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Operation Artemis: Analysis of HWP-Based DLL Side Loading Attacks

0
Medium
Published: Mon Dec 22 2025 (12/22/2025, 03:59:37 UTC)
Source: AlienVault OTX General

Description

The 'Artemis' campaign, conducted by APT37, utilizes malicious HWP documents with embedded OLE objects to initiate attacks. The threat actor impersonates legitimate entities to gain trust before delivering the payload. The attack chain combines HWP execution with DLL side-loading techniques to evade detection. Steganography is employed to conceal malicious code, and legitimate processes are abused to load malicious DLLs. The campaign targets South Korean organizations, exploiting the widespread use of the HWP format. Multiple stages of encryption and decryption are used to obfuscate the final RoKRAT payload. The threat actor leverages cloud services like Yandex and pCloud for command and control infrastructure, complicating detection and attribution efforts.

AI-Powered Analysis

AILast updated: 01/05/2026, 11:10:10 UTC

Technical Analysis

Operation Artemis is a sophisticated cyber espionage campaign attributed to the North Korean-linked threat actor APT37. It targets South Korean entities by exploiting the Hangul Word Processor (HWP) document format, which is widely used in South Korea but less common elsewhere. The attack begins with spear-phishing emails containing malicious HWP files embedded with OLE objects that execute code upon opening. This code triggers DLL side-loading, a technique where a legitimate Windows application is tricked into loading a malicious DLL, thereby bypassing many traditional security controls and evading detection. The malicious payload is hidden using steganography within the document or associated files, and it undergoes multiple stages of encryption and decryption to obfuscate its presence further. The final payload deployed is RoKRAT, a remote access trojan known for espionage capabilities including data exfiltration and system manipulation. The attackers use cloud services such as Yandex and pCloud for their command and control infrastructure, which complicates network detection and attribution efforts. The campaign abuses legitimate Windows processes and employs complex obfuscation techniques, making detection and mitigation challenging. Although the campaign currently focuses on South Korea, the underlying techniques—especially DLL side-loading and steganography—could be adapted to other document formats and environments. No public CVEs or known exploits are reported, and the attack requires user interaction, typically through spear-phishing.

Potential Impact

For European organizations, the direct impact of Operation Artemis is currently limited due to the campaign’s focus on South Korean targets and the niche use of the HWP document format predominantly in South Korea. However, European entities with business relationships or supply chain connections to South Korea, or those that handle HWP documents, could be at risk if targeted. The use of DLL side-loading and steganography techniques poses a broader risk to Windows environments, as these methods can be adapted to other document formats or localized software. The exploitation of cloud services for command and control complicates detection and incident response, potentially allowing prolonged undetected access. If successfully compromised, affected systems could suffer confidentiality breaches through data exfiltration, integrity impacts via manipulation of files or system settings, and availability issues if destructive payloads are deployed. The medium severity rating reflects the attack’s stealth and complexity, the requirement for user interaction, and the current limited geographic scope. European organizations should consider this threat in the context of supply chain risks and evolving adversary tactics.

Mitigation Recommendations

1. Implement targeted spear-phishing awareness training emphasizing the risks of opening unsolicited or unexpected HWP documents, especially from unknown or untrusted sources. 2. Deploy application whitelisting and monitor for anomalous DLL side-loading behavior, focusing on processes known to be abused in this campaign. 3. Utilize advanced endpoint detection and response (EDR) solutions capable of detecting steganography and multi-stage encrypted payloads. 4. Restrict or monitor the use of cloud storage and services such as Yandex and pCloud within corporate networks to identify unusual command and control traffic. 5. Enforce network segmentation and strict egress filtering to limit outbound connections to suspicious cloud infrastructure. 6. Integrate threat intelligence feeds and indicators of compromise (IoCs), including the provided file hashes, into detection systems. 7. Conduct regular audits of document handling policies, including restricting or sandboxing the use of HWP files where feasible. 8. Enhance logging and monitoring for anomalous DLL loading and process injection activities. 9. Collaborate with partners and suppliers to raise awareness and coordinate mitigation efforts for similar threats. 10. Develop and rehearse incident response plans that include scenarios involving DLL side-loading and steganography-based payloads.

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Technical Details

Author
AlienVault
Tlp
white
References
["https://www.genians.co.kr/en/blog/threat_intelligence/dll?hs_amp=true"]
Adversary
APT37
Pulse Id
6948c2292bd62a280f93ac30
Threat Score
null

Indicators of Compromise

Hash

ValueDescriptionCopy
hash31662a24560b3fe1f34f0733e65509ff
hash7e8c24bb3b50d68227ff2b7193d548dd
hash8e4a99315a3ef443928ef25d90f84a09
hashad3433f5f64abdec7868a52341f14196
hashd2b2c6646535a62e4c005613d6a036f0
hashea95109b608841d2f99a25bd2646ff43
hashf3603f68aadc8bc1ea8939132f0d5252

Threat ID: 69491f829679ab05af586fc3

Added to database: 12/22/2025, 10:37:54 AM

Last enriched: 1/5/2026, 11:10:10 AM

Last updated: 2/7/2026, 11:41:10 AM

Views: 299

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