NEW YORK: An international team of computer hackers and stock traders was charged with pocketing more than US$100 million (RM397 million) in illicit profits based on stolen market-moving financial information, US officials announced Tuesday.
The Department of Justice charged nine people in a criminal conspiracy with making more than US$30 million in illegal trades on the pilfered information.
A parallel civil case from the US Securities and Exchange Commission listing 32 defendants said the scheme yielded over US$100 million in unlawful profits.
The conspiracy was engineered by a pair of hackers in Ukraine who successfully penetrated the computer systems of Marketwired, PR Newswire …read more
Source: theSun
