The malware relies on the tried and true tactic of sending emails with poisoned files that are disguised as payment reports, shipping details, employment opportunities, and the like. Of course, that's just the cover. If an unwitting recipient opens these corrupted files, instead of gaining access to the promised information, they'll unknowingly install another dreaded malware strain, Trickbot.
Trickbot is a nasty piece of work, capable of spreading laterally throughout a network, compromising an increasing number of machines. On every machine it infects, it will look for and harvest login credentials and cookies from browsers. They pay particular attention to banking credentials, but happily harvest anything else as well.
In addition to that, it will steal OpenSSH keys and Active Directory Services databases and the like. Worst of all, once it has stolen everything it finds of interest, it opens a reverse shell on the network, giving access to groups in control of the Conti and Ryuk ransomware strains. This second group of hackers will gleefully descend on the now fully compromised network, stealing yet more files before encrypting everything and demanding a hefty ransom. It's a one-two punch that can devastate any business.
Needless to say, this is a true nightmare scenario you don't want to live through. Be sure your employees and IT staff are on high alert. An Emotet/Trickbot attack is something to be avoided at all cost.