pandacampaigns [2], have used similar lures against governments, with similar techniques with decoy documents and shortcut files. While not observed in this campaign, Mustang Panda frequently uses DLL Sideloading to execute malicious payloads under legitimate processes, as observed in Netskope’s research. Instead of DLL Sideloading, this version instead has trojanized a legitimate application. Interestingly one of the reported binaries by Netskope contains code overlap with WispRider, a self-propagating USB malware used by Mustang Panda.

A screenshot of a reportAI-generated content may be incorrect.

Key takeaways

The persistent targeting of Thailand by Chinese APT groups highlights the landscape of cyber espionage in Southeast Asia. As geopolitical tensions and economic competition intensify, Thailand remains a critical focal point for cyber operations aimed at intelligence gathering, political influence, and economic advantage. To mitigate these threats, organizations and government agencies must prioritize robust cybersecurity measures, threat intelligence sharing, and regional cooperation. 

IOCs

B73f59eb689214267ae2b39bd52c33c6  ด่วนมาก เชิญเข้าร่วมโครงการความร่วมมือฝึกอบรมหลักสูตร FBI.rar  

0b88f13e40218fcbc9ce6e1079d45169  ด่วนมาก เชิญเข้าร่วมโครงการความร่วมมือฝึกอบรมหลักสูตร FBI.docx   

87393d765abd8255b1d2da2d8dc2bf7f  ด่วนมาก เชิญเข้าร่วมโครงการความร่วมมือฝึกอบรมหลักสูตร FBI.docx.lnk  

571c2e8cfcd1669cc1e196a3f8200c4e  PrnInstallernew.exe  

154[.]90[.]47[.]77  C2

MITRE ATTACK

T1574.002  Hijack Execution Flow: DLL Side-Loading  

T1071.001  Application Layer Protocol: Web Protocols  

T1059.003  Command and Scripting Interpreter: Windows Command Shell  

T1547.001  Boot or Logon Autostart Execution: Registry Run Keys / Startup Folder  

T1113  File and Directory Discovery: File and Directory Discovery  

T1027  Obfuscated Files or Information  

T1036  Masquerading  

T1560.001  Archive Collected Data: Archive via Utility  

T1027.007  Dynamic API Resolution

References

[1] https://www.cyfirma.com/research/apt-profile-mustang-panda/

[2] https://medium.com/@FatzQatz/unveiling-the-mustang-panda-operation-attack-on-thai-parliament-member-ac197a1ad8fa

Inside the SOC
Darktrace cyber analysts are world-class experts in threat intelligence, threat hunting and incident response, and provide 24/7 SOC support to thousands of Darktrace customers around the globe. Inside the SOC is exclusively authored by these experts, providing analysis of cyber incidents and threat trends, based on real-world experience in the field.
Written by
Tara Gould
Malware Research Lead

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February 13, 2026

CVE-2026-1731: How Darktrace Sees the BeyondTrust Exploitation Wave Unfolding

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Note: Darktrace's Threat Research team is publishing now to help defenders. We will update continue updating this blog as our investigations unfold.

Background

On February 6, 2026, the Identity & Access Management solution BeyondTrust announced patches for a vulnerability, CVE-2026-1731, which enables unauthenticated remote code execution using specially crafted requests.  This vulnerability affects BeyondTrust Remote Support (RS) and particular older versions of Privileged Remote Access (PRA) [1].

A Proof of Concept (PoC) exploit for this vulnerability was released publicly on February 10, and open-source intelligence (OSINT) reported exploitation attempts within 24 hours [2].

Previous intrusions against Beyond Trust technology have been cited as being affiliated with nation-state attacks, including a 2024 breach targeting the U.S. Treasury Department. This incident led to subsequent emergency directives from  the Cybersecurity and Infrastructure Security Agency (CISA) and later showed attackers had chained previously unknown vulnerabilities to achieve their goals [3].

Additionally, there appears to be infrastructure overlap with React2Shell mass exploitation previously observed by Darktrace, with command-and-control (C2) domain  avg.domaininfo[.]top seen in potential post-exploitation activity for BeyondTrust, as well as in a React2Shell exploitation case involving possible EtherRAT deployment.

Darktrace Detections

Darktrace’s Threat Research team has identified highly anomalous activity across several customers that may relate to exploitation of BeyondTrust since February 10, 2026. Observed activities include:

-              Outbound connections and DNS requests for endpoints associated with Out-of-Band Application Security Testing; these services are commonly abused by threat actors for exploit validation.  Associated Darktrace models include:

o    Compromise / Possible Tunnelling to Bin Services

-              Suspicious executable file downloads. Associated Darktrace models include:

o    Anomalous File / EXE from Rare External Location

-              Outbound beaconing to rare domains. Associated Darktrace models include:

o   Compromise / Agent Beacon (Medium Period)

o   Compromise / Agent Beacon (Long Period)

o   Compromise / Sustained TCP Beaconing Activity To Rare Endpoint

o   Compromise / Beacon to Young Endpoint

o   Anomalous Server Activity / Rare External from Server

o   Compromise / SSL Beaconing to Rare Destination

-              Unusual cryptocurrency mining activity. Associated Darktrace models include:

o   Compromise / Monero Mining

o   Compromise / High Priority Crypto Currency Mining

And model alerts for:

o    Compromise / Rare Domain Pointing to Internal IP

IT Defenders: As part of best practices, we highly recommend employing an automated containment solution in your environment. For Darktrace customers, please ensure that Autonomous Response is configured correctly. More guidance regarding this activity and suggested actions can be found in the Darktrace Customer Portal.  

