Good news ! Hackbusters community is waiting for you !  https://discuss.hackbusters.com
KnowBe4 has been running the HackBusters site for a few years now, providing you with trending IT security news. We are expanding it and have launched a new exciting online community! The forum is divided into four main topics or categories: Social Engineering, Ransomware, Phishing and Security Awareness Training. You are invited to be one of the first to join us at: https://discuss.hackbusters.com.

Insider Trading: SEC Describes $4.1 Million Hacking Scheme

Sec-hacking-scheme-allegedly-earned-41-million-showcase_image-2-a-11951
Insider Trading: SEC Describes $4.1 Million Hacking Scheme Ukrainian Hacker Charged With Stealing Nonpublic 'Test Files' for 8 Traders Mathew J. Schwartz (euroinfosec) • January 16, 2019 Source: SEC

The U.S. Securities and Exchange Commission has charged seven individuals and two organizations with being part of an international scheme that hacked the SEC's EDGAR document system, stole nonpublic corporate information and used it to illegally earn $4.1 million via insider trading.

See Also: The Role of Threat Intelligence in Cyber Resilience

In a parallel action, the New Jersey U.S. Attorney's Office on Tuesday unsealed a 16-count criminal indictment charging two Ukrainian individuals with wire fraud, securities fraud and computer fraud, among other charges.

The SEC's complaint accuses a Ukrainian man of hacking, and working with six individual traders in California, Ukraine and Russia, as well as two organizations, to perpetrate the hacking and insider-trading scheme in...(continued)

View All Trending Stories