Threats Feed|MuddyWater|Last Updated 21/01/2026|AuthorCertfa Radar|Publish Date10/01/2026

MuddyWater Malware Exposes Developer Build Artifacts Through Poor OPSEC

  • Actor Motivations: Espionage,Exfiltration
  • Attack Vectors: Dropper,Malicious Macro,Spyware,Trojan,Spear Phishing
  • Attack Complexity: Medium
  • Threat Risk: Unknown

Threat Overview

The report analyzes a newly observed MuddyWater malware sample that exposes extensive build and development artifacts due to improper binary stripping. Delivered via a malicious Word document containing VBA macros, the payload reconstructs and executes a Rust-based executable on disk. Analysis of leftover strings reveals detailed insights into the actor’s development environment, including a Windows-based build host, MSVC Rust toolchain, local Cargo usage, and a recurring username embedded in build paths. These artifacts indicate locally compiled tooling with minimal release hardening and weak OPSEC. The findings highlight how developer mistakes can provide durable fingerprints for clustering, campaign tracking, and long-term threat hunting, beyond traditional infrastructure indicators.

Detected Targets

TypeDescriptionConfidence
SectorGovernment Agencies and Services
Verified
SectorTelecommunication
Verified
RegionMiddle East Countries
Verified
RegionEuropean Countries
Verified

Extracted IOCs

  • 7523e53c979692f9eecff6ec760ac3df5b47f172114286e570b6bba3b2133f58
  • f38a56b8dc0e8a581999621eef65ef497f0ac0d35e953bd94335926f00e9464f
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Tip: 2 related IOCs (0 IP, 0 domain, 0 URL, 0 email, 2 file hash) to this threat have been found.

FAQs

How Developer Mistakes Exposed a MuddyWater Malware Toolchain

A malware sample attributed to MuddyWater was found to contain developer artifacts that revealed extensive information about how the malware was built.

The Iranian state-linked APT group MuddyWater, known for targeting governments and critical infrastructure, is responsible for this malware.

The goal was espionage. The malware was embedded in a Word document to infect targets and possibly exfiltrate sensitive data.

Yes. The malware developer forgot to remove build information, exposing usernames, local file paths, and toolchain details.

Through a Word document with a VBA macro that writes a Rust-based executable to disk and then runs it.

We learned that the malware was built on Windows using Rust and Visual Studio tools, with no use of secure or automated build systems.

These artifacts help defenders link this malware to others using the same environment, improving long-term tracking of the threat actor.

This appears to reflect broader operational weaknesses within MuddyWater’s development process, not just a one-time mistake.

Be cautious with macro-enabled documents, enhance endpoint monitoring for unusual file drops, and use threat intelligence to identify reused tooling patterns.