MALICIOUS
270
Risk Score
Malware Insights
MITRE ATT&CK
T1059.005 Visual Basic
T1059.001 PowerShell
T1204.002 Malicious File
T1105 Ingress Tool Transfer
This XLSM file contains Excel 4.0 macros that leverage the `URLDownloadToFileA` function to download a second-stage payload. The use of `RETURN()` in the XLM macro sheet and the presence of VBA code indicate a multi-stage infection process. The document body appears to be obfuscated or encrypted, preventing a direct analysis of its lure, but the macro behavior is clear.
Heuristics 7
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URLDownloadToFile in VBA critical OLE_VBA_DOWNLOADURLDownloadToFile in VBA
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VBA ActiveX event runs worksheet-decoded XLM formulas critical OLE_VBA_ACTIVEX_XLM_CELL_STAGERVBA code attached to an ActiveX/UserForm event reconstructs formula text from worksheet constants using Split/Replace/Mid or character shifting, then executes it through ExecuteExcel4Macro or Run. This is a high-confidence malware stager that hides XLM formula execution in sheet cells; it is not a document-parser CVE.
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Excel 4.0 macro sheet (2 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.
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Dangerous XLM formula APIs: RETURN critical OOXML_XLM_DANGEROUS_FNExcel 4.0 macro sheet uses formula APIs that call directly into Win32 (=CALL/=EXEC/=REGISTER/=FORMULA). These are the primitives used to download payloads, write files, and start processes from an XLM macro without invoking VBA.
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VBA project inside OOXML medium OOXML_VBADocument contains vbaProject.bin — VBA macros present
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Hidden worksheet (hidden) low OOXML_HIDDEN_SHEETExcel workbook contains 3 hidden sheet(s) — hidden sheets are commonly used to conceal macro code, staging data, or intermediate payload construction
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Embedded URL info EMBEDDED_URLOne or more URLs were extracted from the document. The URL itself is not a detection — see the per-URL labels for which channel (macro, JS, link annotation, document body, ...) reached each URL.URL http://schemas.openxmlformats.org/spreadsheetml/2006/main
- http://schemas.microsoft.com/office/excel/2006/main
- http://schemas.openxmlformats.org/officeDocument/2006/relationships
- http://schemas.openxmlformats.org/markup-compatibility/2006
- http://schemas.microsoft.com/office/spreadsheetml/2009/9/ac
Extracted artifacts 5
Files carved from inside the sample during analysis.
| Filename | Kind | Source | Size |
|---|---|---|---|
macros.bas868fd66cdff8e0f13d33adc8f5340c9ec7e4b6f53af837434be549e349188d98 |
vba-macro | oletools.olevba.extract_macros (decoded VBA source from OOXML) | 3111 bytes |
vbaProject_00.bin19832f2f9c20338e85a6020ce270b510e341c053f0f6e3bc83c246286e2aece1 |
vba-project | OOXML VBA project: xl/vbaProject.bin | 23040 bytes |
emf_00.emf5a6ad5dd29dac89ddf7d058b243b6caa122a0c6fac2b9fb5f853fd49e47d4d5e |
ooxml-emf | OOXML EMF part: xl/media/image1.emf | 2352 bytes |
xlm_sheet_00.xml9539834b2f3ce98fb433bfd6ed41a922c8c3639a3b33fff2777ac5b056bb166a |
xlm-macrosheet | OOXML XLM macro sheet: xl/macrosheets/sheet1.xml | 1174 bytes |
xlm_sheet_01.xml863373286637fadab1fdf1d4e10af1ecebec7c55dd00032186a44b7b0f1e07c1 |
xlm-macrosheet | OOXML XLM macro sheet: xl/macrosheets/sheet2.xml | 977 bytes |
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