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Trend Micro's attribution of the malware strains to the threat actor is based on the similarities in source code, domains, and naming conventions, with the analysis also uncovering functional overlaps between them.

Bill Malik, VP of infrastructure strategies at Trend Micro, pointed out that other team members will invariably have access to this platform — those who are knowledgeable about data safety and those who are not.

A recent report by Trend Micro warned of the existence of the darkverse, which is the dark web brought to the metaverse. Due to the lack of oversight from regulators and law enforcement, the darkverse is a space for underground marketplaces, criminal communications, and illegal activities.

Trend Micro says the profit made by Water Labbu is estimated to be at least $316,728 based on transaction records from nine identified victims.

Bloomberg Intelligence Senior Analyst Mandeep Singh is hosting Trend Micro's COO and President of North America, Kevin Simzer to talk about the latest trends in cybersecurity and how the company plans to fend-off CrowdStrike.