Hackers who breached corporate wires made millions off insider trading

August 11, 2015 6:50 PM

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Hackers who breached corporate wires made millions off insider trading

An international hacking ring armed with tens of thousands of corporate secrets pocketed more than $100 million from illegal trades, targeting a core vulnerability of the financial system in one of the digital age's most sprawling insider-trading schemes, federal authorities said Tuesday.

Since 2010, more than 30 hackers and traders across the U.S., the Ukraine, Russia and other countries stole more than 150,000 press releases scheduled to be delivered to investors from corporate wire services Business Wire, PR Newswire and Marketwired.

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