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3 WAYS TO STEAL CORPORATE CREDENTIALS

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3 WAYS TO STEAL CORPORATE CREDENTIALS 1

Cybercriminals are always on the hunt for user credentials (user name and password). If you have someone’s credentials, you can log into their systems, access valuable data, and perform fraudulent transactions on their behalf.

Credentials are typically extracted by cybercriminals in one of three ways:

The first method uses key-logging malware that captures user keystrokes during login and sends the information to the attacker. There are various techniques to compromise user machines with such malware, including drive-by downloads, watering hole attacks, infected USB drives, and more.

The second method uses a phishing site. This is a fake website that is designed to look like a legitimate login page, such as an online banking website or online applications like GoogleDocs. To get the user to the phishing site, the attacker sends a spear-phishing message that looks like it came from a trusted source (a bank, a colleague, a government office, etc.). The spear-phishing message will request that the user log into the website to read more details, or to update their user information. Once the user attempts to login to the phishing site, the credentials are sent directly to the attacker.

In the third method, cybercriminals hack into e-commerce websites and social networks to extract the user database, including user credentials. Since users often re-use credentials, there is a high likelihood that the same credentials can be used for logging into other systems as well.

General Recommendations:

There are several things that can be done to lower the risk of credential theft:
First, don’t login into sensitive applications from unprotected machines. Make sure your anti-virus is up-to-date and, if possible, use special security solutions designed to block information stealing malware to protect your machine.

Be cautious about possible spear-phishing emails (even if the message seems to come from a trusted source). When receiving a message that includes a link to a website, try to verify that the request is genuine and that it takes you to a relevant website. If possible, don’t click the link. Instead, open your browser and type in the website address (URL).

Change your passwords often, use complex passwords and don’t use the same credentials across multiple systems. For systems that are especially critical to you or your business, consider using two-factor authentication. This adds additional user identification, and therefor is harder to compromise.

Trusteer Credentials Theft infographic

Trusteer Credentials Theft infographic

Business

Qantas and BP unveil strategic partnership to reduce carbon emissions

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Qantas and BP unveil strategic partnership to reduce carbon emissions 2

SYDNEY (Reuters) – Qantas Airways Ltd and BP PLC on Thursday announced a strategic partnership to reduce carbon emissions in the aviation sector in Australia as part of their goals to become carbon neutral companies by 2050.

The agreement, along with Air New Zealand Ltd on Thursday backing the New Zealand government’s decision to implement a biofuels mandate to cut carbon emissions in the transport sector, is a sign that the coronavirus pandemic has not killed long-term industry environmental goals.

Qantas and BP said they will jointly explore opportunities and projects in areas including advanced sustainable fuels, advocacy for further decarbonisation in the aviation sector, renewable power solutions and generation, carbon management and emerging technology.

“This is another move towards our ambition to be a net zero company by 2050 or sooner and help the world to get to net zero,” BP Australia President Frederic Baudry said.

Qantas said the pandemic had not changed its target of becoming net carbon neutral by 2050 and even though it had been flying less, the same proportion of customers had been choosing to purchase emissions offsets.

“Airlines globally have a responsibility to cut emissions and combat climate change, particularly once travel demand starts to return,” Qantas Group Executive Government Andrew Parker said.

Air New Zealand said COVID-19 had not slowed its commitment to decarbonising its business. It has been part of a sustainable aviation fuel consortium for the past five years in partnership with Z Energy and others, to develop a roadmap for sustainable aviation fuel to become the norm for air travel in New Zealand.

“While we see hydrogen-powered or electric aircraft as viable options for our domestic and short haul network, being able to access sustainable aviation fuels at a competitive price will be very important for us when it comes to decarbonising our long haul operations,” Air New Zealand Chief Executive Greg Foran said.

(Reporting by Jamie Freed; Editing by Sam Holmes)

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Stocks tumble on recovery fears; dollar climbs

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Stocks tumble on recovery fears; dollar climbs 3

By Rodrigo Campos

NEW YORK (Reuters) – Stocks fell around the world on Wednesday as investors turned more cautious over stretched valuations and the economic impact of the COVID-19 pandemic, while the dollar rose on its safe-haven appeal.

Oil prices were little changed as demand concerns were mostly offset by a large drop in U.S. crude inventories.

Stocks in the United States added to losses after the Federal Reserve left its key rate near zero and made no change to its monthly bond purchases, while flagging a potential slowdown in the pace of the economic recovery.

Wall Street had been weighed earlier by a slump in Boeing Co and by hedge funds dumping long positions to cover a short squeeze in GameStop Corp and AMC Entertainment.

“Fears are circulating that some investment funds might be quickly closing out positions as a way of shoring up their cash,” said David Madden, market analyst at CMC Markets UK.

