Blog | G5 Cyber Security

Two More Convicted in $30M Massive Hacking, Securities Fraud Operation

Vitaly Korchevsky and Vladislav Khalupsky worked with cybercriminals to hack major newswire companies and lift press releases ahead of their distribution. Using the stolen data, which included non-public financial information, they traded in the stock market and generated $30M in illicit profit. The duo was among nine defendants charged in relation to this scheme in August 2015. Each defendant could face a maximum prison sentence of 20 years; three who remain at large are at large.”]

Source: https://www.darkreading.com/attacks-breaches/two-more-convicted-in-30m-massive-hacking-securities-fraud-operation

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