Authorities Foil 5-Year Scheme of Allegedly Stealing Press Releases Ahead of Corporate News

August 11, 2015 9:45 PM

34 0

Authorities Foil 5-Year Scheme of Allegedly Stealing Press Releases Ahead of Corporate News

Federal authorities announced today they have foiled a "cutting edge" scheme to hack more than 150,000 press releases and trade in related stocks before news was made public from companies like Panera Bread and Home Depot.

Acting U.S. Attorney for the Eastern District of New York Kelly Currie called the accused an "unholy alliance of shadowy computer hackers and shadowy securities traders."

Also read: Visa buys CardinalCommerce for e-commerce authentication tools

Read more

To category page

Loading...