Lacking any other information about the cable itself, I'd guess it could actually be Ethernet.
Earlier twisted-pair Ethernet standards (for 10 Mbps and 100 Mbps) only used two pairs for data transfer – pair 3/6 was used for receiving data from hub/switch to host, pair 1/2 (not 7/8) for sending data to hub/switch. The other two pairs were completely unused and often the Ethernet ports even physically lacked the pins.
This meant some manufacturers would decide to save on copper by not putting the unused pairs in cables in the first place. (Although, if it really was meant to be Ethernet cable, the standard pair colors would be orange and green instead.)