Hacker holds onto ill-gotten gains thanks to US courts

Oleksandr Dorozhko made almost $300,000 in stock-option trading by using insider information that was obtained after someone hacked into the network of a company called IMS Health. Jeremiah Grossman, the CTO of WhiteHat Security, says here that the loophole, if left unclosed, could also aid hacks that technically don't require the bypassing of password requirements or other security measures. Prosecutors with the Justice Department are probably free to file criminal charges against Dorozhko for computer hacking. So thanks to the arcana of US securities laws, illegal hacking does pay

Posted in |

0 comments: