Massive scam website taken down by law enforcement officials

The Street
The Street
  • 5 months ago
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

🥇
Sports
Transcript
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]

Recommended

1:31
I
Up next
Netflix’s password sharing crackdown is working
The Street
1:42
Hackers wreak havoc on the auto industry
The Street
2:24
Three Mile Island to reopen in 2028
The Street
2:43
This is the biggest financial regret among retirees
The Street
1:46
Google closes in on its biggest deal yet
The Street
1:43
Boeing pleads guilty to defrauding the FAA
The Street
1:51
Judge strikes down ban on “noncompete” agreements
The Street
1:56
Judge rules Google violated antitrust laws with its search business
The Street
1:58
Crypto hacks are on the rise
The Street
1:38
Foot Locker surges as sneaker heads prepare to pay full price
The Street
2:16
SEC warns public over unlicensed investment firms
ABS-CBN News
1:40
Millions of Americans are at risk of losing internet access
The Street
2:02
Is PornHub’s Acquisition a Scam?
Bullish Studio
1:51
DOJ to sue Live Nation over antitrust claims
The Street
1:30
Bitcoin self-proclaimed “founder” in trouble for alleged perjury
The Street
2:30
Nvidia, Cybersecurity Stocks, Didi Global - On TheStreet Tuesday
The Street
1:32
Officials warn of new card draining scam - How to protect yourself
The Street
1:54
U.S. sues RealPage, alleges collusion to keep rents high
The Street
1:46
The social security numbers of every American may have been stolen
The Street
1:46
The DOJ wants to break up alleged Live Nation/Ticketmaster monopoly
The Street
1:53
Build-A-Bear sued by Squishmallows over intellectual property theft
The Street
1:36
This is the biggest threat to the U.S. economy
The Street
1:50
GameStop brings in $2 billion after selling 75 million shares
The Street
1:44
Looming dockworkers strike could threaten U.S. economy
The Street
1:58
GameStop, AMC make a roaring comeback
The Street