A previously unknown malware variant dubbed Saint Bot malware is being distributed in phishing emails using a Bitcoin-themed lure. With the value of Bitcoin setting new records, many individuals may be tempted into opening the attachment to get access to a bitcoin wallet. Doing so will trigger a sequence of events that will result in the delivery of Saint Bot malware.

Saint Bot malware is a malware dropper that is currently being used to deliver secondary payloads such as information stealers, although it can be used to drop any malware variant. The malware was first detected and analyzed by researchers at Malwarebytes who report that while the malware does not use any novel techniques, there is a degree of sophistication to the malware and it appears that the malware is being actively developed. At present, detections have been at a relatively low level but Saint Bot malware could develop into a significant threat.

The phishing emails used to distribute the malware claim to include a Bitcoin wallet in the attached Zip file. The contents of the Zip file include a text file with instructions and a LNK file that has an embedded PowerShell script. A PowerShell downloader delivers an obfuscated .Net dropper and downloader, which in turn deliver a BAT script that disables Windows Defender and the Saint Bot malware binary.

The malware is capable of detecting if it is in a controlled environment and terminates and deletes itself should that be the case. Otherwise, the malware will communicate with its hardcoded command and control servers, send information gathered from the infected system, and download secondary payloads to the infected device via Discord.

The malware has not been linked with any specific threat group and could well be distributed to multiple actors via darknet hacking forums, but it could well become a major threat and be used in widespread campaigns to take advantage of the gap in the malware-as-a-service (MaaS) market left by the takedown of the Emotet Trojan.

Protecting against malware downloaders such as Saint Bot malware requires a defense in depth approach. The easiest way of blocking infections is to implement an advanced spam filtering solution such as SpamTitan to block the phishing emails that deliver the malware. Antivirus software should also be installed on all endpoints and set to update automatically, and communication with the C2 servers should be blocked via firewall rules.

In addition to technical defenses, it is important to provide security awareness training to the workforce to help employees identify malicious emails and condition them how to respond when a potential threat is detected.

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