Microsoft warns against ‘Cryware’ info-stealing malware for crypto wallets

Microsoft has warned that a new threat is emerging against online cryptocurrency wallets. Microsoft has dubbed the new threat “cryware,” and these attacks lead to the irreversible theft of virtual currency through fraudulent transfers to adversary-controlled wallets. In a new report, Berman Enconado and Laurie Kirk of Microsoft’s 365 Defense research team say that Cryware is created directly from a non-custodial cryptocurrency wallet (also known as a hot wallet). wallet) information stealers who collect and steal data. Unlike custodial wallets, hot wallets are stored locally on the device, making it easier to obtain the encryption keys needed to execute transactions, so more and more threats are targeting them.