The FBI has issued a Private Industry Notification to law firms indicating that a cyber crime insider trading ring is targeting “international law firm information used to facilitate business ventures.”
According to the FBI “[T]he scheme involves a hacker compromising the law firm’s computer networks and monitoring them for material, non-public information….This information, gained prior to a public announcement, is then used by a criminal with international stock market expertise to strategically place bids and generate a monetary profit.”
The FBI related that “In a recent cyber criminal forum post, a criminal actor posted an advertisement to hire a technically proficient hacker for the purposes of gaining sustained access to the networks of multiple international law firms.”
Like This Article in PDF?
Just enter your email below and we'll forward to your inbox immediately.