United Kingdom: UK regulators likely to scrutinise data security after alleged US insider trading hacking, says expert

Published August 13, 2015 by godshope1971

The Securities and Exchange Commission (SEC) announced on Tuesday that it has charged 32 people with fraud over what it claimed was their “part in a scheme to profit from stolen nonpublic information about corporate earnings announcements”. It has filed papers with a district court in New Jersey (62-page / 2.75MB PDF) which outlines the activities it said it has uncovered.

The SEC said that hackers used “advanced techniques” to access hundreds of announcements about businesses’ financial results from newswire services before those services released the information publically. ∞∞∞∞∞ MORE »»»»

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