Hacked: Hacking Finance

Hacked: Hacking Finance


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Cybersecurity

Hacker Pleads Guilty for Breaching PR Newswires

Posted on May 17th, 2016.

 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who played a major role in a $100 million insider-trading and newswire hacking scheme has plead guilty to stealing unpublished news release.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...

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Cybersecurity

SEC Brings Charges in $100 Million Newswire Hacking Scheme

Posted on February 19th, 2016.

The US Securities and Exchange Commission (SEC) has brought charges against nine new defendants involved in an international scheme that saw newswires that distribute corporate press releases hacked to facilitate an insider trading ring. In a complaint filed in the US District Court in New Jersey on Wednesday, five traders and the four...

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Cybersecurity

Hacker-Aided Insider Trading Ring Nets $100 Million

Posted on August 13th, 2015.

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...