The main benefit of using a valid certificate is to bypass security measures, avoid raising suspicions with system alerts, and blend in with legitimate software and traffic.
According to SentinelLabs, which analyzed the campaign, the certificate belongs to PMG PTE LTD, a Singaporean vendor of the VPN product 'Ivacy VPN.'
The cyberattacks observed in March 2023 are likely a later phase of the 'Operation ChattyGoblin' that ESET identified in a Q4 2022 – Q1 2023 report.
However, SentinelLabs says it's challenging to associate with specific clusters due to the extensive sharing of tools between Chinese threat actors.
DLL side-loading
The attacks begin with dropping .NET executables (agentupdate_plugins.exe and AdventureQuest.exe) on the target system, likely via trojanized chat apps, that fetch password-protected ZIP archives from Alibaba buckets.
The AdventureQuest.exe malware sample was first found by security researcher MalwareHunterteam in May when they noted that the code-signing certificate was the same as one used for official Ivacy VPN installers.
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