Security researchers have uncovered sophisticated obfuscation techniques employed by APT28, a Russian-linked advanced persistent threat (APT) group, in their HTA (HTML Application) Trojan.
The analysis, part of an ongoing investigation into APT28’s cyber espionage campaigns targeting Central Asia and Kazakhstan, highlights the group’s use of multi-layered obfuscation and the VBE (VBScript Encoded) technique to evade detection.
Technical Analysis of the HTA Trojan
The malware sample analyzed (MD5: d0c3b49e788600ff3967f784eb5de973) revealed an intricate decoding mechanism embedded within the HTA Trojan.
Researchers noted that the obfuscated code leveraged unique string-splitting patterns, such as “@#@,” to obscure its functionality.

By using debugging tools like x32dbg, analysts were able to reverse-engineer the malware’s decoding algorithm.
The process involved iterative comparison loops that manipulated memory registers (EDX and EAX) to deobfuscate individual characters.
The decoding logic relied on a custom mapping algorithm that transformed obfuscated strings into readable text.


The address range for this transformation was identified as 6DB59CF0 to 6DB59FF0, with embedded characters dynamically selected during execution.
This approach allowed the malware to remain concealed while executing its malicious payload.
Exploiting Microsoft’s VBE Encoding
The investigation revealed that APT28 utilized Microsoft’s Windows Script Encoder (screnc.exe) to encode VBScript (.vbs) files into .vbe format.
This technique, originally designed to protect script files from unauthorized access, was repurposed by the threat actors to hinder analysis.
The encoded .vbe files contained flags such as “#@~” and “#@~$,” which were decoded using publicly available Python scripts like “vbe-decoder.py.”
Upon deobfuscation, researchers uncovered a VBScript file (MD5: f3b5da6704f014c741fcbb8c59d3bfb0) that served as the final stage of the malware.
This script executed additional payloads designed for espionage purposes.
The use of VBE encoding underscores APT28’s ability to adapt legitimate tools for malicious activities, complicating detection efforts for security teams.
The findings highlight APT28’s ongoing efforts to refine its obfuscation techniques in pursuit of cyber espionage objectives.
By combining multi-layered obfuscation with VBE encoding, the group demonstrates a high level of technical sophistication aimed at bypassing traditional detection mechanisms.
These tactics pose a significant threat to organizations in targeted regions and beyond.
Security professionals are urged to remain vigilant and implement robust detection strategies capable of identifying advanced obfuscation methods.
The research underscores the importance of continuous monitoring and analysis to counter evolving threats from state-sponsored actors like APT28.
- Files:
- MD5: d0c3b49e788600ff3967f784eb5de973
- SHA256: 332d9db35daa83c5ad226b9bf50e992713bc6a69c9ecd52a1223b81e992bc725
- Network:
APT28’s use of advanced obfuscation techniques exemplifies their commitment to evading detection while carrying out cyber espionage campaigns.
As these tactics evolve, collaboration between researchers and organizations will be critical in mitigating their impact on global cybersecurity.
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