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Seksan Mongkhonkhamsao | Moment | Getty Images

A huge fraud website used by thousands of criminals to trick people into handing over personal information such as email addresses, passwords, and bank details, has been infiltrated by international police.

Britain’s Metropolitan Police said in a statement Thursday that the website, called LabHost, was used by 2,000 criminals to steal users’ personal details.

Police have so far identified just under 70,000 individual U.K. victims who entered their details into one of LabHost’s websites. A total of 37 suspects have been arrested so far, according to the Metropolitan Police.

Police have also disrupted LabHost’s websites and replaced the information on its pages with a message stating that law enforcement has seized the services.

LabHost obtained 480,000 credit card numbers, 64,000 PIN codes, as well as more than 1 million passwords used for websites and other online services, the Metropolitan Police said.

The Metropolitan Police said that up to 25,000 victims in the U.K. have been contacted by police to notify them that their data has been compromised.

Who are LabHost?

Police say that LabHost was set up in 2021 by a criminal cyber network which sought to scam victims out of key personally identifiable information, such as bank details and passwords, by creating fake websites.

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Criminals were able to use it to exploit victims through existing sites, or create new websites mimicking those of trusted brands including banks, health care providers, and postal services.

“Online fraudsters think they can act with impunity,” Dame Lynne Owens, deputy commissioner of the Metropolitan Police Service, said in a statement Thursday.

“They believe they can hide behind digital identities and platforms such as LabHost and have absolute confidence these sites are impenetrable by policing.”

Owens added that the operation showed “how law enforcement worldwide can, and will, come together with one another and private sector partners to dismantle international fraud networks at source.”

Private companies including blockchain analysis firm Chainalysis, Intel 471, Microsoft, The Shadowserver Foundation, and Trend Micro worked with police to identify and bring down LabHost.

The investigation started in June 2022 after police received intelligence about LabHost’s activities from the Cyber Defence Alliance, an intelligence sharing alliance between banks and law enforcement agencies.

The Met’s Cyber Crime Unit then joined forces with the National Crime Agency, City of London Police, Europol, regional U.K. authorities, as well as other international police forces to take action.

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UK loses bid to keep Apple appeal against demand for iPhone ‘backdoor’ a secret

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UK loses bid to keep Apple appeal against demand for iPhone 'backdoor' a secret

Chief Executive of Apple, Tim Cook gives a thumb’s up during a tour the Apple Headquarters on December 12, 2024 in London, England. 

Chris Jackson | Getty Images

Apple has triumphed over an effort from the U.K. government to keep details secret of its appeal against an order to create a “backdoor” to iPhone users’ data.

The U.K.’s Investigatory Powers Tribunal on Monday published a ruling dismissing the government’s attempt to prevent details from a hearing on the appeal from being made public. The government had tried to keep the information secret on the grounds it posed risks to national security.

Judges Rabinder Singh and Judge Jeremy Johnson said in their ruling that the U.K. government’s request to keep details of the hearing private “would be the most fundamental interference with the principle of open justice.”

“It would have been a truly extraordinary step to conduct a hearing entirely in secret without any public revelation of the fact that a hearing was taking place,” they said.

Britain’s Home Office was not immediately available for comment when contacted by CNBC.

‘Backdoor’ to encrypted data

The ruling relates to an appeal made by Apple against a demand from the U.K. government to allow officials to access iPhone users’ encrypted data via a technical “backdoor.”

This backdoor would allow the government to access information secured by Apple’s Advanced Data Protection (ADP) system, which applies end-to-end encryption to a wide range of iCloud data.

Governments in the U.S., U.K. and EU have long expressed dissatisfaction with end-to-end encryption, arguing it enables criminals, terrorists and sex offenders to conceal illicit activity.

In the U.K., the Investigatory Powers Act of 2016 empowers the government to compel tech companies to weaken their encryption technologies through so-called “backdoors” — a heavily controversial policy for both the tech industry and privacy campaigners.