“It is early days yet but we might see selling pressure ramp up for fear there could be a stampede for the exit.”

The Dow Jones Industrial Average fell 2.05%, the S&P 500 lost 2.57% and the Nasdaq Composite dropped 2.61%.

MSCI’s benchmark for global equity markets fell 2.04% to 652.5, while its index for emerging markets stocks fell 1.25%.

The pan-European STOXX 600 index lost 1.16% after the German government slashed its growth forecast for this year, while talk of further interest rate cuts by the European Central Bank hit banking stocks and the euro.

In currency trading, the dollar index rose 0.47%, with the euro down 0.4% to $1.2111.

“I think if anything the dollar is finding support from the Fed’s more cautious message,” said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.

“I would say that the Fed having noted the recent moderation in the pace of the recovery is adding to concerns about the near-term outlook. The risk-off move today has gained traction in the Fed’s more cautious outlook for growth.”

The Japanese yen weakened 0.47% versus the greenback at 104.09 per dollar.

In emerging markets, currencies in Russia, Brazil, Mexico, and South Africa all lost over 1% on the day versus the greenback.

U.S. Treasury yields slid in line with weaker stocks as risk appetite hit a wall.

“(The Fed) did sound a little bit more downbeat, a little bit more concerned about the pace of the recovery and the pace of progress on vaccinations as well,” said Gennadiy Goldberg, senior U.S. rates strategist at TD Securities in New York.

“I think it’s meant to convey that they still realize there’s still quite a bit of weakness and that we’ve a long way to go before the recovery really takes off.”

Benchmark 10-year notes last rose 9/32 in

price to yield 1.011%, from 1.04% late on Tuesday.

Graphic: Fed Balance Sheet https://fingfx.thomsonreuters.com/gfx/mkt/xegvbeqrdpq/FedBalanceSheet.png

In commodities markets, oil prices were little changed despite a massive drawdown in U.S. crude inventories, as ongoing concerns about the coronavirus pandemic tempered buying interest.

Brent crude futures fell $0.42 to $55.49 a barrel. U.S. crude futures slid $0.04 to $52.57 a barrel.

Gold prices fell, pressured in part by the dollar strength.

Spot gold dropped 0.5% to $1,841.13 an ounce. Silver fell 1.13% to $25.16.

Bitcoin last fell 3.91% to $31,234.68.

(Reporting by Rodrigo Campos; additional reoirting by Herbert Lash, Laila Kearney, Gertrude Chavez-Dreyfuss, Chuck Mikolajczak and Karen Brettell; Editing by Matthew Lewis)

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Oil prices end mixed, despite big U.S. crude stock drawdown

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Oil prices end mixed, despite big U.S. crude stock drawdown 4

By Laila Kearney

NEW YORK (Reuters) – Oil prices were little changed on Wednesday, despite a massive drawdown in U.S. crude inventories, as ongoing concerns about the coronavirus pandemic tempered buying interest.

U.S. crude oil stocks dropped by nearly 10 million barrels last week to their lowest levels since March, surprising the market, which was looking for a modest increase in stocks. [EIA/S]

“The market was led up by a significant draw in crude oil as the refining industry continues to turn the crude oil surplus into refined products,” said Andrew Lipow, president Lipow Oil Associates in Houston.

U.S. West Texas Intermediate (WTI) crude futures settled at $52.85 a barrel, rising 24 cents, while global benchmark Brent crude futures fell 10cents to end at $55.81 a barrel.

Also helping oil was the U.S. Federal Reserve’s decision to stick to its dovish tone and leave its key overnight interest rate near zero to maintain monetary support until there is a stronger rebound from the pandemic-triggered recession.

The rising number of global coronavirus cases, which has surpassed 100 million as infections surge in Europe and the Americas, while Asia scrambles to contain fresh outbreaks, weighed on prices.

“Demand concerns should remain with us for some time,” Eugen Weinberg of Commerzbank said.

China, the second-largest oil consumer, has recently seen a coronavirus resurgence. Official Chinese data showed 75 new confirmed cases of COVID-19 on Wednesday, the lowest daily rise since Jan. 11.

Analysts said prices could benefit from lower U.S. oil production as a result of stricter industry regulations by the Biden administration, which on Wednesday paused new oil and gas leases on federal land and cut fossil fuel subsidies as he pursues green policies.

“We’re going to be watching these production numbers to see if U.S. oil producers can overcome a tougher regulatory environment and a tougher funding environment and raise output,” said Phil Flynn, senior analyst at Price Futures Group in Chicago.

(Additional reporting by Alex Lawler in London, Roslan Khasawneh in Singapore, Sonali Paul in Melbourne and Scott DiSavino in New York; Editing by Marguerita Choy and Alexander Smith)

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