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Hacker-Aided Insider Trading Ring Nets $100 Million

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Hacker-Aided Insider Trading Ring Nets $100 Million

Introduction

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insider trading ring had American stock market traders and Ukrainian hackers team up to steal (hack) thousands of unpublished corporate press releases, Reuters reports.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…

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Samburaj Das

Samburaj Das

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

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