A Ukrainian man has become the first computer hacker to plead guilty in what U.S. authorities called a worldwide scheme to hack into services that distribute corporate news releases, and use stolen information to conduct insider trading.
Vadym Iermolovych, 28, of Kievm, on Monday joined three traders in admitting criminal wrongdoing over the largest known hacking scheme designed to game financial markets, resulting in more than $100 million of alleged illegal profit.
The defendant had not previously been linked publicly to the alleged theft of more than 150,000 news releases from Business Wire, Marketwired, and PR Newswire from February 2010 to August …read more
Source: Pakistan Today
