Blog | G5 Cyber Security

Ukrainian Hacker Admits Stealing Corporate Press Releases for $30 Million Profit

Vadym Iermolovych, 28, admitted Monday that he worked with two other Ukrainian hackers to hack into computer networks at PR Newswire, Marketwired and Business Wire, and steal 150,000 press releases to gain the advantage in the stock market. The group traded the stolen information with companies including Align Technology, Caterpillar, Hewlett Packard, Home Depot, Panera Bread and Verisign. The trades would occur in extremely short windows of time between when the hackers illegally accessed and shared the. releases and when the press releases were disseminated to the public by the Newswires, usually shortly after the. markets.

Source: https://thehackernews.com/2016/05/hacking-press-release.html

Exit mobile version