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Hacker Pleads Guilty for Breaching PR Newswires

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Hacker Pleads Guilty for Breaching PR Newswires

Introduction

This article was posted on Tuesday, 15:16, UTC.

 A Ukrainian hacker who played a major role in a $100 million insider-trading and newswire hacking scheme has plead guilty to stealing unpublished news release. The fraud scheme, as the U.S. Justice Department puts it, is the “largest known computer hacking and securities fraud” ever. Vadym Iermolovych, 28, has plead guilty to working with two other Ukrainian hackers to steal 150,000 press release from servers belonging to prominent newswire agencies including PR Newswire, Business Wire and Marketwired. While the U.S. Govt has previously brought charges against other defendants who stand accused in the case, Iermolovych is the first hacker to…

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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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