First U.S. Case of Hacking Scheme in Insider Trading Fraud

Recently, an international hacking ring was discovered to have stolen more than $100 million. The sophisticated plan demonstrated ingenuity on the part of the attackers. They exploited a core vulnerability of the financial system in one of the digital age This is the first U.S. prosecuted criminal case in which the hackers teamed up with stockbrokers to commit to access inside information in their securities fraud plot.[ii]

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