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Cyber Security

Three Chinese Hackers Fined $9 Million for Stealing Trade Secrets

U.S. District Judge Valerie Caproni in Manhattan ordered three Chinese hackers to pay $8.8 million. Hackers hacked email servers of two major New York-based law firms to steal corporate merger plans in December 2016 and used them to trade stocks. The hackers made more than $4 million in illegal profits and could face at least decades-long prison sentences if found guilty. Only Hong, who was arrested in last December in Hong Kong, is in custody and yet to be extradited to the United States, while other cyber criminals are on the run.

Source: https://thehackernews.com/2017/05/chinese-hacker-trade-secrets.html

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