Microsoft (MSFT) Warns 394,000 Windows Computers Have Been Infected by Malware

Microsoft (MSFT) has issued a warning about the global spread of malware.

The Seattle-based tech giant said in a blog post that its digital crimes unit has discovered over 394,000 Windows computers were infected by the Lumma Stealer malware worldwide between March 16 and May 16. However, Microsoft said it has since broken down the malware project with the help of law enforcement officials around the world.

The Lumma Stealer malware is a favorite hacking tool used by bad actors, Microsoft said in its blog post. Hackers use the malware to steal passwords, credit card numbers, bank accounts, and cryptocurrency wallets. Microsoft’s digital crimes unit was able to dismantle the web domains underpinning Lumma, rendering it useless in the process.

Hackers also use Lumma malware to attack online gaming communities and education systems.

Justice Department

Microsoft said it was aided by the U.S. Department of Justice which took control of Lumma’s “central command structure” and squashed the online marketplaces where hackers had acquired the malware. The company said that other technology companies such as Cloudflare (NET) and Lumen Technologies (LUMN) helped to break down the malware ecosystem.

“Working with law enforcement and industry partners, we have severed communications between the malicious tool and victims,” wrote Microsoft in the post. “More than 1,300 domains seized by or transferred to Microsoft, including 300 domains actioned by law enforcement with the support of Europol, will be redirected to Microsoft sinkholes.”

MSFT stock has gained 8% this year.

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Microsoft’s stock has a consensus Strong Buy rating among 35 Wall Street analysts. That rating is based on 30 Buy and five Hold recommendations issued in the last three months. The average price target on MSFT stock of $511.83 implies 11.71% upside from current levels.

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