Markets shaken by emissions trading certificate hackers
Market participants are worried they could be holding fraudulent European Union carbon allowances (EUA), after computer hackers launched an alleged phishing attack on the German Emissions Trading Authority (DEHSt).
A number of high-level traders and brokers told Energy Risk that although their day-to-day trading and clients have not been affected, it is possible they are holding EUAs that could belong to a fraudulent batch the hackers sold onto the market. However, they say all the certificates would have been purchased in good faith.
Media reports in Germany claim hackers used a technique called phishing, which means the fraudsters sent false emails using the DEHSt logo to companies across several
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