๐ต๏ธ RESEARCH & DEEP DIVES
- Lazarus' Operation FlashHole targets South Korea via CrossWeb EX abuse and watering holes
Kaspersky details Operation FlashHole, a new Lazarus campaign against South Korean organizations abusing the CrossWeb EX financial security software.- At least three South Korean organizations in software, construction, and wired communication equipment manufacturing were hit, with activity dating back to July 2025.
- The attack chain abuses INISAFE CrossWeb EX V3 (version 3.4.1.2), mandatory financial security software for online banking and government sites in South Korea, spawning malware in memory with high integrity.
- Initial access combines watering-hole compromise with spear-phishing emails linking to fabricated portfolio and rรฉsumรฉ pages tailored to each target.
- The modular malware set (TechHub, Cubridge, TouchHub, TouchShift, ClientHub, LPEClient) runs almost entirely in memory, and C2 traffic is protected with post-quantum cryptography.
- The campaign follows Operation SyncHole, which abused Cross EX and a zero-day in Innorix Agent against at least six South Korean organizations.
- IOCs including file hashes, file paths, and C2 servers are published in the Securelist report.
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