Appendices

Potential indicators of post-exploitation behavior:

·      217.76.57[.]78 – IP address - Likely C2 server

·      hXXp://217.76.57[.]78:8009/index.js - URL -  Likely payload

·      b6a15e1f2f3e1f651a5ad4a18ce39d411d385ac7  - SHA1 - Likely payload

·      195.154.119[.]194 – IP address – Likely C2 server

·      hXXp://195.154.119[.]194/index.js - URL – Likely payload

·      avg.domaininfo[.]top – Hostname – Likely C2 server

·      104.234.174[.]5 – IP address - Possible C2 server

·      35da45aeca4701764eb49185b11ef23432f7162a – SHA1 – Possible payload

·      hXXp://134.122.13[.]34:8979/c - URL – Possible payload

·      134.122.13[.]34 – IP address – Possible C2 server

·      28df16894a6732919c650cc5a3de94e434a81d80 - SHA1 - Possible payload

References:

1.        https://nvd.nist.gov/vuln/detail/CVE-2026-1731

2.        https://www.securityweek.com/beyondtrust-vulnerability-targeted-by-hackers-within-24-hours-of-poc-release/

3.        https://www.rapid7.com/blog/post/etr-cve-2026-1731-critical-unauthenticated-remote-code-execution-rce-beyondtrust-remote-support-rs-privileged-remote-access-pra/

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Emma Foulger
Global Threat Research Operations Lead

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February 13, 2026

How AI is redefining cybersecurity and the role of today’s CIO

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Why AI is essential to modern security

As attackers use automation and AI to outpace traditional tools and people, our approach to cybersecurity must fundamentally change. That’s why one of my first priorities as Withum's CIO was to elevate cybersecurity from a technical function to a business enabler.

What used to be “IT’s problem” is now a boardroom conversation – and for good reason. Protecting our data, our people, and our clients directly impacts revenue, reputation and competitive positioning.  

As CIOs / CISOs, our responsibilities aren’t just keeping systems running, but enabling trust, protecting our organization's reputation, and giving the business confidence to move forward even as the digital world becomes less predictable. To pull that off, we need to know the business inside-out, understand risk, and anticipate what's coming next. That's where AI becomes essential.

Staying ahead when you’re a natural target

With more than 3,100 team members and over 1,000 CPAs (Certified Public Accountant), Withum’s operates in an industry that naturally attracts attention from attackers. Firms like ours handle highly sensitive financial and personal information, which puts us squarely in the crosshairs for sophisticated phishing, ransomware, and cloud-based attacks.

We’ve built our security program around resilience, visibility, and scale. By using Darktrace’s AI-powered platform, we can defend against both known and unknown threats, across email and network, without slowing our teams down.

Our focus is always on what we’re protecting: our clients’ information, our intellectual property, and the reputation of the firm. With Darktrace, we’re not just keeping up with the massive volume of AI-powered attacks coming our way, we’re staying ahead. The platform defends our digital ecosystem around the clock, detecting potential threats across petabytes of data and autonomously investigating and responding to tens of thousands of incidents every year.

Catching what traditional tools miss

Beyond the sheer scale of attacks, Darktrace ActiveAI Security PlatformTM is critical for identifying threats that matter to our business. Today’s attackers don’t use generic techniques. They leverage automation and AI to craft highly targeted attacks – impersonating trusted colleagues, mimicking legitimate websites, and weaving in real-world details that make their messages look completely authentic.

The platform, covering our network, endpoints, inboxes, cloud and more is so effective because it continuously learns what’s normal for our business: how our users typically behave, the business- and industry-specific language we use, how systems communicate, and how cloud resources are accessed. It picks up on minute details that would sail right past traditional tools and even highly trained security professionals.

Freeing up our team to do what matters

On average, Darktrace autonomously investigates 88% of all our security events, using AI to connect the dots across email, network, and cloud activity to figure out what matters. That shift has changed how our team works. Instead of spending hours sorting through alerts, we can focus on proactive efforts that actually strengthen our security posture.

For example, we saved 1,850 hours on investigating security issues over a ten-day period. We’ve reinvested the time saved into strengthening policies, refining controls, and supporting broader business initiatives, rather than spending endless hours manually piecing together alerts.

Real confidence, real results

The impact of our AI-driven approach goes well beyond threat detection. Today, we operate from a position of confidence, knowing that threats are identified early, investigated automatically, and communicated clearly across our organization.

That confidence was tested when we withstood a major ransomware attack by a well-known threat group. Not only were we able to contain the incident, but we were able to trace attacker activity and provided evidence to law enforcement. That was an exhilarating experience! My team did an outstanding job, and moments like that reinforce exactly why we invest in the right technology and the right people.

Internally, this capability has strengthened trust at the executive level. We share security reporting regularly with leadership, translating technical activity into business-relevant insights. That transparency reinforces cybersecurity as a shared responsibility, one that directly supports growth, continuity, and reputation.

Culturally, we’ve embedded security awareness into daily operations through mandatory monthly training, executive communication, and real-world industry examples that keep cybersecurity top of mind for every employee.

The only headlines we want are positive ones: Withum expanding services, Withum growing year over year. Security plays a huge role in making sure that’s the story we get to tell.

What’s next

Looking ahead, we’re expanding our use of Darktrace, including new cloud capabilities that extend AI-driven visibility and investigation into our AWS and Azure environments.

As I continue shaping our security team, I look for people with passion, curiosity, and a genuine drive to solve problems. Those qualities matter just as much as formal credentials in my view. Combined with AI, these attributes help us build a resilient, engaged security function with low turnover and high impact.

For fellow technology leaders, my advice is simple: be forward-thinking and embrace change. We must understand the business, the threat landscape, and how technology enables both. By augmenting human expertise rather than replacing it, AI allows us to move upstream by anticipating risk, advising the business, and fostering stronger collaboration across teams.

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