Researchers reported a targeted cyber-espionage campaign delivering BlackWater malware through malicious Microsoft Word documents themed around major public events, including the Beirut explosion and COVID-19. The activity targeted government, diplomatic, and defense-related entities, with reporting tying parts of the operation to victims in Bulgaria and Azerbaijan and noting similarities to broader Asia-focused espionage tradecraft seen in campaigns attributed to groups such as Naikon and Vicious Panda.
The infection chain used an obfuscated macro to retrieve an encrypted second-stage payload from hardcoded command-and-control URLs chosen by the victim’s Windows version, then decrypted it with a book-cipher-style method derived from the legitimate font file C:\Windows\Fonts\cambriab.tff. The malware established persistence by dropping a malicious Word add-in, Moon.wll, into Word’s startup folder, then fetched an encrypted x64 backdoor that communicated over JSON through Cloudflare Workers and resolved infrastructure via DNS-over-HTTPS using cloudflare-dns.com and libcurl. Researchers said the tooling overlaps and advanced operational security point to a capable APT operator tracked as ReconHellcat.

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Based on the March and August BlackWater activity, researchers assessed that defense and diplomatic government bodies in Bulgaria and Azerbaijan were highly likely targeted. They attributed the operations to a newly named APT group, ReconHellcat.
A new targeted BlackWater malware campaign used a malicious Word document themed around the Beirut tragedy. The infection chain fetched encrypted payloads, installed a malicious Moon.wll Word add-in for persistence, and ultimately deployed the BlackWater backdoor.
Researchers state that a BlackWater malware campaign was first identified in March. The later activity shared overlapping TTPs including Cloudflare Workers hosting, DNS-over-HTTPS via cloudflare-dns.com, JSON communications, and BlackWater strings.
F-Secure first documented the Microsoft Word add-in persistence and execution technique later abused in this campaign. The method involves placing a malicious .wll add-in in Word's STARTUP path so it loads automatically.
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