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FBI Warn Law Firms Of Targeting by Cyber Criminals

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.”

 

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