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Mustang Panda Strikes Again: USB Malware Madness and Spear-Phishing Shenanigans in APAC
Mustang Panda, China’s infamous state-sponsored hacker group, is back with USB-based malware and spear-phishing campaigns targeting APAC government entities. Their new tactics involve self-propagating worms and multistage downloaders, making them the cyber-espionage equivalent of a Swiss Army knife—if the knife also stole your data and…

Hot Take:
Move over, Stuxnet! Mustang Panda is back with a vengeance, armed with USBs and spear-phishing schemes that even James Bond would envy. It’s a malware fiesta, and everyone’s invited—provided you’re a government entity in the APAC region.
Key Points:
- Mustang Panda is using USB drives and spear-phishing to spread new malware.
- Targets include government agencies across the APAC region.
- The malware PUBLOAD, delivered via a worm called HIUPAN, is the primary tool.
- Spear-phishing campaigns deliver multi-stage malware chains.
- Trend Micro advises continuous vigilance and updated defenses against these sophisticated attacks.