1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Nine charged in press release breaches, stock trading scheme

Discussion in 'Network World' started by RSS, Aug 11, 2015.

  1. RSS

    RSS New Member Member

    Nine people face criminal charges in the U.S. for allegedly hacking three press release distributors and stealing yet-to-be-published announcements in a stock trading scheme that authorities say generated about US$30 million in illegal profits.

    Indictments unsealed Tuesday in the district courts for New Jersey and Eastern New York accused the defendants of stealing approximately 150,000 confidential press releases from the servers of Marketwired, PR Newswire Association and Business Wire. The defendants allegedly used the information from more than 800 stolen press releases to conduct stock trades, according to the U.S. Department of Justice.

    To read this article in full or to leave a comment, please click here

    Continue reading...

Share This Page