Russian Hackers Infiltrated Dow Jones Servers for Pre-Public Information

http://www.bloomberg.com/news/articles/2015-10-16/russian-hackers-of-dow-jones-said-to-have-sought-trading-tips

by dpflan • 11 years ago

6 3 11 years ago

140am• 11 years ago

"The group allegedly made more than $100 million in trades using unreleased earnings releases of companies such as Panera Bread Co., Boeing Co., Caterpillar Inc. and Oracle Corp., through retail brokerage accounts."

hackuser• 11 years ago

Of course, this should be expected. The information is worth millions, possibly billions of dollars. Certainly it attracts many attacks (and certainly they aren't all foreigners).

Dow Jones is negligent if they didn't implement very strong security, strong enough to make stealing the information not worthwhile. If the info is worth $10 million, spending $1 million to steal it is a simple decision for a criminal.

If you were such a criminal wouldn't you surveil the systems of all major news publications? All you need is to find one bit of market-moving information before it's published - a draft article, an email to a reporter, etc. - and, it seems to me, you can take in millions or more.

Maybe you'd also surveil the communications of Silicon Valley tech companies.

NN88• 11 years ago

C'mon America!

Russian Hackers Infiltrated Dow Jones Servers for Pre-Public Information

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