Skip to main content

🚨 Formbook is Back with Regional Lures

0
Medium
Published: 10/23/2026 (10/23/2026, 12:38:55 UTC)
Source: Reddit ThreatIntel

Description

Formbook malware has resurfaced using localized business-order themed lures targeting European users and manufacturing organizations. The attack chain involves JavaScript, hidden PowerShell scripts, an AES-encrypted .NET payload, and process hollowing of aspnet_compiler.exe to execute Formbook. Persistence is maintained via SystemUpdate_* shortcuts and related artifacts. Network detection includes Formbook command-and-control check-ins flagged by Suricata. Indicators of compromise (IOCs) include specific domain names and file hashes. No direct patch or remediation is indicated in the source information.

Reddit Discussion

r/threatintel·posted by u/ANYRUN-team
00

A localized business-order lure targets European users and manufacturing orgs, delivering Formbook through an in-memory chain and persisting as SystemUpdate_*.

The full attack chain and collect IOCs: https://app.any.run/tasks/29a05eb9-ada8-4a87-9d57-98e056e89f55/

Execution chain: JavaScript ➡️ hidden PowerShell ➡️ AES-protected .NET payload ➡️ hollowed aspnet_compiler.exe ➡️ Formbook in rekeywiz[.]exe

The loader bypasses execution policy and retries injection through a watchdog, while leaving clear detection markers: SystemUpdate_ps_*.lnk persistence, C:\Temp\ps_*.ps1, and powershell.exe spawning aspnet_compiler.exe without arguments. Suricata flagged Formbook C2 check-ins and a request to a .top domain.

With Related Threat Context, you can explore activity beyond the original sample in one connected workflow. In this case, another document themed malicious archive used similar JS lure — a useful lead for identifying related threats.

IOC:
hlushkova[.]top
58eb890b612938867237c3fa1715b8742d9b25a8fe136cd75ea659882b7b7a10
a970e997093fcd10d108354423c8fa420a6887ed97cbf7c7dbe3551faa4d9b95
1aa47ce02867f847227839b60d396ca96dac60372b0cd26b78b71a34473bb079
9683514cc99c80e7021849da4e9bd65d00c6d477f478589ea9aef522daed3c72

Additional IOCs uncovered in TI Lookup through Related Threat Context:
93248da1a4ef6df7b13ecda6c3d91d4d3a49efd4ed1034acd1217e790fc90783
477381fcad2a224fc4070d9fbcd4d5c4f8169fcf0904398bda8f29d6f9fab6a0
806d430c036e3bcb5b05b14eaf7423fdad2fcea67dae7a4beef545ffd864da52
6416f6c353c7e687190fab84c8e8802b0139fb98f44b8e6ae79099fd27884b9b
a44cad7e7d26a0f0284ceb2e9a10a964d9e7ab44ab74b22464eb2f836af3d90a

AI-Powered Analysis

Machine-generated threat intelligence

AILast updated: 10/24/2026, 07:49:06 UTC

Technical Analysis

This threat report details a resurgence of the Formbook malware campaign using regionalized lures aimed at European users and manufacturing sectors. The infection chain starts with a JavaScript lure that triggers hidden PowerShell execution, which then decrypts and loads an AES-protected .NET payload. The payload uses process hollowing on aspnet_compiler.exe to run Formbook under the name rekeywiz.exe. The loader bypasses PowerShell execution policies and uses a watchdog mechanism to retry injection attempts. Persistence is achieved through SystemUpdate_ps_*.lnk shortcuts and related PowerShell scripts. Network detection tools like Suricata have flagged Formbook's command-and-control traffic and suspicious domain requests. The report includes multiple IOCs such as domain names and file hashes to aid detection and response.

Potential Impact

The Formbook malware campaign enables attackers to maintain persistence on infected systems, potentially allowing data theft or further compromise. The use of process hollowing and execution policy bypass techniques complicates detection. The campaign targets European users and manufacturing organizations, indicating a focused threat. Suricata detection of C2 traffic suggests network-based detection is possible. No direct exploit or vulnerability is described, but the malware's presence poses a medium risk to affected organizations.

Defensive Guidance

No official patch or remediation is indicated in the source. Defenders should use the provided IOCs to detect and block the malware and its command-and-control infrastructure. Network detection tools like Suricata can identify Formbook C2 check-ins. Monitoring for the described persistence artifacts (SystemUpdate_ps_*.lnk, PowerShell scripts in C:\Temp) and suspicious process activity (powershell.exe spawning aspnet_compiler.exe without arguments) can aid in identification. Standard endpoint detection and response (EDR) solutions should be updated to detect these behaviors. There is no indication that vendor patches or fixes are available or required.

Pro Console: star threats, build custom feeds, automate alerts via Slack, email & webhooks.Upgrade to Pro

Technical Details

Source Type
reddit
Subreddit
ThreatIntelligence+threatintel+websecurityresearch
Discussion Level
minimal
Content Source
reddit_link_post
Post Type
link
Has External Source
true

Threat ID: 6adc62ee9ce6428f72fa4adf

Added to database: 10/24/2026, 07:49:02 UTC

Last enriched: 10/24/2026, 07:49:06 UTC

Last updated: 10/24/2026, 09:26:26 UTC

Views: 7

Community Reviews

0 reviews

Crowdsource mitigation strategies, share intel context, and vote on the most helpful responses. Sign in to add your voice and help keep defenders ahead.

Sort by
Loading community insights…

Want to contribute mitigation steps or threat intel context? Sign in or create an account to join the community discussion.

Actions

PRO

Updates to AI analysis require Pro Console access. Upgrade inside Console → Billing.

Please log in to the Console to use AI analysis features.

Need more coverage?

Upgrade to Pro Console for AI refresh and higher limits.

For incident response and remediation, OffSeq services can help resolve threats faster.

Latest Threats

Breach by OffSeqOFFSEQFRIENDS — 25% OFF

Check if your credentials are on the dark web

Instant breach scanning across billions of leaked records. Free tier available.

Scan now
OffSeq TrainingCredly Certified

Lead Pen Test Professional

Technical5-day eLearningPECB Accredited
View courses