Firm stretches share price

7 Days in Dubai - - BUSINESS - writes Sar­wat Nasir. sar­wat@7days.ae

UAE banks and com­pa­nies have been warned to be vig­i­lant af­ter sev­eral firms fell vic­tim to cy­ber­at­tacks us­ing fake web­sites, Spe­cial­ists from BAE Sys­tems, one of the world’s largest cy­ber­se­cu­rity com­pa­nies, said that in one in­stance, hack­ers at­tempted to lure “mules” for money laun­der­ing by creat­ing a fake on­line job por­tal. Ac­cord­ing to Dr Adrian Nish, the com­pany’s head of cy­ber threat in­tel­li­gence, the crim­i­nals posed as em­ploy­ers and ma­nip­u­lated vic­tims into think­ing they were send­ing money for job op­por­tu­ni­ties. How­ever, they were ac­tu­ally run­ning an in­ter­na­tional money laun­der­ing scam. “The group will re­cruit mules and at­tack on­line bank users so they can trans­fer the money from on­line bank­ing users through the mules,” Dr Nish said. “The banks they were at­tack­ing were based in the Mid­dle East and there were some in the UAE as well.” Nish said a grow­ing con­cern he sees in the Mid­dle East is “ac­tivists” at­tempt­ing to hack into news out­lets or so­cial me­dia pro­files to send out a po­lit­i­cal mes­sage. He said sev­eral me­dia or­gan­i­sa­tions have reached out to BAE Sys­tems to learn more about ways they can pro­tect their firms. And Nish said hack­ers are be­com­ing ex­perts at ma­nip­u­lat­ing their vic­tims. “To do that they must be able to con­verse with them,” he said. “In or­der to do that, they have to speak the most com­mon lan­guage, which is English. Be­cause peo­ple in the UAE speak English as a busi­ness lan­guage, it makes them more vul­ner­a­ble than other coun­tries where English isn’t widely spo­ken. It’s the rea­son we see the UK be­ing tar­geted a lot as well. In the UAE, we see com­pa­nies do­ing a lot of in­ter­na­tional trade and I think that’s an­other rea­son.” Yoga-wear firm Lu­l­ule­mon has beaten ex­pec­ta­tions af­ter strong sales in the fourth quar­ter. Shares rose more than 3 per cent in yes­ter­day’s pre-mar­ket trad­ing. For the pe­riod ended Jan­uary 31, the Cana­dian com­pany earned $117.4 mil­lion, or 85 cents per share. A year ear­lier it earned $110.9 mil­lion, or 78 cents per share. An­a­lysts polled by Fac­tSet pre­dicted 80 cents per share. Rev­enue climbed to $704.3 mil­lion from $602.5 mil­lion, top­ping the $692.6 mil­lion that an­a­lysts ex­pected. Sales at stores open at least a year, a key in­di­ca­tor of a re­tailer’s health, in­creased 5 per cent on a con­stant dol­lar ba­sis. Lu­l­ule­mon Ath­let­ica Inc re­ported a full-year ad­justed profit of $1.86 per share on rev­enue of $2.06 bil­lion.

UP: Lu­l­ule­mon beat ex­pec­ta­tions

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