Cybersecurity

Market Cheats Move From Trading Sex to Hacking to Gain Edge

Nine Charged in International Hacking Scheme

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Insider traders have long shelled out millions in bribes, manipulated friendships and even traded sex for market tips. Now, they’ve found a new way to get the data they need: employing computer hackers.

“With the ubiquity of hackers now, you can find people online who’ll do what you want for a pizza,” said Slade Griffin, founder of Knoxville, Tennessee-based Cyphoss Security LLC. “You combine the financial brilliance of someone that’s criminally minded with the ease of access to hackers and hacking tools, why wouldn’t you do it?”