US authorities have charged 32 members of an international ring of hackers and financial traders. "This international scheme is unprecedented in terms of the scope of the hacking, the number of traders, the number of securities traded and profits generated," said Mary Jo White, chair of the Securities and Exchange Commission (SEC), in a press statement. The SEC claims that two individuals, Ivan Turchynov and Oleksandr Ieremenko, organized the scheme over the course of five years, with the pair allegedly hacking into at least two newswire services and stealing more than 150,000 press releases detailing upcoming mergers, acquisitions, and earnings announcements.
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[New post] International gang made millions in illegal profits by hacking press release sites
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