Decompiling Lua binaries may already be needed, developed, and maintained by antivirus companies, notably because Lua engines are being integrated in many web servers (sometimes usable in private visitor space, and shared by them, opening a door to malware injection, that may be difficult to find, even if these servers are using Lua script cripts compiled locally).However there's a difficulty: the Lua VM does not have a stable sepcification for its compiled binaries, and integrating Lua inside a server component may as well be tweaked specifically for the serverside software implemeing it.
There are however major target implementations, notably in game servers where users can install additional "Mod" component to tweak games or create variations. Modding games is a very active component of the gaming community, and it is also generating growing revenues, that hackers may attempt to steal and monetize for themselves (e.g. for stealing user credentials, or to create cheating bots to profit of the network, even to target users that use some Lua-tooled games, in addition to other games without Lua but sharing many user data components, including for social networking, as many active gamers play or try lot of games and mods proposed on online gaming platforms: the interest for hackers may be even more critical regarding
privacy and user data). Gaming plateforms may then need to invest time to secure their platform and keep their business model alive in a very competitive market.
Decompilers are general tools for use within all security companies. But it's hard to work with Lua if its specifications are constantly changing and adding new features and incompatibilities across versions, because suc decompiling tools need to target not just Lua versions, but also many target implementations and integration toolkits used in serverside servers, but also now in client-side applications such as games with many specific tweaks per application and platform.
Is there an ongoing joint effort about improving security and stability in Lua (possibly with the parallel development of compatiblity compatiblity layers that could support more versions, secure them with common security goals, and share common best practives, plus some tools to evaluate and detect defects in existing Lua source scripts, e.g. those shared on LuaRocks, and possibly other third party development platforms like GitHub)? This effort should not depend only on large private platforms, but should be open to other open source communities.