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Microsoft is warning of an emerging threat targeting internet-connected cryptocurrency wallets, signaling a departure in the use of digital coins in cyberattacks.
The tech giant dubbed the new threat “cryware,” with the attacks resulting in the irreversible theft of virtual currencies by means of fraudulent transfers to an adversary-controlled wallet.
“Cryware are information stealers that collect and exfiltrate data directly from non-custodial cryptocurrency wallets, also known as hot wallets,” Berman Enconado and Laurie Kirk of the Microsoft 365 Defender Research Team said in a new report.
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