Windows 11 operating system logo is displayed on a laptop screen for illustration photo.
Beata Zawrzel | Nurphoto | Getty Images
Microsoft said Wednesday that it broke down the Lumma Stealer malware project with the help of law enforcement officials across the globe.
The tech giant said in a blog post that its digital crimes unit discovered over 394,000 Windows computers were infected by the Lumma malware worldwide between March 16 through May 16.
The Lumma malware was a favorite hacking tool used by bad actors, Microsoft said in the post. Hackers used the malware to steal passwords, credit cards, bank accounts and cryptocurrency wallets.
Microsoft said its digital crimes unit was able to dismantle the web domains underpinning Lumma’s infrastructure with the help of a court order from the U.S. District Court for the Northern District of Georgia.
The U.S. Department of Justice then took control of Lumma’s “central command structure” and squashed the online marketplaces where bad actors purchased the malware.
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The cybercrime control center of Japan “facilitated the suspension of locally based Lumma infrastructure,” the blog post said.
“Working with law enforcement and industry partners, we have severed communications between the malicious tool and victims,” Microsoft said in the post. “Moreover, 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.”
Microsoft said that other tech companies like Cloudflare, Bitsight and Lumen also helped break down the Lumma malware ecosystem.
Hackers have been buying the Lumma malware via underground online forums since at least 2022, all while developers were “continually improving its capabilities,” the blog post said.
The malware has become the “go-to tool for cybercriminals and online threat actors” because it’s easy to spread and break through some security defenses with the right programming, the company said.
In one example of how criminals used Lumma, Microsoft pointed to a March 2025 phishing campaign in which bad actors misled people into believing they were part of the Booking.com online travel service.
These cyber criminals used the Lumma malware to carry out their financial crimes in this scheme, the company said.
Additionally, Microsoft said that hackers have used the Lumma to attack online gaming communities and education systems, while other cybersecurity companies have noted that the malware has been used in cyber attacks targeting manufacturing, logistics, healthcare and other related critical infrastructure.
Aravind Srinivas, chief executive officer Perplexity AI, during a news conference at the SK Telecom Co. headquarters in Seoul, South Korea, on Wednesday, Sept.4, 2024.
SeongJoon Cho | Bloomberg | Getty Images
Perplexity AI on Thursday announced that its artificial-intelligence-powered web browser Comet is available worldwide, and will be free to users.
The Comet browser is designed to serve as a personal assistant that can search the web, organize tabs, draft emails, shop and more, according to Perplexity. The startup initially launched Comet in July to Perplexity Max subscribers for $200 a month, and the waitlist has ballooned to “millions” of people, the company said.
Tune in at 8:10 a.m. ET Friday as Perplexity co-founder and CEO Aravind Srinivas joins CNBC TV to discuss the release of its AI browser Comet to users for free. Watch in real time on CNBC+ or the CNBC Pro stream.
Perplexity’s decision to provide Comet for free could help it attract more users as it works to fend off rivals like Google, OpenAI and Anthropic that have their own AI browser offerings.
In September, Google rolled out Gemini in its Chrome browser, Anthropic announced a browser-based AI agent in August and OpenAI announced Operator, an agent that uses a browser to complete tasks, in January. Perplexity made an unsolicited $34.5 billion bid for Google’s Chrome browser in August.
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Perplexity is best known for its AI-powered search engine that gives users simple answers to questions and links out to the original source material on the web. After the company was accused of plagiarizing content from media outlets, it launched a revenue-sharing model with publishers last year.
The company also introduced Comet Plus in August, which is a subscription that gives users access to content from “trusted publishers and journalists,” according to a blog post. Perplexity said Tuesday that CNN, Condé Nast, The Washington Post, Los Angeles Times, Fortune, Le Monde, and Le Figaro are its inaugural publishing partners.
Perplexity said additional features are also on the way. The company teased a mobile version of Comet and a feature called Background Assistant, which can work on multiple tasks simultaneously and asynchronously.
Vlad Tenev, chief executive officer of Robinhood Markets Inc., during the Token2049 conference in Singapore, on Thursday, Oct. 2, 2025.
Bloomberg | Bloomberg | Getty Images
The tokenization of real-world assets, from stocks to real estate, will spread to financial markets around the world, according to Robinhood Markets Chief Executive Officer Vlad Tenev.
“Tokenization is like a freight train. It can’t be stopped, and eventually it’s going to eat the entire financial system,” Tenev told a panel at a crypto conference in Singapore on Wednesday.
“I think most major markets will have some framework in the next five years,” he said, though he added that reaching 100% could take more than a decade.
A tokenized asset is a digital representation of a real-world asset, like stocks, bonds, or commodities, that can be recorded and traded on a blockchain or distributed ledger.
In June, Robinhood began offering more than 200 tokenized U.S. stocks to customers in the European Union, giving them a new way to gain exposure to the underlying assets. The move sent its stock surging to a then-record high.
“I think it will become the default way to get exposure to U.S. stocks outside the U.S.,” Tenev said.
He expects the practice to gain traction once there is greater licensing and regulatory clarity in more jurisdictions.
“I think that will come, starting in Europe, but then expanding to the rest of the world,” he said.
On the other hand, Tenev expects the U.S. to be among the last economies to actually fully tokenize, due to what he calls the greater sticking power of the financial infrastructure.
The crypto industry has long predicted that a mass tokenization of assets on the blockchain was coming, promising greater market efficiency.
And, along with Robinhood’s launch of tokenized stocks, there’s been more signs this year that real implementation is coming, with institutional giants Morgan Stanley and BlackRock signaling interest.
“I actually think cryptocurrency and traditional finance have been living in two separate worlds for a while, but they’re going to fully merge,” Tenev said at the event.
He cited stablecoins — digital currencies designed not to fluctuate wildly, and pegged to a commodity or a fiat currency like the U.S. dollar — as an early example of a tokenized real-world asset.
“I think that crypto technology has so many advantages over the traditional way we’re doing things that in the future there’s going to be no distinction,” Tenev said.