Hardware Trojans have drawn the attention of academia, industry and government agencies. Effective detection mechanisms and countermeasures against such malicious designs can only be developed when there is a deep understanding of how hardware Trojans can be built in practice, in particular Trojans specifically designed to avoid detection... In this work, we present a mechanism to introduce an extremely stealthy hardware Trojan into cryptographic primitives equipped with provably-secure first-order side-channel countermeasures. Once the Trojan is triggered, the malicious design exhibits exploitable side-channel leakage, leading to successful key recovery attacks. Generally, such a Trojan requires neither addition nor removal of any logic which makes it extremely hard to detect. On ASICs, it can be inserted by subtle manipulations at the sub-transistor level and on FPGAs by changing the routing of particular signals, leading to \textbf{zero} logic overhead. The underlying concept is based on modifying a securely-masked hardware implementation in such a way that running the device at a particular clock frequency violates one of its essential properties, leading to exploitable leakage. We apply our technique to a Threshold Implementation of the PRESENT block cipher realized in two different CMOS technologies, and show that triggering the Trojan makes the ASIC prototypes vulnerable. (read more)