Fileless malware continues to evade modern defenses due to its stealthy nature and reliance on legitimate system tools for execution. This approach bypasses traditional disk-based detection by operating in memory, making these threats harder to detect, analyze, and eradicate. A recent incident culminated in the deployment of AsyncRAT, a powerful Remote Access Trojan (RAT), through a multi-stage fileless loader. In this blog, we share some of the key takeaways from this investigation.