Overview: Check Point researchers have identified a new phishing campaign that exploits Microsoft’s “Dynamics 365 Customer Voice,” a customer relationship
Overview:

Check Point researchers have identified a new phishing campaign that exploits Microsoft’s “Dynamics 365 Customer Voice,” a customer relationship management software product. It’s often used to record customer calls, monitor customer reviews, share surveys and track feedback.

Microsoft 365 is used by over 2 million organizations worldwide. At least 500,000 organizations use Dynamics 365 Customer Voice, including 97% of Fortune 500 companies.

In this campaign, cyber criminals send business files and invoices from compromised accounts, and include fake Dynamics 365 Customer Voice links. The email configuration looks legitimate and easily tricks email recipients into taking the bait.

As part of this campaign, cyber criminals have deployed over 3,370 emails, with content reaching employees of over 350 organizations, the majority of which are American. More than a million different mailboxes were targeted.

Affected entities include well-established community betterment groups, colleges and universities, news outlets, a prominent health information group, and organizations that promote arts and culture, among others.

Key Findings The number of publicly-mentioned and extorted victims in Q1 reached the highest ever number, with a 126% increase year-over-year. Cl0p

• CVE-2025-24054 is a vulnerability related to NTLM hash disclosure via spoofing, which can be exploited using a maliciously crafted .library-ms file. Active exploitation in the wild has been observed since March 19, 2025, potentially allowing attackers to leak NTLM hashes or user passwords and compromise systems. Although Microsoft released a patch on March 11, 2025, threat actors already had over a week to develop and deploy exploits before the vulnerability began to be actively abused.
• Around March 20–21, 2025, a campaign targeted government and private institutions in Poland and Romania. Attackers used malspam to distribute a Dropbox link containing an archive that exploited multiple known vulnerabilities, including CVE-2025-24054, to harvest NTLMv2-SSP hashes.
• Initial reports suggested that exploitation occurred once the .library-ms file was unzipped. However, Microsoft’s patch documentation indicated that the vulnerability could even be triggered with minimal user interaction, such as right-clicking, dragging and dropping, or simply navigating to the folder containing the malicious file. This exploit appears to be a variant of a previously patched vulnerability, CVE-2024-43451, as both share several similarities.

• VanHelsingRaaS is a new and rapidly growing ransomware-as-a-service (RaaS) affiliate program launched on March 7, 2025. The RaaS model allows a wide range of participants, from experienced hackers to newcomers, to get involved with a $5,000 deposit. Affiliates keep 80% of the ransom payments, while the core operators earn 20%. The only rule is not to target the Commonwealth of Independent States (CIS).
• Check Point Research discovered two VanHelsing ransomware variants targeting Windows, but as the RaaS mentions in its advertisement, it provides more offerings “targeting Linux, BSD, ARM, and ESXi systems”. The program provides an intuitive control panel that simplifies operating ransomware attacks. Check Point Research obtained two variants of the VanHelsing Ransomware, compiled just five days apart. The newest variant shows significant updates, highlighting the fast-paced evolution of this ransomware.
• In less than two weeks since its introduction to the cybercrime community, this ransomware operation has already infected three known victims, demanding large ransom payments for decryption and the deletion of stolen data. During negotiations, they demanded $500,000 to be paid to a specified Bitcoin wallet.

Since September, Check Point Research has been monitoring a new version of the Banshee macOS stealer, a malware linked to Russian-speaking cyber criminals targeting macOS users.
This new version had been undetected for over two months until the original version of Banshee Stealer was leaked on XSS forums, which resembled similarities with the malware’s core functionality.
One notable difference between the leaked source code and the version discovered by Check Point Research is the use of a string encryption algorithm. This algorithm is the same as Apple uses in its Xprotect antivirus engine for MacOS.
One method of distributing Banshee Stealer involved malicious GitHub repositories, targeting Windows users with Lumma Stealer and macOS users with Banshee Stealer.
Banshee operated as a ‘stealer-as-a-service’, priced at $3,000, and was advertised through Telegram and forums such as XSS and Exploit. On November 23, 2024, the malware’s source code was leaked, leading the author to shut down the operations the following day.
Despite shutting down the operation, threat actors continue to distribute the new version of Banshee via phishing websites.

