Malware Insights
The sample is an Excel 4.0 macro-enabled spreadsheet that uses an Auto_Open macro to execute. It also contains VBA macros that utilize the URLDownloadToFile API. The VBA script reconstructs the URL 'http://' and concatenates it with a value from Sheets("Files").Range("B60"), then saves the downloaded content to a path specified by Sheets("Files").Range("B56"). This indicates the file's purpose is to download and execute a second-stage payload from a remote server. The presence of multiple suspicious URLs and the use of macro-enable lures further support this assessment.
Heuristics 7
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Reference to URLDownloadToFile API critical SC_STR_URLDOWNLOADReference to URLDownloadToFile API
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Excel 4.0 Auto_Open defined name critical OLE_XLM_AUTOOPEN_DEFINEDNAMEoletools recovered an Auto_Open / Auto_Close entry from an Excel 4.0 macro sheet. The raw BIFF name can be tokenized or partially opaque to byte-string checks, but the recovered macro listing confirms the workbook has an XLM auto-execution entry.
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XLM Auto_Open with dangerous formula APIs critical OLE_XLM_DANGEROUS_FNExcel 4.0 macro sheet contains an Auto_Open / Auto_Close entry and dangerous XLM formula APIs that can invoke programs, write files, or transfer control without VBA.
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URLDownloadToFile in VBA critical OLE_VBA_DOWNLOADURLDownloadToFile in VBA
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Excel 4.0 (XLM) macro sheet present medium OLE_XLM_AUTOOPENWorkbook contains an Excel 4.0 macro sheet sub-stream — XLM is rarely seen in modern legitimate workbooks and was a major Office malware vector during 2020-2022.
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VBA macros detected medium OLE_VBA_MACROSDocument contains VBA macro code
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Macro/content-enable lure medium SE_ENABLE_LUREDocument instructs the user to enable macros or editing — a common technique used by malware droppers to bypass Office macro security settings
Extracted artifacts 2
Files carved from inside the sample during analysis.
| Filename | Kind | Source | Size |
|---|---|---|---|
xlm_macros.txt8a871f182a98e6b1d5e8febbad16f5605b448e4a43514dbcd8c285ebea006831 |
xlm-macro | oletools.olevba.extract_all_macros (XLM macro listing) | 5046 bytes |
macros.basece210f14e9b6afe85068ad0748dbb5e99e99683073cb7bcdc843838318563a0 |
vba-macro | oletools.olevba.extract_macros (decoded VBA source) | 1692 bytes |
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