An international web of hackers and traders made $100 million on Wall Street by stealing corporate press releases before they went out and then trading on that information ahead of the pack, federal authorities charged Tuesday.
August 12, 2015 at 05:05 AM
1 minute read
An international web of hackers and traders made $100 million on Wall Street by stealing corporate news 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, demonstrating another way in which the financial world is vulnerable to cybercrime.
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