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CybercrimeFinancialIntermediate sophistication

Water Kappa

Water Kappa is a cybercrime syndicate with a financial motive, tracked by Brandefense. It targets the Technology and Finance sectors in Japan. It uses 7 MITRE ATT&CK techniques.

Techniques
7
Exploited CVEs
No CVE data
First seen
Aug 9, 2021
Last seen
Aug 9, 2021
Record updated

Who They Target.

Sectors · 2
Countries · 1

How They Operate · MITRE ATT&CK.

7 techniques across 4 of 14 tactics

Reconnaissance·

Resource Development·

Initial Access1

T1204.002
User Execution: Malicious File

Execution2

T1218.011
System Binary Proxy Execution: Rundll32
T1574.002
Hijack Execution Flow: DLL Side-Loading

Persistence·

Privilege Escalation·

Defense Evasion3

T1027
Obfuscated Files or Information
T1036.005
Masquerading: Match Legitimate Resource Name or Location
T1090.003
Proxy: Multi-hop Proxy

Credential Access1

T1056.001
Input Capture: Keylogging

Discovery·

Lateral Movement·

Collection·

Command and Control·

Exfiltration·

Impact·

Arsenal · Malware And Tools.

  • Cinobimalware
  • Bottletool
  • Tortool

Campaigns.

  1. Operation OvertrapAug 2021

Indicators Of Compromise.

TLP:AMBER

30 indicators on the Brandefense platform

IP, domain and hash indicators · YARA rules · ATT&CK Navigator export

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About Water Kappa.

A financially motivated cybercriminal threat group known for targeting Japanese users and financial entities with the Cinobi banking trojan using exploit kits and malvertising.

Last updated Oct 19, 2026. Compiled by Brandefense technologies from structured threat intelligence and reviewed by Brandefense analysts. Techniques follow the MITRE ATT&CK framework.