Casbaneiro Phishing Targets Latin America and Europe Using Dynamic PDF Lures

Casbaneiro Phishing Targets Latin America and Europe Using Dynamic PDF Lures

Casbaneiro Phishing Targets Latin America and Europe Using Dynamic PDF Lures

https://thehackernews.com/2026/04/casbaneiro-phishing-targets-latin.html

Publish Date: 2026-04-01 08:36:00

Source Domain: thehackernews.com

Ravie LakshmananApr 01, 2026Malware / Windows Security

A multi-pronged phishing campaign is targeting Spanish-speaking users in organizations across Latin America and Europe to deliver Windows banking trojans like Casbaneiro (aka Metamorfo) via another malware called Horabot.

The activity has been attributed to a Brazilian cybercrime threat actor tracked as Augmented Marauder and Water Saci. The e-crime group was first documented by Trend Micro in October 2025.

“This threat group employs a wider-ranging attack model focused on a bespoke delivery and propagation mechanism that includes WhatsApp, ClickFix techniques, and email-centric phishing,” BlueVoyant security researchers Thomas Elkins and Joshua Green said in a technical breakdown published Tuesday.

“It is now evident that while these Brazil-based operators heavily leverage script-based WhatsApp automation to compromise retail and consumer users in Latin America, they concurrently maintain and deploy an advanced, email-hijacking engine to penetrate enterprise perimeters there and Europe as well.”

The starting point of the campaign is a phishing email that employs court summons-themed messages to deceive recipients into opening a password-protected PDF attachment. Clicking on an embedded link in the document directs the victim to a malicious link and initiates an automatic download of a ZIP archive, which, in turn, leads to the execution of interim HTML Application (HTA) and VBS payloads.

The VBS script is designed to carry out environment and anti-analysis checks similar to those found in Horabot artifacts, including checks for Avast antivirus software, and proceeds to retrieve next-stage payloads from a remote server. Among the downloaded files are AutoIt-based loaders, each of which extracts and runs encrypted payload files with “.ia” or “.at” extensions to eventually launch two malware families: Casbaneiro (“staticdata.dll”) and Horabot (“at.dll”).

While Casbaneiro is the primary payload,…

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