Researchers disclosed MontysThree, a previously unknown multi-module C++ malware framework used in highly targeted industrial espionage operations since at least 2018. The malware was delivered through self-extracting RAR archives disguised as routine documents, including employee phone lists, technical assignments, and medical test results, then deployed a staged loader with encrypted configuration data and steganography to hide components and communications. The toolset established persistence, executed attacker tasks, and searched infected systems for Microsoft Office and Adobe Acrobat files, including documents stored on removable media.
MontysThree blended into normal enterprise traffic by abusing legitimate services from Google, Microsoft, and Dropbox for command-and-control and data exfiltration, while also supporting RDP, Citrix, WebDAV, and HTTP. Investigators found Russian-language artifacts, Cyrillic-specific Windows paths, and Russian-themed lure filenames, indicating a likely Russian-speaking developer and probable targeting of Russian-speaking organizations, while Chinese-style account names appeared to be false flags. Although the operation was assessed as less polished than top-tier APT campaigns, its layered encryption, custom steganography, and use of trusted cloud platforms showed significant technical sophistication.

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In summer 2020, researchers uncovered the multi-module C++ malware toolset that its authors called "MT3" and named it MontysThree. Based on the lack of clear overlaps in code, infrastructure, or TTPs, they assessed the operator as a new threat actor.
Researchers reported that the previously unknown MontysThree malware toolset had been used in highly targeted industrial espionage attacks since at least 2018. The campaign targeted Russian-speaking environments and sought documents from local and removable media.
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