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Anchor, Bazar, and the Trickbot connection
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Anchor, Bazar, and the Trickbot connection

Daniel Frank (Cybereason) & Lior Rochberger (Cybereason)
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In March, a new loader emerged that lures its victims with double extension executables, pretending to be legitimate PDF and DOC files downloaded from Google Drive. Sound familiar? That’s right, the Trickbot gang is back with a couple of new tricks up its sleeve after dropping the Anchor malware in late 2019.

In our presentation, we will dive into the Trickbot gang’s arsenal, focusing on the efforts made into developing two of their latter malware variants, Anchor and Bazar Loader, which emerged in 2020.

First, we will go over the Trickbot gang timeline from when they became famous in 2016 through to today, briefly reviewing their go-to tools. Second, we will review Anchor and Bazar Loader. We will present their development cycles and just how much the authors invested in advanced obfuscation and evasion techniques. We will see how the threat actors were determined to hinder their analysis, improving that aspect of their code from one development cycle to another. Finally, we will dive into some of the more interesting similarities among the different malware variants presented and how these similarities point us to the conclusion that these popular malware variants were all developed by the notorious Trickbot gang.
Daniel Frank
Cybereason Daniel Frank is the Senior Malware Researcher at Cybereason. With a decade in malware research, Daniel uses his expertise with malware analysis and reverse engineering to understand APT activity and commodity cybercrime attackers. Daniel has previously shared research at RSA Conference, the Microsoft Digital Crimes Consortium, and Rootcon.
Lior Rochberger
Cybereason Lior Rochberger is the Senior Threat Researcher & Threat Hunter at Cybereason. As part of the Nocturnus team at Cybereason, Lior has created procedures to lead threat hunting, reverse engineering and malware analysis teams. Lior has also been a contributing researcher to multiple threat and malware blogs including Bitbucket, Valak, Ramnit, and Racoon stealer. Prior to Cybereason, Lior led SOC operations within the Israeli Air Force.
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Anchor, Bazar, and the Trickbot connection

Daniel Frank (Cybereason) & Lior Rochberger (Cybereason)
In March, a new loader emerged that lures its victims with double extension executables, pretending to be legitimate PDF and DOC files downloaded from Google Drive. Sound familiar? That’s right, the Trickbot gang is back with a couple of new tricks up its sleeve after dropping the Anchor malware in late 2019.

In our presentation, we will dive into the Trickbot gang’s arsenal, focusing on the efforts made into developing two of their latter malware variants, Anchor and Bazar Loader, which emerged in 2020.

First, we will go over the Trickbot gang timeline from when they became famous in 2016 through to today, briefly reviewing their go-to tools. Second, we will review Anchor and Bazar Loader. We will present their development cycles and just how much the authors invested in advanced obfuscation and evasion techniques. We will see how the threat actors were determined to hinder their analysis, improving that aspect of their code from one development cycle to another. Finally, we will dive into some of the more interesting similarities among the different malware variants presented and how these similarities point us to the conclusion that these popular malware variants were all developed by the notorious Trickbot gang.
Daniel Frank
Cybereason Daniel Frank is the Senior Malware Researcher at Cybereason. With a decade in malware research, Daniel uses his expertise with malware analysis and reverse engineering to understand APT activity and commodity cybercrime attackers. Daniel has previously shared research at RSA Conference, the Microsoft Digital Crimes Consortium, and Rootcon.
Lior Rochberger
Cybereason Lior Rochberger is the Senior Threat Researcher & Threat Hunter at Cybereason. As part of the Nocturnus team at Cybereason, Lior has created procedures to lead threat hunting, reverse engineering and malware analysis teams. Lior has also been a contributing researcher to multiple threat and malware blogs including Bitbucket, Valak, Ramnit, and Racoon stealer. Prior to Cybereason, Lior led SOC operations within the Israeli Air Force.