Executive Summary: Since September, Check Point Research (CPR) has been monitoring a new version of the Banshee macOS Stealer, a malware that steals

• The FunkSec ransomware group emerged in late 2024 and published over 85 victims in December, surpassing every other ransomware group that month.
• FunkSec operators appear to use AI-assisted malware development which can enable even inexperienced actors to quickly produce and refine advanced tools.
• The group’s activities straddle the line between hacktivism and cybercrime, complicating efforts to understand their true motivations.
• Many of the group’s leaked datasets are recycled from previous hacktivism campaigns, raising doubts about the authenticity of their disclosures.
• Current methods of assessing ransomware group threats often rely on the actors’ own claims, highlighting the need for more objective evaluation techniques.

Google Calendar is a tool for organizing schedules and managing time, designed to assist individuals and businesses in planning their days efficiently.

• Check Point Research discovered a new technique taking advantage of Godot Engine, a popular open-source game engine, to execute crafted GDScript, code which triggers malicious commands and delivers malware. The technique remains undetected by almost all antivirus engines in VirusTotal.
• Check Point identified GodLoader, a loader that employs this new technique. The threat actor behind this malware has been utilizing it since June 29, 2024, infecting over 17,000 machines
• The malicious GodLoader is distributed by the Stargazers Ghost Network, a GitHub network that distributes malware as a service. Throughout September and October, approximately 200 repositories and over 225 Stargazers were used to legitimize the repositories distributing the malware.
• This new technique allows threat actors to target and infect devices across multiple platforms, such as Windows, macOS, Linux, Android, and iOS.
• Check Point Research demonstrates how this multi-platform technique can successfully drop payloads in Linux and MacOS.
• A potential attack can target over 1.2 million users of Godot-developed games. These scenarios involve taking advantage of legitimate Godot executables to load malicious scripts in the form of mods or other downloadable content.

• Check Point Research is tracking an ongoing, large scale and sophisticated phishing campaign deploying the newest version of the Rhadamanthys stealer (0.7). We dubbed this campaign CopyRh(ight)adamantys.
• This campaign utilizes a copyright infringement theme to target various regions, including the United States, Europe, East Asia, and South America.
• The campaign impersonates dozens of companies, while each email is sent to a specific targeted entity from a different Gmail account, adapting the impersonated company and the language per targeted entity. Almost 70% of the impersonated companies are from Entertainment /Media and Technology/Software sectors.
• Analysis of the lures and targets in this campaign suggests the threat actor uses automation for lures distribution. Due to the scale of the campaign and the variety of the lures and sender emails, there is a possibility that the threat actor also utilized AI tools.
• One of the main updates in the Rhadamanthys stealer version according to claims by the author, is AI-powered text recognition. However, we discovered that the component introduced by Rhadamanthys does not incorporate any of the modern AI engines, but instead uses much older classic machine learning, typical for OCR software.

• Check Point Research (CPR) recently uncovered Styx Stealer, a new malware capable of stealing browser data, instant messenger sessions from Telegram and Discord, and cryptocurrency. Even though it only recently appeared, it has already been noticed in attacks, including those targeting our customers.
• The developer of Styx Stealer was found to be linked to one of Agent Tesla threat actors, Fucosreal, who was involved in a spam campaign also targeting our customers.
• During the debugging of Styx Stealer, the developer made a fatal error and leaked data from his computer, which allowed CPR to obtain a large amount of intelligence, including the number of clients, profit information, nicknames, phone numbers, and email addresses, as well as similar data about the actor behind the Agent Tesla campaign.

• Check Point Research identified a network of GitHub accounts (Stargazers Ghost Network) that distribute malware or malicious links via phishing repositories. The network consists of multiple accounts that distribute malicious links and malware and perform other actions such as starring, forking, and subscribing to malicious repositories to make them appear legitimate.
• This network is a highly sophisticated operation that acts as a Distribution as a Service (DaaS). It allows threat actors to share malicious links or malware for distribution through highly victim-oriented phishing repositories.
• Check Point Research is tracking the threat group behind this service as Stargazer Goblin. The group provides, operates, and maintains the Stargazers Ghost Network and distributes malware and links via their GitHub Ghost accounts.
• The network distributed all sorts of malware families, including Atlantida Stealer, Rhadamanthys, RisePro, Lumma Stealer, and RedLine.
• Our latest calculations suggest that more than 3,000 active Ghost accounts are part of the network. Based on core GitHub Ghost accounts, we believe that the network began development or testing on a smaller scale for the first time around August 2022.
• Check Point Research discovered an advertiser in Dark-Web forums that provides the exact GitHub operation. The first advertisement was published on July 8, 2023, from an account created the previous day.
• Based on the monitored campaigns from mid-May to mid-June 2024, we estimate that Stargazer Goblin earned approximately $8,000. However, we believe that this amount is only a small fraction of what the actor made during that period. The total amount during the operations’ lifespan is estimated to be approximately $100,000.
• Stargazers Ghost Network appears to be only one part of the grand picture, with other Ghost accounts operating on different platforms, constructing an even bigger Distribution as a Service universe.

