Source: National Cyber Security – Produced By Gregory Evans
The U.S. Securities and Exchange Commission (SEC) has charged 32 people with involvement in a scheme to hack into the newswire services Marketwired, PR Newswire and Business Wire in order to steal hundreds of corporate earnings announcements before they were publicly released. Two Ukrainian men, Ivan Turchynov and Oleksandr Ieremenko, have been charged with hacking into the news services between February 2010 and August 2015. Thirty others in the U.S., Russia, Ukraine, Malta, Cyprus and France have been charged with trading on the stolen information. “This international scheme is unprecedented in terms of the scope of the hacking, the number of traders, the number of securities traded and profits generated,” SEC chair Mary Jo White said in a statement. “These hackers and traders are charged with reaping more than $100 million in illicit profits by stealing nonpublic information and trading based on that information.” The U.S. Attorney’s Offices for the District of New Jersey and for the Eastern District of New York also announced criminal charges against Turchynov and Ieremenko, as well as against traders Arkadiy Dubovoy, Igor Dubovoy, Pavel Dubovoy, Vitaly Korchevsky, Vladislav Khalupsky, Aleksandr Garkusha, and Leonid Momotok. Five have been arrested, while the other four, including Turchynov […]
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