Bad Guys Are Smart

On November 10, 2015, the Justice Department announced the indictment of four men for a “hacking,” securities fraud, and other crimes. In announcing the indictments, Manhattan U.S. Attorney Preet Bharara said, “The charged crimes showcase a brave new world of hacking for profit. It is no longer hacking merely for a quick payout, but hacking to support a diversified criminal conglomerate. This was hacking as a business model.”

computer spy

The indictment alleges that the conspirators used servers in Egypt, the Czech Republic, South Africa, Brazil and other countries as a launchpad to attack some of the largest financial firms based in the U.S. The indictment alleges that the defendants “hacked” networks, stole customer data about tens of millions of people and used the stolen data to run a massive stock manipulation scheme. But making millions of dollars from stock fraud wasn’t enough — so, it is alleged, the conspirators also ran other criminal businesses including Internet gambling, malware distribution, bogus online products businesses, and an illegal Bitcoin exchange.

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