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Key Findings Three China-linked threat clusters targeted a Southeast Asian government organization throughout 2025 in a sophisticated, well-resourced cyber campaign Mustang Panda (Stately Taurus) deployed PUBLOAD malware via USB-infected drives between June and August 2025 CL-STA-1048 cluster operated from March to September 2025, using multiple espionage tools including EggStremeFuel, MASOL RAT, and TrackBak Stealer CL-STA-1049 cluster active in April and August 2025 used th

Key Findings Threat actors affiliated with China have been attributed to a fresh set of cyber espionage campaigns targeting government and law enforcement agencies across Southeast Asia throughout 2025. The activity cluster, tracked by Check Point Research under the moniker "Amaranth-Dragon," shares links to the APT 41 ecosystem. Targeted countries include Cambodia, Thailand, Laos, Indonesia, Singapore, and the Philippines. The campaigns were timed to coincide with sensitive