Chile Central Bank Lifts Its Economic Estimates on Stimulus

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(Bloomberg) — Chile’s central bank reduced its forecast for an economic contraction this year as early pension withdrawals, record-low interest rates and government handouts boost consumer spending.

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Gross domestic product will shrink 4.5% to 5.5%, versus the previous forecast for a drop of 5.5% to 7.5%, according to the quarterly monetary policy report published Wednesday. Policy makers lifted their year-end inflation call to 2.4% while also forecasting shallower drops in investment and domestic demand.

Click here for a list of central bank forecasts

The central bank said a new law allowing citizens to tap part of their pension savings will amount to roughly 6% of GDP, of which half will be spent on consumption in 2020 and early 2021. Policy makers “describe this measure’s impact on domestic demand and activity as very significant in the short-term. For the long-term, it’s also important to note the need to consider

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New Python-based trojan targets financial tech firms to steal sensitive data

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Dubbed PyVil, the new remote access trojan goes after passwords, documents, browser cookies, and email credentials, says Cybereason.

Trojan horse

Image: IvonneW, Getty Images/iStockPhoto

A new remote access trojan (RAT) is aiming at financial technology companies in the UK and European Union to capture sensitive information through keylogging and screen captures. Described in a Thursday blog post from cybersecurity firm Cybereason, the RAT named PyVil comes courtesy of the Evilnum APT (Advanced Persistent Threat) group. But this one has a few new tricks up its sleeve compared with previous trojans deployed by the group.

SEE: Security Awareness and Training policy (TechRepublic Premium) 

In its blog post, “No Rest for the Wicked: Evilnum Unleashes PyVil RAT,” Cybereason points to Evilnum as an operation whose malware attacks and phishing campaigns are highly targeted. The group typically sets its sights on financial technology (FinTech) companies, and mostly those located in the UK and EU.

To

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Editor’s note: This is a recurring post, regularly updated with new information and card details. 

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