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 multiple critical heuristics. These macros are designed to reassemble and execute a command-line payload. Specifically, the reassembled command is 'regsvr32 -s', which is typically used to download and execute a second-stage payload from a remote source, indicating a downloader or droppper 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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