Here’s some fresh insight from the New York Times into today’s highly effective criminals:
Nine Charged in Insider Trading Case Tied to Hackers
Paul J. Fishman, the United States attorney for New Jersey, said that nine people were charged after stealing corporate news releases and using the information to make over $100 million.
From their suburban homes in the United States, dozens of rogue stock traders would send overseas hackers a shopping list of corporate news releases they wanted to get a sneak peek at before they were made public. The hackers, working from Ukraine, would then deliver how-to videos by email with instructions for gaining access to the pilfered earnings releases.
Why didn’t the press release services know their customer’s sensitive data was being stolen from inside their networks for years? Because, unlike amateurs on a wild hacking spree, these cyber attackers took great care not to be seen by their victims. That means they were funded well enough to be thorough and patient over a long period of time.
These are the habits of today’s highly effective criminals.