“An international web of hackers and traders made $100 million on Wall Street by stealing a look at corporate press releases before they went out and then trading on that information ahead of the pack, federal authorities charged Tuesday. Authorities said it was the biggest scheme of its kind ever prosecuted, and one that demonstrated another alarming vulnerability in the financial system in this age of increasingly sophisticated cybercrime. In a 21st-century twist on insider trading, the hackers broke into the computers of some of the biggest business newswire services, which put out earnings announcements and other press releases for a multitude of corporations.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Could China make or break bitcoin?
Swiss government blocks arms sales to U.S. over human rights concerns
Dennis Rodman pleads with Kim Jong-Un to release American sentenced to 15 years
Bad cops rarely fired for bad behavior
Woman sues US Airways for losing her husband's ashes after TSA mishap
Canadian, Aussie, NZ Dollars All Plunge on Commodity Drop, Fed Rate Rise
China, Switzerland sign free trade agreement
Spanish spy chief to address Parliament on spying
U.S. officials say global terror threat is 'very specific'
Obama toasts Bush: 'We are surely a kinder and gentler nation because of you'
Deportations of illegal immigrants in 2012 reach new US record
Turkey cashes in on the Iran talks
Dark Wallet: A Radical Way To Bitcoin
Researchers demand sealed files about JFK assassination be made public
India bank run underway after $2B scam at state-run bank prompts bailout bill