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A series of attacks targeting financial organizations across Africa has been observed since July 2023. The threat actor, tracked as CL-CRI-1014, uses open-source and publicly available tools like PoshC2, Chisel, and Classroom Spy to establish attack frameworks, create tunnels for network communication, and perform remote administration. They forge file signatures to disguise their toolset and mask malicious activities. The attackers are suspected to be acting as initial access brokers, creating footholds in financial institutions to sell access on darknet markets. Their playbook includes lateral movement techniques such as creating remote services, executing through DCOM, and using PsExec. The threat actor also employs evasion methods like using packers and signing tools with stolen signatures.

Since July 2023, a cybercriminal group identified as CL-CRI-1014 has been conducting targeted attacks against financial institutions across Africa. This threat actor leverages open-source and publicly available tools such as PoshC2, Chisel, and Classroom Spy to build flexible attack frameworks. PoshC2 is a well-known post-exploitation framework used for command and control (C2), Chisel is used to create encrypted tunnels for network communication, and Classroom Spy is a remote administration tool. By combining these tools, the attackers establish persistent footholds within victim networks, enabling remote control and data exfiltration. To evade detection, the attackers forge file signatures, making their malicious tools appear legitimate, and use packers and stolen digital signatures to mask their malware binaries. Their operational playbook includes lateral movement techniques such as creating remote services, executing commands via Distributed Component Object Model (DCOM), and leveraging PsExec for remote code execution. These techniques allow the threat actor to move laterally within compromised networks, escalating privileges and expanding access. The group is suspected to act as initial access brokers, compromising financial organizations and then selling access on darknet markets to other malicious actors. The attack chain involves sophisticated evasion and persistence mechanisms, including the use of scheduled tasks (T1053.005), masquerading (T1036.005), and code injection (T1055). Although no known exploits are currently reported in the wild for specific vulnerabilities, the use of legitimate tools and stolen signatures complicates detection and mitigation efforts. The threat is categorized as medium severity, reflecting the moderate but significant risk posed by these targeted intrusions.

Detailed information about Cybercriminals Abuse Open-Source Tools To Target Africa's Financial Sector. Get real-time updates, technical details, and mitigation 

Cybercriminals Abuse Open-Source Tools To Target Africa's Financial Sector - Live Threat Intelligence - Threat Radar | OffSeq.com

Cybercriminals Abuse Open-Source Tools To Target Africa's Financial Sector

Cybercriminals Abuse Open-Source Tools To Target Africa’s Financial Sector

Source: https://unit42.paloaltonetworks.com/cybercriminals-attack-financial-sector-across-africa/

This threat campaign involves cybercriminals leveraging open-source tools to conduct attacks targeting the financial sector across Africa. The campaign was reported by Unit 42, a reputable cybersecurity research group, and shared on the InfoSecNews subreddit. Although specific affected software versions or vulnerabilities are not detailed, the mention of 'rce' (remote code execution) in the newsworthiness assessment indicates that attackers may be exploiting remote code execution vulnerabilities or techniques to compromise systems. The use of open-source tools suggests that attackers are utilizing publicly available software frameworks or utilities, potentially to automate attacks, evade detection, or exploit known weaknesses in financial institutions' infrastructure. The campaign is recent (published June 2025) and has a medium severity rating, indicating a moderate level of threat. No known exploits in the wild have been reported yet, and discussion levels on Reddit are minimal, suggesting that the campaign is either emerging or not widely publicized. The lack of specific technical details such as exploited CVEs or attack vectors limits the granularity of the analysis, but the focus on Africa's financial sector implies targeted attacks on banking systems, payment platforms, or financial service providers, likely aiming at financial gain through fraud, data theft, or disruption.

Detailed information about Cybercriminals Abuse Open-Source Tools To Target Africa’s Financial Sector. Get real-time updates, technical details, and mitigation 

Cybercriminals Abuse Open-Source Tools To Target Africa’s Financial Sector - Live Threat Intelligence - Threat Radar | OffSeq.com

Cybercriminals Abuse Open-Source Tools To Target Africa’s Financial Sector

Reddit Discussion: Cybercriminals Abuse Open-Source Tools To Target Africa’s Financial Sector

OSINT - Nile Phish: Large-Scale Phishing Campaign Targeting Egyptian Civil Society

The Nile Phish campaign is a large-scale phishing operation targeting Egyptian civil society, as identified through open-source intelligence (OSINT) by CIRCL. Phishing attacks typically involve sending deceptive emails or messages that appear legitimate to trick recipients into divulging sensitive information such as login credentials, personal data, or financial information. In this case, the campaign focuses on individuals and organizations within the Egyptian civil society sector, which may include activists, NGOs, journalists, and other stakeholders. The campaign's objective is likely to gain unauthorized access to sensitive communications or data, potentially for surveillance, espionage, or disruption purposes. Although specific technical details such as the phishing vectors, payloads, or infrastructure used are not provided, the threat level is noted as moderate (threatLevel 3) with a low overall severity rating. No known exploits or vulnerabilities are associated with this campaign, indicating it relies on social engineering rather than software flaws. The absence of affected software versions and patch links further supports this. The campaign's timing, reported in early 2017, suggests it may have been part of broader regional targeting efforts against civil society actors in politically sensitive environments.

Detailed information about OSINT - Nile Phish: Large-Scale Phishing Campaign Targeting Egyptian Civil Society. Get real-time updates, technical details, and mit

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