A Chinese-speaking cybercrime group has expanded its targeting to the European space, deploying previously undocumented malware and the Atlas backdoor.

Tracked as TA4922, the threat actor is associated with financially motivated attacks aimed at breaching target networks for fraud, data theft, and the sale of access.

TA4922 has previously targeted organizations in East Asia, but recent campaigns have focused on entities in Germany, Italy, the United Kingdom, and South Africa.

Researchers at cybersecurity company Proofpoint note that TA4922 shares overlaps with activity previously reported as ‘Silver Fox’ and ‘Void Arachne. However, the activity cluster is tracked separately as it is more consistent with cybercrime than espionage.

Since March, TA4922’s activity has increased sharply, and since April, it has shown unprecedented operational diversity and high tempo.