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Nine charged in U.S. insider trading scheme involving hackers


Reuters - (International) Authorities announced indictments against 9 Ukrainian hackers and securities traders in the U.S. and Ukraine August 11, alleging that the suspects conspired and made up to $100 million by hacking into companies that publish news releases about publicly traded companies, and made trades using the information starting in February 2010. The U.S. Securities and Exchange Commission filed a related civil lawsuit alleging that the thefts generated over $100 million in illegal profits, and the case is the first example of prosecution alleging the use of hacked inside information for securities fraud.


Note: This news synopsis is taken from the DHS Daily Open Source Infrastructure Report, a daily [Monday through Friday, except US Federal holidays] summary of open-source published information concerning significant critical infrastructure issues; a 10-day archive of the DOSIR can be found at:

Last Updated: 27 May 2016 10:24:59