MALICIOUS
180
Risk Score
Malware Insights
MITRE ATT&CK
T1059.005 Visual Basic
T1203 Exploitation for Client Execution
The file contains Excel 4.0 macros, identified by critical heuristics indicating disguised relationships and reassembled payloads. The macros are designed to execute 'regsvr32 -s ', which is commonly used to download and execute a second-stage payload from a remote source. This indicates a downloader or dropper functionality.
Heuristics 3
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Excel 4.0 macro sheet (1 sheet(s)) critical OOXML_XLM_MACROSHEETSpreadsheet contains an Excel 4.0 (XLM) macro sheet — XLM was a major Office malware vector during 2020-2022 and evaded many VBA-focused controls before Microsoft tightened XLM defaults. Even legitimate XLM use is rare in modern workbooks. The macro sheet is stored as XLSB/BIFF12 binary content, which many XML-only OOXML scanners miss.
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Excel 4.0 macro sheet stored under disguised package path critical OOXML_XLM_DISGUISED_RELATIONSHIPOOXML package declares an xlMacrosheet relationship whose target is outside the canonical xl/macrosheets/ path. Excel follows the relationship type, while path-only scanners can miss the macro execution surface.
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XLM payload reassembled from CHAR()/split formulas critical OOXML_XLM_REASSEMBLED_PAYLOADAn Excel 4.0 macro sheet builds its payload inside the formula token stream by concatenating per-character CHAR() calls and string fragments, so no WinAPI name, shell command, or URL is ever contiguous in the .bin for a literal-bytes scan to find. Reassembling the formulas recovered download/execute API names, LOLBin commands (regsvr32/rundll32/mshta/wmic/powershell), or a payload URL — the de-obfuscated download-and-run kill chain.
Extracted artifacts 1
Files carved from inside the sample during analysis.
| Filename | Kind | Source | Size |
|---|---|---|---|
xlm_sheet_00.bin3fd2c5ac9f1339b006d4b8558a66e92632e93690860205c61803635b864cb6a6 |
xlm-macrosheet | OOXML XLM macro sheet: xl/xls/sheet1.bin | 1007414 bytes |
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