MALICIOUS
160
Risk Score
Malware Insights
MITRE ATT&CK
T1204.002 Malicious File
T1059.005 Service Execution
T1218.010 Regsvr32
The sample is an Excel 4.0 macro-enabled spreadsheet that impersonates DocuSign to lure the user into enabling macros. Upon enabling, it uses the 'regsvr32.exe -s C:\LotWin\LotWin2\Horsew.dll' command to execute a DLL. The presence of an Auto_Open macro and the explicit command line strongly indicate a downloader or initial execution stage.
Heuristics 5
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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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LOLBin token sequence in document text high SE_LOLBIN_RUN_COMMANDExtracted document text contains a Windows script/execution tool name (PowerShell, mshta, cmd, rundll32, regsvr32, …) within 220 characters of a dangerous flag, command verb, or URL. This is a visible 'run this' instruction in HTML/PDF/RTF lure bodies, or — in macro-laden Office files — the macro's own string-pool entries appearing adjacent in extracted text.
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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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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
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Document signing service impersonation lure medium SE_DOCUSIGN_LUREDocument impersonates DocuSign, Adobe Sign, or a similar signing service in a signing-request context
Extracted artifacts 1
Files carved from inside the sample during analysis.
| Filename | Kind | Source | Size |
|---|---|---|---|
xlm_macros.txt4079806a1b1fa296c2735db3069c61e447d1fa3bd6d0b3662d0154f45cf6906e |
xlm-macro | oletools.olevba.extract_all_macros (XLM macro listing) | 2103 bytes |
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