Threat researchers reported coordinated spearphishing activity targeting energy, oil and gas, electronics, and related supply-chain organizations, with notable focus on South Korean firms and entities in the UAE and Qatar. The lures impersonated legitimate business correspondence using spoofed or typosquatted email accounts and referenced real tenders, RFQs, procurement documents, executives, and major projects such as ADNOC and Doha airport work to increase credibility.
The emails delivered malicious IMG, ISO, CAB, PDF, ZIP, and .NET loader chains, often hosted through legitimate services including WeTransfer and Mega, to install information-stealing malware such as AZORult, Agent Tesla, Formbook, Loki, and Snake Keylogger. Researchers said the malware was used to steal credentials, banking and browsing data, and keystrokes, while some samples used fileless execution, anti-analysis checks, and process hollowing to evade detection; one campaign also appeared to target suppliers as a path to compromise trusted downstream business relationships.

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GustoMSC publicly warned that its domain was being typosquatted and that scammers were sending emails in employees’ names. This warning aligns with the broader phishing activity targeting energy-sector firms and suppliers.
Zscaler observed the same Middle East-focused campaign increase starting in July 2020, with phishing emails impersonating ADNOC officials and using tender and RFQ themes tied to regional projects. The operation targeted organizations especially in the UAE and Qatar.
Zscaler reported that a targeted spearphishing campaign against supply chain-related and government organizations in the Middle East was seen at low volume from January through May 2020. The lures used project-themed PDFs and ultimately delivered the AZORult information stealer.
Researchers described a spearphishing campaign active for at least one year that targeted large international companies, especially in energy, oil and gas, electronics, and related suppliers, with a strong focus on South Korean firms. The attackers used spoofed and typosquatted business email lures with IMG, ISO, and CAB attachments to deliver infostealers including Formbook, Agent Tesla, Loki, Snake Keylogger, and AZORult.
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