Scam News

Negligence From Microsoft Outlook Allows Hackers To Steal Crypto From Users

In what is becoming interesting developing negligence from Microsoft Outlook, it has seen its users lose their crypto holdings. This is according to a report published on Tuesday by Motherboard.

In January, Microsoft Outlook experienced a massive data breach that saw over 773 million emails and millions of passwords stolen from the platform, an occurrence that repeated its self just two weeks ago. After the second breach, the platform tried to downplay the situation claiming that it had only impacted email metadata and customer information like names of other email addresses the users had communicated with.

However, as it was later discovered that the hackers had also managed to get access to the content of the emails. This happened after hackers got hold of the login details of one of the customer support’s login credentials and from there they went on to access the contents of any non-corporate Hotmail, Outlook and MSN accounts.

The hack saw many Microsoft Outlook users who had crypto holdings lose their coins. One victim by the name Jevon Ritmeester posted on a Tweakers forum that his Kraken account had been compromised and, in the process, he lost over $5,000 in BTC.

He was surprised after visiting Kraken only to find that his password no longer worked. After searching his Outlook email account, he found several notifications of his login details that had been changed in the trash.

Also, the account had been automatically enabled to move any email that mentioned Kraken to the trash and forward it to a Gmail address that was probably owned by the hackers.

Another Outlook user by the name Keats852 earlier this month posted on Reddit that he had lost “25,000 in crypto” even though he didn’t reveal the currency.

The threads led many other users of the platform to reveal similar occurrences with one user going to the extent of claiming “I feel Microsoft is trying to cover up and is not taking this seriously.”

Do you believe Microsoft Outlook is solely to blame for the negligence that saw crypto holders lose their coins or these users should have taken extra security measures like 2FA?

Share your thoughts in the comment section below.

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coinmag

Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.

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