Armored Likho: APT Blends Cyber Espionage and Financial Theft, Targets Critical Sectors
A new threat actor, dubbed **Armored Likho**, has emerged, targeting government agencies and the electric power sector across Russia, Brazil, and Kazakhstan. This sophisticated group employs a blend of financially motivated campaigns and targeted cyber espionage, utilizing modular RATs and infostealers designed to evade dynamic analysis.
A previously undocumented threat actor known as **Armored Likho** has been attributed to cyber attacks targeting government agencies and the electric power sector across Russia, Brazil, and Kazakhstan.
"**Armored Likho** blends financially motivated campaigns targeting private individuals with targeted cyber espionage aimed at organizations," **Kaspersky** said in a technical analysis published today. "Their toolkit features obfuscated, modular RATs and infostealers specifically engineered to bypass dynamic analysis."
The attacks are also characterized by the use of tools like **Go2Tunnel** for remote access and network tunneling. The wide variety of tools in its arsenal allows the threat actor to maintain persistent access to compromised hosts, steal credentials and sensitive data, and dynamically deliver modules tailored to the victim's profile.
The Russian cybersecurity vendor said **Armored Likho** shares possible overlaps with a threat cluster tracked by **BI.ZONE** under the moniker **Eagle Werewolf**, which has been active since May 2023. The hacking group has a track record of targeting government and defense organizations, specifically those involved in UAV development and manufacturing, using droppers, remote access trojans (**RATs**), and utilities for establishing SSH tunnels.
"Threat actors may use compromised **Telegram** channels to distribute the malware," **BI.ZONE** notes in its description of the threat actor. "While the group's primary motivation is cyber espionage, campaigns aimed at stealing funds from victims have also been recorded."
Back in February 2026, **Eagle Werewolf** was observed compromising a drone-focused **Telegram** channel to distribute **AquilaRAT** via a Rust dropper that masquerades as a checklist for **Starlink** device activation. Also put to use in its attacks is a tool referred to as **Go2Tunnel** to establish a reverse SSH tunnel to a command-and-control (**C2**) server using a private key.
The latest findings show that the threat actor has also employed a previously unreported Python-based information stealer named **BusySnake Stealer** targeting **Windows** systems, one version of which includes a module for stealing cookies from web browsers. The exact origins of **Armored Likho** remain unknown.
### Attack Chain and Exploitation
The starting point of the attack chain is a spear-phishing email that uses lures related to official government notices or social programs to distribute a **RAR** archive containing **EXE** binaries that serve as droppers for additional payloads retrieved from a **GitHub** repository, including the stealer payload.
The dropper malware also creates two **Visual Basic Script (VBScript)** files that are responsible for erasing traces of the initial execution as well as launching the stealer by means of a scheduled task.
Alternate chains utilize **Windows** shortcuts (**LNK**) instead of **EXE** payloads that weaponize a now-patched vulnerability related to how **Windows** handles such files, resulting in remote code execution. The flaw, tracked as **CVE-2025-9491** (aka **ZDI-CAN-25373**), was addressed by **Microsoft** as part of its Patch Tuesday updates for November 2025. Evidence unearthed by **Trend Micro** last year revealed that the shortcoming had been weaponized by a dozen hacking groups since 2017.

In the attack chain documented by **Kaspersky**, the shortcut vulnerability is abused to trigger the execution of an obfuscated **PowerShell** command that launches a loader responsible for displaying a decoy document, while preparing the environment for the execution of the Python stealer. The malware then establishes persistence through a combination of a **VBScript** file and a scheduled task, as before.
### BusySnake Stealer Capabilities
The stealer, called **BusySnake**, implements multiple evasion techniques to complicate static analysis and sidestep detection. Its primary goal is to establish communication with a **C2** server and then await incoming instructions. It also supports the following functionality:
* Steal data from the system clipboard.
* Enumerate files across the system and log their metadata in a local database.
* Upload user documents to the **C2** server.
* Capture screenshots and stage them in a local directory.
* Archive captured screenshots and remove previously created archives from the disk.
* Prevent multiple instances of the stealer from running concurrently on the infected host.
* Ensure persistence by checking if the scheduled task exists, and if not, drop a **VBScript** to register a new scheduled task.
Furthermore, the commands issued by the **C2** server allow it to take screenshots at a designated interval, log keystroke data, gather cryptocurrency wallet files with a **JSON** extension, collect **Telegram** session and credential data, establish a reverse **SSH** tunnel using **Go2Tunnel**, install **RustDesk**, and extract cookies from **Mozilla Firefox** and **Chromium**-based browsers, along with passwords.
If **RustDesk** is already installed on the machine, the open-source remote desktop software is started, and the victim is prompted to enter their credentials, following which the stealer grabs a screenshot of the credentials and exfiltrates it to the **C2** server.
"The malware dynamically decrypts its bytecode only at the exact moment a function is called, re-encrypting the data immediately afterward," **Kaspersky** said. "Additionally, the malware runs in the background without spawning a console window, as indicated by its **PYW** file extension."
**Kaspersky** said it also identified a newer version of **BusySnake** that iterates upon the predecessor's architectural design to include a new task-management framework to handle incoming **C2** commands and dynamically assign them operational statuses, such as SCHEDULED, IN_PROGRESS, SUCCEEDED, or FAILED, for improved reporting back to the server.
The threat actor's ties to **Eagle Werewolf** also stem from overlaps between **AquilaRAT** and **BusySnake Stealer**, particularly in the manner both malware families receive tasks from the **C2** server, register persistence via scheduled tasks, and utilize similar endpoints for **C2** communications.
There are also signs that the first-stage payloads comprising loaders and stagers were likely generated with assistance from artificial intelligence (**AI**) tools, given the presence of redundant comments and code blocks.
"This campaign highlights several concurrent trends: the growing technical maturity of **Armored Likho**, tool polymorphism, and a shift toward more complex schemes aimed at bypassing security solutions β ranging from Python source code obfuscation to embedding network mechanisms directly into the malware code," **Kaspersky** said.
"In parallel, the group is aggressively refining and modifying its core toolkit. While **Go2Tunnel** previously operated as a standalone utility, its reverse-tunneling functionality has now been integrated directly into the stealer as a built-in feature that ingests parameters from the **C2** server."