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Report
Massive scam website taken down by law enforcement officials
The Street
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4/18/2024
TheStreet’s Caroline Woods brings you the biggest news of the day, including what investors are watching and a massive scam website gets taken down by law enforcement.
Category
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Sports
Transcript
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00:00
I'm Caroline Woods reporting from the New York Stock Exchange.
00:03
Here's what we're watching on the street today.
00:05
Investors are digesting some key corporate earnings
00:08
with streaming giant Netflix having reported
00:10
after the closing bell.
00:12
On Friday, Wall Street will be looking forward
00:14
to earnings from American Express and Procter & Gamble.
00:17
As of Thursday's open, more than 11% of S&P 500 companies
00:21
have released results, and of those,
00:23
72% have surpassed Wall Street's estimates.
00:26
In other news, a collaborative effort
00:28
from law enforcement in 19 countries
00:31
has taken down an online platform that
00:33
profited from selling phishing tools to cyber criminals.
00:37
The website, called Labhost, was created in 2021.
00:40
It allowed hackers to set up fake sites
00:43
that were aimed at gathering a user's personal information.
00:46
The UK's Metropolitan Police said 37 people were arrested,
00:50
and more than 70 locations were searched in connection
00:53
with the scheme.
00:54
The platform charged users $249 a month
00:57
for access to its services.
00:59
According to the EU's law enforcement agency, Europol,
01:02
Labhost made more than $1 million
01:05
in payments from criminals.
01:06
In a statement, the agency said, quote,
01:08
"Depending on the subscription, criminals
01:10
were provided an escalating scope of targets
01:13
from financial institutions, postal delivery services,
01:16
and telecommunications services providers, among others."
01:20
More than 2,000 people were registered for the site,
01:23
and that has led to the creation of 40,000 phishing
01:26
domains worldwide.
01:28
Europol says Labhost was able to obtain 480,000 bank card
01:32
numbers, 64,000 PIN numbers, and more than 1 million passwords
01:37
to other websites and services.
01:40
That'll do it for your daily briefing from the New York Stock
01:42
Exchange.
01:43
I'm Caroline Woods with The Street.
01:45
[BLANK_AUDIO]
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