Hackers stole secrets for up to $100 million insider

August 11, 2015 7:30 PM

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Hackers stole secrets for up to $100 million insider

NEW YORK 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.

The case marks the first time that U.S. prosecutors have brought criminal charges for a securities fraud scheme that involved hacked inside information, in this instance 150,000 press releases from distributors Business Wire, Marketwired and PR Newswire.

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