INSUBCONTINENT EXCLUSIVE:
Tech giant Microsoft says it has taken legal action against the information-stealing malware Lumma Stealer and has blocked thousands of
underground forums since 2022 and that it has undergone multiple upgrades since its launch.Domains seized by Microsoft
based Lumma infrastructure.Lumma is a malware tool that allows malicious actors to steal everything from passwords, credit card information,
bank account details, and crypto wallet information.Between March 16 and May 16, Microsoft said it identified over 394,000 Windows computers
infected by the Lumma malware and worked with law enforcement agencies and cybersecurity firms to sever communications between the tool and
the infected devices.Crypto drainers are software designed to steal the contents of crypto wallets and are common on phishing sites,
malicious extensions, fake airdrops and more.Earlier this week, Chinese printer manufacturer Procolored had reportedly distributed
Bitcoin-stealing malware alongside its official drivers, resulting in the loss of around $953,000 worth of crypto.Related: Beware of
product, allowing unsophisticated bad actors to rent the service for as little as $100.A Feb
7 report from blockchain analytics firm Chainalysis said that almost $51 billion worth of crypto was lost in 2024 due to fraudulent activity
cyber arm reported that Americans lost around $9.3 billion in 2024 through crypto scams and frauds
The most vulnerable age group was above the age of 60.Meanwhile, North Korean hackers have stolen nearly $3 billion worth of
cryptocurrencies between 2017 and 2023, which crypto firm Paradigm said have become more sophisticated over the years.Magazine: TradFi is
building Ethereum L2s to tokenize trillions in RWAs
