Monday, August 17, 2015

Hackers stole secrets for up to $100 million insider-trading profit: U.S

NEW YORK (Reuters) - An alliance of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years after stealing confidential corporate press releases, U.S. authorities said on Tuesday.

Prosecutors announced charges against nine people in an insider-trading case that marks the first time criminal charges have been brought for a securities fraud scheme involving hacked inside information, in this instance 150,000 press releases from distributors Business Wire, Marketwired and PR Newswire.

Read more... http://mobile.reuters.com/article/idUSKCN0QG1EY20150811

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