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Microsoft CDR (CAD Hedged)
Symbol MSFT
Shares Issued 24,850,000
Close 2026-01-14 C$ 32.70
Market Cap C$ 812,595,000
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Globe says Microsoft chases service fuelling cybercrime

2026-01-15 07:34 ET - In the News

The Globe and Mail reports in its Thursday, Jan. 15, edition that Microsoft has taken legal action against a subscription service that is allegedly fuelling cybercrime globally. The Globe's Alexandra Posadzki writes that Microsoft said a court has authorized it to seize the domains associated with RedVDS, an on-line service selling access to virtual private servers that Microsoft alleges are being used by cybercriminals. Canada is the second-most targeted country, after the United States, by the cybercriminals allegedly using RedVDS, Microsoft said. Microsoft's legal case against RedVDS, unsealed on Wednesday, is part of the company's ongoing efforts to combat the rise of cybercrime-as-a-service. Microsoft digital crimes unit director Steven Masada said: "Cybercrime runs on shared services, kind of like traditional, legitimate businesses. This action is about taking away the systems and the infrastructure that the criminals rely upon, instead of just trying to chase the individual actors. ... RedVDS is one of those facilitators. It's an enabler used by hundreds of cybercriminals around the world to deploy a wide array of cybercrimes -- mass phishing, payment diversion fraud, traditional fraud and scams, you name it."

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