Tuesday, March 08, 2022
Oil Prices Surge...Wall Sreet Suffers Another Slide
Wall Street suffers biggest slide in more than a year as oil prices surge
- S&P, Dow Jones and Nasdaq see large one-day drops
- Barrel of US oil leaps to $130 overnight amid Ukraine war
Wall Street had its biggest drop in more than a year Monday as another leap for oil prices threatened to squeeze inflation’s grip on the global economy.
The S&P 500 fell 3%, its biggest decline in 16 months, after a barrel of US oil surged to $130 overnight on the possibility the US could bar imports from Russia. Stocks around the world also fell earlier in the day, taking their cue from oil’s movements, though their losses moderated as crude receded toward $120 per barrel.
The benchmark S&P 500 fell 122.78 points to 4,201.09. The Dow Jones fell 797.42 points, or 2.4%, to 32,817.38.
The Nasdaq composite slid 482.48 points, or 3.6%, to 12,830.96.
The tech-heavy index is now 20.1% below its record set in November. Such a decline means the index is now in what Wall Street calls a bear market. The S&P 500 is down 12.4% from the peak it set in early January.
Oil prices have soared recently on worries that Russia’s invasion of Ukraine will upend already tight supplies. Russia is one of the world’s largest energy producers, and oil prices were already high before the attack because the global economy is demanding more fuel following its coronavirus-caused shutdown.
Markets worldwide have swung wildly recently on worries about how high prices for oil, wheat and other commodities produced in the region will go because of Russia’s invasion, inflaming the world’s already high inflation. In the United States, prices for consumers jumped last month from their year-ago level at the fastest rate in four decades.
The conflict in Ukraine also threatens the food supply in some regions, including Europe, Africa and Asia, which rely on the vast, fertile farmlands of the Black Sea region, known as the “breadbasket of the world.”
The war puts extra pressure on central banks around the world, . .
. . .The value of the Russian ruble continued to slide amid all the financial pressure, falling 12% to 0.7 cents."
Reference >> https://www.theguardian.com/business/2022/mar/07/wall-street-slide-stock-market-oil-prices-surge
China Warns U.S. Over Forming Pacific NATO, Backing Taiwan
FBI ALERT: Ransomware gang breached 52 US critical infrastructure orgs
Intro: Security News
FBI: Ransomware gang breached 52 US critical infrastructure orgs
The US Federal Bureau of Investigation (FBI) says the Ragnar Locker ransomware gang has breached the networks of at least 52 organizations from multiple US critical infrastructure sectors.
This was revealed in a joint TLP:WHITE flash alert published on Monday in coordination with the Cybersecurity and Infrastructure Security Agency.
"As of January 2022, the FBI has identified at least 52 entities across 10 critical infrastructure sectors affected by RagnarLocker ransomware, including entities in the critical manufacturing, energy, financial services, government, and information technology sectors," the federal law enforcement agency said [PDF].
"RagnarLocker ransomware actors work as part of a ransomware family, frequently changing obfuscation techniques to avoid detection and prevention."
The flash alert focuses on providing indicators of compromise (IOCs) organizations can use to detect and block Ragnar Locker ransomware attacks.
IOCs associated with Ragnar Locker activity include info on attack infrastructure, Bitcoin addresses used to collect ransom demands, and email addresses used by the gang's operators.
Although the FBI first became aware of Ragnar Locker in April 2020, Ragnar Locker ransomware payloads were first observed in attacks months before, during late December 2019.
Ragnar Locker operators terminate remote management software (e.g., ConnectWise, Kaseya) used by managed service providers (MSPs) to manage clients' systems remotely on compromised enterprise endpoints.
This allows the threat actors to evade detection and make sure remotely logged-in admins do not interfere with or block the ransomware deployment process.
Request for info linked to Ragnar Locker attacks
The FBI asked admins and security professionals who detect Ragnar Locker activity to share any related information with their local FBI Cyber Squad. . .
Read more >> https://www.bleepingcomputer.com/news/security/fbi-ransomware-gang-breached-52-us-critical-infrastructure-orgs/
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