Cybersecurity
U.S. Identifies Insider Trading Ring With Ukraine Hackers
U.S. Exposes Insider Trading Ring Based on PR Hack
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Exposing a new front in cybercrime, U.S. authorities broke up an alleged insider trading ring that relied on computer hackers to pilfer corporate press announcements and then profited by trading on the sensitive information before it became public.
In morning raids in Georgia and Pennsylvania, federal agents arrested five traders in the plot, while four others indicted on hacking and securities fraud charges are at large.