Cyber Ring Stole Secrets and techniques for Gaming U.S. Inventory Market: FireEye

Safety researchers say they’ve uncovered a cyber espionage ring targeted on stealing company secrets and techniques for the aim of gaming the inventory market, in an operation that has compromised delicate knowledge about dozens of publicly held corporations. Cybersecurity agency FireEye Inc, which disclosed the operation on Monday, stated that because the center of final yr, the group has attacked e mail accounts at greater than one hundred companies, most of them pharmaceutical and healthcare corporations. Victims additionally embrace companies in different sectors, in addition to company advisors together with funding bankers, attorneys and investor relations companies, based on FireEye. The cybersecurity agency declined to determine the victims. It stated it didn’t know whether or not any trades have been truly made based mostly on the stolen knowledge. Nonetheless, FireEye Menace Intelligence Supervisor Jen Weedon stated the hackers solely focused individuals with entry to extremely insider knowledge that could possibly be used to revenue on trades earlier than that knowledge was made public. They sought knowledge that included drafts of U.S. Securities and Trade Fee filings, paperwork on merger exercise, discussions of authorized instances, board planning paperwork and medical analysis outcomes, she stated. "They’re pursuing delicate info that might give them privileged perception into inventory market dynamics," Weedon stated.

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— Reuters

First revealed December 1 2014, eight:17 AM