- Microsoft Corp (NASDAQ:MSFT) confirmed blocking Visual Basic Applications (VBA) macros in Office apps by default from July 27.
- Microsoft had quietly rolled back the change earlier this month, citing unspecified “user feedback,” the TechCrunch reports.
- Microsoft believed that the initial rollout in June caused issues for organizations using macros to automate routine processes, such as data collection or running specific tasks.
- Microsoft acknowledged pausing the rollout to make some additional changes to enhance usability.
- Microsoft shared plans to disable macros by default in February to prevent threat actors from abusing the feature and delivering malware via email attachments.
- Earlier this year infamous hacker group Lapsus$ claimed to have stolen the source code for the Bing search engine and Cortana voice assistant.
- Microsoft security chief Charlie Bell had emphasized the importance of solving cyberattacks by adopting the cloud.
- The tech giant has been through a lot lately, including slashing down its earnings outlook, hiring slowdown, and reports of Azure data centers operating with limited server capacity amid a global supply crisis.
- Price Action: MSFT shares traded lower by 0.72% at $262.94 on the last check Friday.
Gold Jumps Over 2%; Wells Fargo Earnings Top Views
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Friday.
The Dow traded down 0.82% to 38,143.73 while the NASDAQ fell 1.16% to 16,252.28. The S&P 500 also fell, dropping, 0.98% to 5,147.87.
