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New HollowGraph Malware Uses Microsoft Graph for Stealthy C2 Comms

Group-IB said the .NET implant hid tasking and stolen files in Outlook calendar events while refreshing credentials through DNS tunneling.

  • Researchers from Group-IB discovered HOLLOWGRAPH, a malware component that abuses the Microsoft Graph API to turn Microsoft calendars into a covert "dead drop" for espionage, stashing stolen files and commands in appointments dated May 13, 2050.
  • HOLLOWGRAPH avoids exploiting specific software flaws, instead blending into legitimate cloud traffic by wrapping malicious command-and-control requests within standard Microsoft Graph API calls that resemble regular Microsoft application activity.
  • Group-IB identified 12 infected systems during observation, with the malware retrieving Entra credentials over a DNS tunneling channel while fetching instructions from calendar events and depositing stolen files into new appointments.
  • The compromised mailbox belonged to an Israeli organization with samples uploaded from Israel; Group-IB noted similarities to the Iranian-linked espionage group Lyceum, though researchers expressed only low confidence in that attribution.
  • Investigators linked HOLLOWGRAPH to the Cavern framework with high confidence, citing matching command formats; the evidence suggests this operation functions as a focused espionage campaign rather than a broad, indiscriminate attack.
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HollowGraph malware represents a new generation of advanced threats that exploit legitimate cloud computing services to hide malicious activities. Instead of relying on traditional (C2) command and control servers, easily blocked by security solutions, this threat uses Microsoft 365's daily resources, transforming calendar events and the Microsoft Graph API into discrete channels to receive instructions and transmit stolen information. This appr…

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BleepingComputer broke the news in Melville, United States on Monday, July 20, 2026.
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