It is an underreported, but rapidly rising risk for large swaths of the population. But it may hold particular risks that are not fully appreciated by investors. Tips on how to spot and avoid this problem will follow. On a day when the markets went up mildly ahead of the next Fed statement, the threats posed by sextortion will be our featured report.
If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, after the newsmaker bullets and major indexes closing tickers.
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CNN Business
- Manufacturing slows
- The industry contracted for the first time in two years as the effects of tariffs set in
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- Christine Romans: Investors are ‘pretty sanguine.’ Here’s why
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- Most self-driving companies say this tech is crucial. Elon Musk disagrees.
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- He didn’t have a computer growing up. Now he’s CEO of Google
- Walmart wants to sell its own line of steaks. Here’s why
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- Walmart wants to sell its own line of steaks. Here’s why
- SPECIAL REPORT How a cheap, brutally efficient grocery chain is upending America’s supermarkets
- Aldi moves into Walmart’s backyard
- Lidl will open 25 new US grocery stores over the next year
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Fox Business
- Huawei exec says there’s no link between Chinese government and telecom company
- China’s Huawei gives Fox rare look inside headquarters amid US ban
- How Gloria Vanderbilt became a designer jeans pioneer, fashion industry leader
- Airbus, in blow to Boeing, to launch new long-range jet
- Amazon slams Alexandria Ocasio-Cortez over ‘starvation wages’ comment: ‘AOC is just wrong’
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- J. Watt calls on fans to ‘chip in and buy’ Whataburger after a majority stake is sold
- Investors await Fed decision, stocks see modest gains
- Beyond Meat’s plant-based ground meat ‘Beyond Beef’ to be added to select stores nationwide
- Midwest corn farmer on planting season: ‘Disaster like I’ve never seen before’
- Facebook cryptocurrency launch: Why ‘Libra’ could be worth billions
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- Target glitches raise concerns over the impact of tech
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- Apple’s Tim Cook slams big tech over privacy issues
- Amazon slams Alexandria Ocasio-Cortez over ‘starvation wages’ comment: ‘AOC is just wrong’
Today’s markets and stocks snapshot, at the closing bell…
Today’s MH Market Spotlight Report –
The next three bullets are per CNBC:
- Overall, extortion by email is growing significantly, according to the FBI’s Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported crimes, with total losses of $83 million.
- “The majority of extortion complaints received in 2018 were part of a sextortion campaign in which victims received an email threatening to send a pornographic video of them or other compromising information to family, friends, coworkers or social network contacts if a ransom was not paid,” according to the FBI.
- “Shame can be a tremendous weapon that these criminals use,” one expert explains.
If you think that sextortion only happens to billionaires or millionaires, think again.
If you think it is only an American problem, the video that follows – which raises points applicable in the U.S. or Canada – is useful.
The world of tech and sextortion has put untold numbers at risk.
While CNBC opted to report on this topic today, it is arguably an underreported challenge, based upon numbers supplied by the FBI.
Among the steps that arguably ought to be taken by publicly traded firms is to safeguard shareholders against the particular risk that sextortion could hold.
Have you asked firms you are invested in what steps, if any, they have taken to safeguard against the possible risks caused by sextortion or other similar scams? Surprises that seem unrelated to the core operation of a business could create an ugly surprise.
Related Reports:
Tips for Wealthy re Jeff Bezos Stolen Sexts Message Snag, Amazon Woes? Plus MH Market Updates
Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase
Yahoo Finance Closing Ticker for MHProNews…
NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.
NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
Updated:
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
LCI Industries, Patrick, UFPI and LP all supply manufactured housing.
AMG, CG and TAVFX have investments in manufactured housing related businesses.
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.