Microsoft Defender is an app whose objective is to defend against malware, but what happens when malware outsmarts it?

We’ve all heard the headlines about the volatile world of NFTs, but a new development is that they’re being used to help spread malware. In a particularly extreme case, one PC user thought they were downloading an NFT game, but the only thing which got played was the victim’s Google account. As a result of the Google account being hijacked, the victim ended up losing over $24,000 in cryptocurrency.

This incident, as with many other scams, relied on a momentary lapse of judgement, so we’re going to put it under the spotlight to see what we can learn.

How Did an NFT Game Carry Out a Robbery?

The attack started when the victim received a message from a stranger over Telegram, an encrypted messaging service which prides itself on the anonymity it provides users. The message urged the victim to download a blockchain game called Orbit Unit. Deciding that the message was harmless and the recommendation worthy of investigation, the victim downloaded Orbit Unit and installed it.

Unfortunately, the download was fake and riddled with malware. Once activated, the malware went on to install a malicious Chrome extension. Housed within the Chrome browser, the extension was titled Google Keep Chrome Extension, in an attempt to mimic the genuine Google note keeping app. The malicious app certainly fulfilled its promise of taking notes but did so in a way which compromised the victim’s data. All data entered into Chrome, be it login credentials, cookies, or browser history, was harvested by the malware.

For the victim, it was particularly frustrating as they had Malwarebytes on their PC and it failed to detect the malware. This has been attributed to the victim most likely having the free version of Malwarebytes, where real-time protection isn’t activated. What they did have, though, was Microsoft Defender, an app which promises to help “individuals and families protect their personal data and devices.” In this instance, Microsoft Defender failed spectacularly.

The threat actor behind the malware was able to access the victims Google passwords through Chrome and gain access to their cryptocurrency wallets. It was from here that they were able to steal $24,000 worth of cryptocurrency.

Staying Safe When Malware Protection Fails

You and your employees may not deal in cryptocurrency, but this cyberattack demonstrates the importance of being able to identify a potential attack and protect your data. Therefore, make sure you practice these best security practices:

For more ways to secure and optimize your business technology, contact your local IT professionals.

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