Hacked: Hacking Finance


Hacker-Aided Insider Trading Ring Nets $100 Million

Posted on .

Hacker-Aided Insider Trading Ring Nets $100 Million


This article was posted on Thursday, 19:01, UTC.

What do you get when you bring a Ukrainian cyber-criminal gang and crooked Wall Street stock traders, together? A $100 million racket of illegal profits due to an insider trading ring. It was a milestone event for malicious hackers. A unique insider trading ring had American stock market traders and Ukrainian hackers team up to steal (hack) thousands of unpublished corporate press releases, Reuters reports. The result of said trading ring? A staggering $100 million in illegal profits, over five years. A press release from FBI’s New York field office screamed: Largest Known Computer Hacking and Securities Fraud Scheme Also…

// -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- //

To continue reading you need to be a Gold Member or Platinum Member. Let us help you become financially independent by signing up. You will get access to exclusive stories, analysis, and guides by experienced traders, economists, and entrepreneurs. Learn more about us here.

Log In Join Now for $39 a Month! OR Save $69 by Subscribing for a Year!

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.

Feedback or Requests?

Receive New Posts on Email:

Samburaj Das

Samburaj Das

Samburaj is the contributing editor at Hacked and keeps tabs on science, technology and cyber security.

[caption id="attachment_8157" align="alignright" width="300"] A Protogalaxy forms.[/caption] Astronomers led by…