Researchers have uncovered a sophisticated phishing campaign originating in Russia that deploys the Phantom information-stealing malware via malicious ISO files.

The attack, dubbed “Operation MoneyMount-ISO,” targets finance and accounting departments explicitly using fake payment confirmation emails to trick victims into executing the payload.

The campaign primarily focuses on finance, accounting, treasury, and payment departments in Russia, with secondary targets including procurement, legal, HR/payroll teams, executive assistants, and Russian-speaking small and medium enterprises.

Initial Findings about Campaign — Initial Findings

The attack poses significant risks, including credential theft, invoice and payment fraud, unauthorized fund transfers, and lateral movement into IT systems.

The infection begins with a Russian-language phishing email titled “Подтверждение банковского перевода” (Confirmation of Bank Transfer) sent from compromised domains.

The message impersonates TorFX Currency Broker and contains a ZIP attachment approximately 1 MB in size. When victims open the ZIP file, they find a malicious ISO file disguised as a legitimate bank transfer confirmation document.

Upon execution, the ISO file auto-mounts as a virtual CD drive, revealing an executable file that appears legitimate. The executable loads additional payloads into memory, including a DLL named CreativeAI.dll containing encrypted code.

This DLL decrypts and injects the final version of the Phantom Stealer malware into the system.

Phantom Stealer Capabilities

Phantom Stealer is a comprehensive data theft tool with extensive capabilities. The malware features anti-analysis techniques that detect virtualized environments and security tools, automatically self-destructing if discovered.

According to Seqrite, it harvests cryptocurrency wallet data from both browser extensions and desktop applications, targeting dozens of known crypto wallets.

The stealer extracts Discord authentication tokens from browser databases and native Discord installations, validates them through Discord’s API, and collects user information, including usernames, emails, and Nitro subscription status.

Analysis of Final Payload ( — Analysis of Final Payload

It also deploys a continuous clipboard monitor that captures clipboard contents every second, logging timestamped entries for exfiltration.

Additional capabilities include a global keystroke logger using low-level Windows hooks, recovery of saved passwords and credit card data from Chromium-based browsers via SQLite database parsing, and targeted file collection based on predefined criteria.

Once stolen data is collected, Phantom Stealer packages it into a ZIP archive that includes system metadata, public IP addresses, and configuration toggles.

The malware employs multiple exfiltration channels, including Telegram bot APIs, Discord webhooks, and FTP servers with optional SSL support, ensuring attackers receive the stolen information through redundant communication methods.

Organizations should implement continuous filtering of containerized attachments, deploy memory-behavior monitoring solutions, and harden email security workflows for finance-facing departments to defend against these evolving threats.

IOCs

27bc3c4eed4e70ff5a438815b1694f83150c36d351ae1095c2811c962591e1bf	Email
4b16604768565571f692d3fa84bda41ad8e244f95fbe6ab37b62291c5f9b3599	Подтверждение банковского перевода.zip
60994115258335b1e380002c7efcbb47682f644cb6a41585a1737b136e7544f9	Подтверждение банковского перевода.iso
78826700c53185405a0a3897848ca8474920804a01172f987a18bd3ef9a4fc77	HvNC.exe

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