9/22/26, 11:03 AM
Myanmar Cyber Threat Landscape, 2016–2026: A Public-Source Review — Malware INFO Blog
Zscaler ThreatLabz, Mustang Panda: ToneShell and StarProxy and PAKLOG, CorKLOG, and
SplatCloak, April 16, 2025.
Burma News International, Myanmar junta tightens data security after massive leak of nonCDM staff records, September 8, 2025.
Kaspersky, Kaspersky reveals new HoneyMyte APT campaigns and toolset, January 27,
2026.
The Star, Old AYA Bank application portal suffers limited data leak in Myanmar; core
banking systems unaffected, June 26, 2026.
Seqrite Labs, Operation QUICSILVER: China-Nexus Actor Targets Myanmar Diplomats via
VHD-Delivered Go Backdoor, August 17, 2026.
MM-CERT, Operation QUICSILVER defensive guidance, August 28, 2026.
Posts and Telecommunications Department, Statistical Information, workbook accessed
September 1, 2026.
Myanmar Cyber Threat Intelligence
Data Exposure Cybercrime
Public-Source Research
APT
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M A LWA R E I N F O R E S E A R C H
M A LWA R E I N F O • AWA R E N E S S
Pension-Themed Spear Phishing
Ransomware
From an official-looking letter to a possible SideWinder connection
Evidence is classified at every step: observed · code-derived · AnalystModified · not observed
Beyond Encrypted
Files
IDENTITY
RISK
DATA THEFT
Availability is only one part of the incident.
OBSERVED
CODE-DERIVED
OBSERVED + MODIFIED
01 DELIVERY + RECOVERY
02 INTENDED HOST CHAIN
03 RUNTIME + INTEL PIVOT
Government-letter lure
VBS + BAT staging
Myanmar-gated GitHub flow
Password 0035 · selected audience
%LOCALAPPDATA% placement
Marker GET · empty PUT · verify GET
Word → embedded DellHeuristics.exe
Startup script + scheduled task
IOC: 88.119.161[.]40
Artifact lineage confirmed
Victim-side completion not proven
SideWinder plausible, not confirmed
ENCRYPTION
LOST TRUST
DISRUPTION
Proof boundary
Direct EXE runs · PID 1608 post-gate flow AnalystModified · no separate C2 observed · attribution remains unproven
Recover data • contain access • rebuild trust
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THREAT RESEARCH
CYBERSECURITY AWARENESS
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18/19