Slashdot Mirror
Chinese Traders Charged With Insider Trading on Hacked Information (usatoday.com)
Chinese traders hacked into the computer systems of U.S. law firms that handle mergers, then used the data for insider trading that generated more than $4 million in illegal profits, federal prosecutors and regulators charged Tuesday. From a report on USA Today: The suspects in the alleged criminal marriage of cyber-hacking and securities fraud targeted at least seven law firms and other entities that handle the sensitive and often lucrative legal work of advising companies pursuing mergers and acquisitions, according to a 13-count superseding indictment unsealed in New York. Operating from April 2014 through late 2015, the alleged scheme ultimately gained access to secret information from two law firms about pending corporate deals, prosecutors charged. The suspects allegedly prized, targeted and gained access to the emails of attorneys directly involved in the deals. Prosecutors charged they exchanged a list of partners who performed such work at one of the firms before hacking into that firm's computer system.
on the internet. PCs are cheap enough that you can create a separate network for sensitive information. My suggestion is a bunch of Linux Xterm or PC terms connected to clustered servers. The system must be totally disconnected from the internet and disconnected from the corporate network.You store money in a vault. You don't just leave it hanging all over the place. And no you can't protected it no matter how good your firewall is.
Should not be the least bit surprising. What is needed is for America to crack back at CHina.
I think that O has overall done a decent job, but gads, he assume the best from ppl.
I prefer the "u" in honour as it seems to be missing these days.