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Hacking Doesn’t Effect the Best Online Trading Sites

Source: National Cyber Security – Produced By Gregory Evans

The Internet is a wonderful resource for doing business; but the fact remains that there is a need for security of online transactions. Online transactions are vulnerable and everyone who does business on the Net has a responsibility to make it safe for its e-commerce customers. Certainly, the Internet community…

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Hong Kong Securities and Futures Commission’s Consultation on Proposals to Reduce Hacking Risks in Internet Trading

Source: National Cyber Security – Produced By Gregory Evans

On May 8, 2017, the Hong Kong Securities and Futures Commission (SFC) launched a two-month consultation on proposals to reduce and mitigate hacking risks associated with internet trading. The SFC aims to conclude the consultation and finalize the revised Code of Conduct1 and the new Guidelines2 by September or October…

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BDSwiss Trading Hacked; Sensitive Data, Passports, Credit Cards Leaked

bdsw

Source: National Cyber Security – Produced By Gregory Evans

BDSwiss Trading Hacked; Sensitive Data, Passports, Credit Cards Leaked

EUROPE’S LARGEST TRADING FIRM BDSWISS SUFFERS DATA BREACH; HACKERS ACCUSE THE OWNER OF MONEY LAUNDERING, MURDER AND SCAM LEAK SENSITIVE DATA INCLUDING NEO-NAZI PICTURES, NUDE PICTURES OF HOLLYWOOD CELEBRITIES, PASSPORTS AND CREDIT CARDS SAVED ON THE SERVER.
On September 5th,

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Trader Pleads Guilty To Largest Known Computer Hacking And Trading Scheme

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Source: National Cyber Security – Produced By Gregory Evans

Trader Pleads Guilty To Largest Known Computer Hacking And Trading Scheme

Leonid Momotok, of Suwanee, Georgia, has pleaded guilty to conspiracy to commit wire fraud for his role in an international scheme to hack into three business newswires and steal yet-to-be published press releases containing non-public financial information that was then used to make trades that generated approximately $30 million in illegal profits. Read More….

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Avoiding the Pitfalls of Online Trading

online trading

Source: National Cyber Security – Produced By Gregory Evans

What is online trading? Online trading allows you to conduct investment transactions over the internet. The accessibility of the internet makes it possible for you to research and invest in opportunities from any location at any time. It also reduces the amount of resources (time, effort, and money) you have to devote to managing these […]

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HACKER-AIDED INSIDER TRADING RING NETS $100 MILLION

Source: National Cyber Security – Produced By Gregory Evans

What do you get when you bring a Ukrainian cyber-criminal gang and crooked Wall Street stock traders, together? A $100 million racket of illegal profits due to an insider trading ring. It was a milestone event for malicious hackers. A unique insider trading ring had American stock market traders and Ukrainian hackers team up to steal (hack) thousands of unpublished corporate press releases, Reuters reports. The result of said trading ring? A staggering $100 million in illegal profits, over five years. Nine people linked to the insider-trading scheme have been charged by prosecutors. Scalping yet another landmark, the criminal charges are the first of their kind for a securities fraud scheme that is directly related to hacked insider information.  Altogether, a lawsuit filed by the U.S. Securities and Exchange Commission bringing civil charges named: 9 individuals from New Jersey and New York City 17 individuals in Russia, Ukraine, and the US. 15 companies in the U.S., Malta, Russia, France and Cyprus. All of the above are said to have profited from the elaborate insider scheme, according to a report from the Associated Press. Source: https://hacked.com/hacker-aided-insider-trading-ring-nets-100-million/

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Details of hacker insider trading scheme revealed

Source: National Cyber Security – Produced By Gregory Evans

Prosecutors have revealed the details of a scheme that saw stock traders and hackers team up to make as much as $100m (£64m) in illegal profits over five years. Charges were brought against nine people in an insider-trading case that involved the use of 150,000 press releases stolen from distributors Business Wire, Marketwired and PR Newswire before they were made public to make trades ahead of the curve. The group consists of mainly US-based stock traders and Ukrainian hackers and police arrested five in the USA yesterday, while international arrest warrants were issued for the other four. “This is the story of a traditional securities fraud scheme with a twist – one that employed a contemporary approach to a conventional crime,” Diego Rodriguez, FBI assistant director-in-charge, said at a news conference. Prosecutors said the Ukraine-based hackers were given ‘shopping lists’ of press releases containing sensitive corporate information by the traders, which they then stole in return for a portion of the profits from trades based on them. An indictment in Brooklyn charged four traders: Vitaly Korchevsky, 50, a former hedge fund manager from Pennsylvania; Vladislav Khalupsky, 45, of Brooklyn and Odessa, Ukraine; and Leonid Momotok, 47 and Alexander Garkusha, 47, […]

For more information go to http://www.NationalCyberSecurity.com, http://www. GregoryDEvans.com, http://www.LocatePC.net or http://AmIHackerProof.com

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Global fraud involved computer hacking, insider trading, officials say

Source: National Cyber Security – Produced By Gregory Evans

As told by federal authorities, it was the ultimate cyber-era criminal mash-up: an elaborate computer hacking operation to enable a global and lucrative insider trading scheme. In one of the most sweeping cases yet involving securities fraud and computer crime, prosecutors and the Securities Exchange Commission unveiled what they said was a long-running scheme to profit from yet-to-be-released corporate earnings, deals and other market-moving data. The scheme, spanning from Ukraine to the U.S., involved the alleged hacking of business news wire services to pull inside information from pending but still private press releases and other documents so that rogue traders could get a jump on buying or selling shares before breaking news moved the stock prices. The indictments, filed in U.S. District courts here and in Brooklyn, N.Y., accused a foreign-based hacking network of downloading more than 150,000 press releases for traders in the U.S. and elsewhere. The traders paid the hackers a flat rate or a percentage of the profits, the indictments alleged. A companion civil case filed by the SEC included a wider network of defendants including hackers, traders and small securities firms in places such as Moscow, Paris, Cyprus and Malta. In all, the scheme netted more […]

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US busts hacking/insider trading ring

Source: National Cyber Security – Produced By Gregory Evans

NEW YORK (AFP) – An international team of computer hackers and stock traders was charged with pocketing more than $100 million in illicit profits based on stolen market-moving financial information, US officials announced Tuesday. The Department of Justice charged nine people in a criminal conspiracy with pocketing more than $30 million in illegal trades on the pilfered information. A parallel civil case from the US Securities and Exchange Commission listing 32 defendants said the scheme yielded over $100 million in unlawful profits. “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 SEC Chair Mary Jo White. The conspiracy was engineered by a pair of hackers in Ukraine who successfully penetrated the computer systems of Marketwired, PR Newswire and Business Wire, which distribute press releases for major publicly traded companies, the officials said. The Ukraine-based hackers stole some 150,000 press releases from February 2010 through this year that contained non-public information critical to stock valuation, the DOJ said. Other defendants then “executed profitable trades based on the material nonpublic information contained in the Stolen Releases,” the department said in announcing the criminal indictment. Besides […]

For more information go to http://www.NationalCyberSecurity.com, http://www. GregoryDEvans.com, http://www.LocatePC.net or http://AmIHackerProof.com

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CHP chief denounces nude photo trading as ‘dehumanizing’National Cyber Security

nationalcybersecurity.com – The California Highway Patrol’s top Bay Area official has condemned the actions of officers who allegedly shared revealing photos stolen from women’s cell phones and promises to vigorously investig…

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