Apple — which is known for its pro-privacy stance — has pushed back on efforts to weaken its encryption tools, saying this would undermine its security and put users at risk.

As a result of the government’s order, Apple withdrew its ADP system for U.K. users in February. In a blog post at the time, the tech giant said it has “never built a backdoor or master key to any of our products or services and we never will.”

“We are deeply disappointed that our customers in the UK will no longer have the option to enable Advanced Data Protection (ADP), especially given the continuing rise of data breaches and other threats to customer privacy,” Apple said in the post.

“Apple remains committed to offering our users the highest level of security for their personal data and we are hopeful that we will be able to do so in the future in the United Kingdom.”

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Tech stocks whipsaw in volatile trading session as Trump stands by tariffs

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Tech stocks whipsaw in volatile trading session as Trump stands by tariffs

U.S. President Donald Trump’s adviser Elon Musk reacts on the day of a rally in support of a conservative state Supreme Court candidate of an April 1 election in Green Bay, Wisconsin, U.S. March 30, 2025. 

Vincent Alban | Reuters

Technology stocks teetered in volatile trading Monday as President Donald Trump stood by his sweeping global tariff plans following last week’s devastating selloff.

The Magnificent Seven stocks — Nvidia, Apple, Meta Platforms, Amazon, Microsoft and Alphabet — were largely lower after briefly rallying amid a short-lived broader market attempt to stage a rebound. Stocks temporarily jumped on speculation of a possibly delay in the tariffs, but the White House later dismissed talk of a pause.

The technology sector is coming off a brutal week. The Magnificent Seven stocks collectively shed more than $1.8 trillion in market value during a two-day market selloff, while the Nasdaq Composite recorded its worst week since the onslaught of the pandemic and entered a bear market.

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Trump held firm on his aggressive global tariffs plans over the weekend, with an initial unilateral 10% tariff going into effect Saturday. Wall Street hoped for progress on negotiations between the administration and other countries or news of a possible delay in reciprocal tariffs slated for April 9.

The plan has already received widespread backlash in corporate America. JPMorgan Chase CEO Jamie Dimon said Monday that the new levies will hike prices on domestic and imported goods and pressure the slowing U.S. economy. Many car companies have already announced a pause in shipments, price hikes and other measures. Trade groups have also warned of higher prices at the grocery store and hikes on electronics such as personal computers.

“I don’t want anything to go down, but sometimes you have to take medicine to fix something,” Trump told reporters aboard Air Force One on Sunday night, downplaying the recent market meltdown.

Other technology stocks also looked to build on last week’s pain. Oracle and Palantir Technologies declined more than 2% each.

Some semiconductor stocks also struggled as investors fretted over potential demand destruction stemming from the tariffs. Advanced Micro Devices was last down about 4% each, while Intel declined more than 2%.

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Nintendo President Doug Bowser on the new Switch 2, tariffs and what’s next for the gaming giant

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Nintendo President Doug Bowser on the new Switch 2, tariffs and what's next for the gaming giant

Nintendo on Wednesday unveiled details for the Switch 2. It’ll include a bigger screen and controllers and is a faster version than its predecessor, which sold more than 150 million units since its 2017 release.

The Switch 2 will hit store shelves on June 5 for $449.99, up from $300 for the original Switch. Like the first Switch, gamers will be able to use the Switch 2 as both a handheld console and hook it up to a television. Nintendo on Friday said it would delay preorders for the device following President Donald Trump’s “reciprocal tariffs.”

The device will launch with the game “Mario Kart World.” Other games coming for the Switch 2 include “Donkey Kong Bananza,” “Street Fighter 6,” “The Duskbloods” and “Kirby Air Riders.”

Nintendo of America President Doug Bowser sat down with technology correspondent Steve Kovach in a CNBC exclusive interview after unveiling the new console’s details. Bowser touched on the technology boosts in the Switch 2, upcoming games, the future of Nintendo’s efforts in film and entertainment beyond video games, and what Trump’s new tariffs mean for console prices in the U.S.

Watch the video for the full interview.

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