Federal authorities have shut down a ring of hackers who used techniques such as phishing to infiltrate newswire services to gain access to corporate press releases.
Homeland Security Secretary Jeh Johnson briefs the press, flanked by U.S. Attorney Paul Fishman and SEC Chair Mary Jo White.
The indictment alleges how the hackers users used phishing to infiltrate the newswire services and how they used anti-forensics to evade detection for five years. Using these press releases, the criminals were able to make money by quickly placing trades before the public had access to the information. Learn more at our new blog.