Thursday 31 March 2016

Hackers Seeking Insider Trading Information Breach US Law Firms

Information has surfaced about a series of attacks from last year that targeted two high-profile law firms. Authorities suspect the hackers were after insider trading to use on the stock market, The Wall Street Journal reports.

According to reporters, the FBI investigation is looking into attacks against Cravath Swaine & Moore LLP and Weil Gotshal & Manges LLP, two of the most well-known US law firms, used by many companies in the Fortune 500 list, either for multi-billion dollar lawsuits or for various types of contract or merger negotiations.

Besides the actual cyber-attacks, the FBI’s investigation has also focused on determining what kind of information might have been exposed, which can be considered insider trading.

At the moment, there are no exact details as to what the hackers accessed or stole, but law enforcement are sure they were after crucial information that they could use on the stock market. For the full article click here 



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