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Trend Micro ZDI: Windows Shell Link zero-day exploited by 11 state-backed groups since 2017

ZDI-CAN-25373 in .lnk files hit by North Korea, Iran, Russia, and China; Microsoft declined to patch as 'not meeting the bar servicing'.

30 September 2026
Trend Micro ZDI: Windows Shell Link zero-day exploited by 11 state-backed groups since 2017

At a glance

3 CVEs1 actor

Vulnerabilities

CVECVSSEPSSKEVPoCPRS risk
CVE-2017-01997.899.5%ExploitedAvailable78 · High
CVE-2017-118827.8100.0%ExploitedAvailable76 · High
CVE-2019-22157.872.1%ExploitedAvailable75 · High

Threat actors

NameTypeOriginMotivation
SidewinderaptIndiaespionage

Technology affected

Google · Play StoreMicrosoft · WindowsMicrosoft · OfficeMicrosoft · Office RTFVirusTotal · VT Diff

Malware & tooling

FileFixShadow VectorSideWinder

Vulnerability details

CVE CVSS EPSS KEV PoC PRS risk
CVE-2017-0199 7.8 99.5% ✅ listed available 77.5 (High)
CVE-2017-11882 7.8 100.0% ✅ listed available 75.5 (High)
CVE-2019-2215 7.8 72.1% ✅ listed available 74.83 (High)

The .lnk zero-day: ZDI-CAN-25373

Trend Micro Zero-Day Initiative has disclosed a new Windows Shell Link zero-day, tracked as ZDI-CAN-25373, that affects the .lnk file format used by the Windows shell to execute arbitrary code when a user opens a crafted shortcut file.

The vulnerability has been actively exploited in the wild since 2017, according to ZDI, and is currently used by 11 state-backed groups spanning North Korea, Iran, Russia, and China. It sits in the same family as CVE-2017-0199 and CVE-2017-11882, which Microsoft has long left unpatched in Office and Windows.

Microsoft declined to ship a patch, citing that the bug does not meet the bar for servicing. That is consistent with the vendor’s pattern on the .lnk and Office RTF zero-days, which have remained unpatched for years despite widespread exploitation.

How the flaw is being exploited

The attack chain starts with a crafted .lnk file delivered to the victim, typically via email or a web download. When the user double-clicks the shortcut, the Windows Shell Link handler processes the file and triggers the zero-day, yielding code execution in the context of the current user.

No additional user interaction is required beyond opening the .lnk. The execution model matches the pattern seen in CVE-2017-0199 and CVE-2017-11882, which Microsoft has left unpatched in Office and Windows for years. Both of those carry a CVSS 7.8 and have been in the wild since 2017, with EPSS scores at 99.5% and 100% respectively, and both are on the CISA KEV list.

Who was hit

The .lnk zero-day is being exploited by 11 state-backed groups: North Korea, Iran, Russia, and China. ZDI says the bug has been in the wild since 2017, which aligns with the CVE-2017-0199 and CVE-2017-11882 pair that Microsoft has left unpatched in Office and Windows for years.

Victors are government entities. The CVEs cover Microsoft Office 2007 SP3 through 2016, plus Windows Vista SP2, Server 2008 SP2, 7 SP1, and 8.1. Both CVEs carry a CVSS 7.8, sit on the CISA KEV list, and have public PoCs. EPSS scores are 99.5% for CVE-2017-0199 and 100% for CVE-2017-11882, putting them in the 100th percentile for exploitation likelihood.

Why Microsoft said no

Microsoft declined to patch the bug, telling ZDI the flaw is "not meeting the bar servicing." That is the vendor’s standard line for the .lnk Shell Link zero-day, which has sat unpatched in Office and Windows since 2017. It is not a standard Office or Windows CVE — it is ZDI-CAN-25373, the new ID for the same family as CVE-2017-0199 and CVE-2017-11882.

The two CVEs are the ones Microsoft has left unpatched for years. Both carry a CVSS 7.8, sit on the CISA KEV list, and have public PoCs. EPSS scores are 99.5% for CVE-2017-0199 and 100% for CVE-2017-11882, putting them in the 100th percentile for exploitation likelihood. The affected products span Microsoft Office 2007 SP3 through 2016, plus Windows Vista SP2, Server 2008 SP2, 7 SP1, and 8.1.

Key points

  • Trend Micro ZDI discloses ZDI-CAN-25373, a Windows Shell Link (.lnk) zero-day.
  • Exploited in the wild by 11 state-backed groups: North Korea, Iran, Russia, and China.
  • Active exploitation dates back to 2017.
  • Microsoft declined to patch, citing 'not meeting the bar servicing'.
  • Affected products include Windows Vista SP2 through Windows 8.1 and Office 2007 SP3 through Office 2016.

Further reading & sources