Monday, December 1, 2014

Cyber hacker ring found breaking into emails to gain market edge

A new brand of cyber criminals has started stealing email communications in order to gain an upper hand on the market, Silicon Valley security company FireEye said on Monday. The firm has uncovered a cyber espionage ring aimed at gaming the stock market.
FireEye identified the team on Monday as a collective of native English-speaking operators focused on utilizing their hacking skills for the market edge – predominantly in the pharmaceutical and healthcare sectors, where any details of regulatory decisions, clinical trials, or legal issues could potentially influence market prices. 
The group has launched attacks on the email accounts of at least 100 firms. FireEye Threat Intelligence Manager Jen Weedon told Reuters that the group – which it dubbed FIN4 – specifically targeted individuals who likely had access to highly insider data. Among these were executives, legal counsel, outside consultants, and researchers. 

see article in: Cyber crime
INC News, 01/12/2014 - via RT news

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