A computer hacker is seen with device screens.
Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Thursday, April 18.
Full Video Transcript Below:
CAROLINE WOODS: I’m Caroline Woods reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
Investors are digesting some key corporate earnings, with streaming giant Netflix having reported after the closing bell. On Friday, Wall Street will be looking forward to earnings from American Express and Proctor and Gamble. As of Thursday’s open, more than 11 percent of S&P 500 companies have released results and of those, 72 percent have surpassed Wall Street estimates.
In other news, a collaborative effort from law enforcement in 19 countries has taken down an online platform that profited from selling phishing tools to cybercriminals.
The website, called LabHost, was created in 2021. It allowed hackers to set up fake sites that were aimed at gathering a user’s personal information. The UK’s Metropolitan Police said 37 people were arrested and more than 70 locations were searched in connection with the scheme. The platform, LabHost, charged users $249 a month for access to its services.
According to the EU’s law enforcement agency Europol, LabHost made more than $1 million in payments from criminals. In a statement, the agency said, “Depending on the subscription, criminals were provided an escalating scope of targets from financial institutions, postal delivery services and telecommunication services providers, among others.”
More than 2,000 people were registered for the site – and that has led to the creation of 40,000 phishing domains worldwide. Europol says LabHost was able to obtain 480,000 bank card numbers, 64,000 PIN numbers, and more than one million passwords to other websites and services.
That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Caroline Woods with TheStreet.
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