SilverFox Targets Japanese Manufacturer with 3-Driver BYOVD Chain and ValleyRAT
Jul 30, 2026
Cybercrime / Threat Intelligence
The Chinese cybercrime group known as Silver Fox has been observed using new drivers as part of bring your own vulnerable driver (BYOVD) attacks targeting a Japanese organization in the industrial manufacturing sector to ultimately deliver ValleyRAT (aka Winos 4.0) for persistent remote access. "In this campaign, the group combines new vulnerable-driver abuse, newly observed abuse of legitimate applications for DLL sideloading, defense evasion, and layered recovery mechanisms to keep ValleyRAT running," Cato Networks researchers Shani Kurtzberg, Tomer Pugach, Dr. Guy Waizel, Zohar Buber, Idan Tarab, and Shani Kurtzberg said in an analysis. The attack chain begins with an invoice-themed phishing lure that uses attacker-controlled content hosted on legitimate QQ and Tencent Cloud services to trigger a DLL side-loading chain via a ZIP archive that paves the way for the deployment of ValleyRAT, but not before leveraging the BYOVD technique to obtain kernel access and impai...