Microsoft Outlook Hackers are Stealing Crypto from Victims

Cybercriminals are targeting Microsoft Outlook users to steal sensitive data related to their crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term accounts, a report by VICE’s Motherboard revealed.

A group of hackers already attacked Outlook accounts by stealing the credentials of a Microsoft customer support employee. That gave them access to metadata of the email users which includes the subject line of the emails, recipient or senders address and other details without the actual content. The breach was confined to any non-corporate Outlook, Hotmail, or MSN account

However, in recent days, multiple email users came out to reveal that hackers are targeting specific emails related to their cryptocurrency accounts.

Crypto exchange credentials compromised

“The hackers also had access to my inbox allowing them to password reset my Kraken.com account and withdrawal [sic] my Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term,” Jevon Ritmeester, a victim of this breach, told Motherboard.

He even shared breach notification emails and screenshots of email forwarding rules set up by the hackers with the publication. In his case, any email with the keyword “Kraken” was redirected to an unknown Gmail account.

Ritmeester lost 1 Bitcoin worth around $5,000 stored in his Kraken account to the hackers.

Many other victims also took to social media to share their experiences with the massive breach of data.

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Microsoft's response

Earlier, the tech giant already confirmed about the meta-data breach. Now, the company is addressing the new issue and, in an email to the publication, wrote: “Customers who believe they have been impacted beyond what was outlined in the company’s notification should contact the Microsoft support team for assistance.”

The victims, however, are not fully convinced with Microsoft's approach towards the issue.

"I think Microsoft talks about this way to lightly [sic] about this leak and I think there are a lot of users who have suffered damage in one way or another as there is a lot of sensitive information in an inbox," Ritmeester added. "I am planning to at least file a police report and thinking about holding Microsoft liable for the financial damage and the fact that a lot of my personal information may get leaked in the near future."