Hackers using private financial information to extort people

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San Francisco, Nov 3 | The US has warned that ransomware hacking groups are now targeting companies involved in “significant, time-sensitive financial events” and people whose private financial information they have gained access to.

In a latest advisory to private firms, the Federal Bureau of Investigation (FBI) said that ransomware actors are very likely using significant financial events, such as mergers and acquisitions, to target and leverage victim companies for ransomware infections.

“Prior to an attack, ransomware actors research publicly available information, such as a victim’s stock valuation, as well as material nonpublic information. If victims do not pay a ransom quickly, ransomware actors will threaten to disclose this information publicly, causing potential investor backlash,” the FBI said in its report.

During the initial reconnaissance phase, cyber criminals identify non-publicly available information, which they threaten to release or use as leverage during the extortion to entice victims to comply with ransom demands.

If victims do not pay a ransom quickly, ransomware actors will threaten to disclose this information publicly, causing potential investor backlash.

The FBI said it has identified several cases of ransomware groups using information on an ongoing merger or acquisition negotiation to put pressure on the firms to pay up.

In early 2020, a ransomware actor using the moniker “Unknown” made a post on the Russian hacking forum “Exploit” that encouraged using the NASDAQ stock exchange to influence the extortion process.

Following this, unidentified ransomware actors negotiating a payment with a victim during a March 2020 ransomware event stated: “We have also noticed that you have stocks. If you will not engage us for negotiation we will leak your data to the nasdaq and we will see what’s gonna (sic) happen with your stocks.”

Between March and July 2020, at least three publicly traded US companies actively involved in mergers and acquisitions were victims of ransomware during their respective negotiations.

In April this year, Darkside ransomware actors posted a message on their blog site to show their interest in impacting a victim’s share price.

The message stated: “Now our team and partners encrypt many companies that are trading on Nasdaq and other stock exchanges. If the company refuses to pay, we are ready to provide information before the publication, so that it would be possible to earn a reduction in the price of shares. Write to us in ‘Contact Us’ and we will provide you with detailed information.”

The FBI said that paying a ransom emboldens adversaries to target additional organisations, encourages other criminal actors to engage in the distribution of ransomware, and/or may fund illicit activities.

Paying the ransom also does not guarantee that a victim’s files will be recovered.

“However, the FBI understands that when businesses are faced with an inability to function, executives will evaluate all options to protect their shareholders, employees, and customers,” it said.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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