Check Point Research recently discovered that threat actors have been using novel (or previously unknown) tricks to lure Windows users for remote code execution. Specifically, the attackers used special Windows Internet Shortcut files (.url extension name), which, when clicked, would call the retired Internet Explorer (IE) to visit the attacker-controlled URL. An additional trick on IE is used to hide the malicious .hta extension name. By opening the URL with IE instead of the modern and much more secure Chrome/Edge browser on Windows, the attacker gained significant advantages in exploiting the victim’s computer, although the computer is running the modern Windows 10/11 operating system.

Android, Google’s most popular mobile operating system, powers billions of smartphones and tablets globally. Known for its open-source nature and flexibility, Android offers users a wide array of features, customization options, and access to a vast ecosystem of applications through the Google Play Store and other sources.

However, with its widespread adoption and open environment comes the risk of malicious activity. Android malware, a malicious software designed to target Android devices, poses a significant threat to users’ privacy, security, and data integrity. These malicious programs come in various forms, including viruses, Trojans, ransomware, spyware, and adware, and they can infiltrate devices through multiple vectors, such as app downloads, malicious websites, phishing attacks, and even system vulnerabilities.

Gather round, gather round - it’s time for another blogpost tearing open an SSLVPN appliance and laying bare a recent in-the-wild exploited bug. This time, it is Check Point who is the focus of our penetrative gaze.

Check Point, for those unaware, is the vendor responsible for the 'CloudGuard Network Security' appliance, yet another device claiming to be secure and hardened. Their slogan - "you deserve the best security" - implies they are a company you can trust with the security of your network. A bold claim.

Over the past few months, we have observed increased interest of malicious groups in leveraging remote-access VPN environments as an entry point and

PDF (Portable Document Format) files have become an integral part of modern digital communication. Renowned for their universality and fidelity, PDFs offer a robust platform for sharing documents across diverse computing environments. PDFs have evolved into a standard format for presenting text, images, and multimedia content with consistent layout and formatting, irrespective of the software, hardware, or operating system used to view them. This versatility has made PDFs indispensable in fields ranging from business and academia to government and personal use, serving as a reliable means of exchanging information in a structured and accessible manner.

• Magnet Goblin is a financially motivated threat actor that quickly adopts and leverages 1-day vulnerabilities in public-facing services as an initial infection vector. At least in one case of Ivanti Connect Secure VPN (CVE-2024-21887), the exploit entered the group’s arsenal as fast as within 1 day after a POC for it was published.
• Campaigns that we were able to attribute to this actor targeted Ivanti, Magento, Qlink Sense and possibly Apache ActiveMQ.
• Analysis of the actor’s recent Ivanti Connect Secure VPN campaign revealed a novel Linux version of a malware called NerbianRAT, in addition to WARPWIRE, a JavaScript credential stealer.
• The actor’s arsenal also includes MiniNerbian, a small Linux backdoor, and remote monitoring and management (RMM) tools for Windows like ScreenConnect and AnyDesk.

Recently, Check Point Research released a white paper titled “The Obvious, the Normal, and the Advanced: A Comprehensive Analysis of Outlook Attack Vectors”, detailing various attack vectors on Outlook to help the industry understand the security risks the popular Outlook app may bring into organizations. As mentioned in the paper, we discovered an interesting security issue in Outlook when the app handles specific hyperlinks. In this blog post, we will share our research on the issue with the security community and help defend against it. We will also highlight the broader impact of this bug in other software.

• The Rhadamanthys stealer is a multi-layer malware, sold on the black market, and frequently updated. Recently the author released a new major version, 0.5.0.
• In the new version, the malware expands its stealing capabilities and also introduces some general-purpose spying functions.
• A new plugin system makes the malware expandable for specific distributor needs.
• The custom executable formats, used for modules, are unchanged since our last publication (XS1 and XS2 formats are still in distribution).
• Check Point Research (CPR) provides a comprehensive review of the agent modules, presenting their capabilities and implementation, with a focus on how the stealer components are loaded and how they work.