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Ukrainian Hacker Makes a Killing in Stock Market Fraud

February 24th, 2008 Posted in Politics & Current Affairs, Security

I’m very sure that this is not the first time, nor the last we will see cases like this …

The case involves a Ukrainian engineering consultant named Oleksandr Dorozhko who is alleged to have hacked into a computer that contained advance information about a negative earnings announcement for IMS Health, a company that provides market research to the pharmaceutical and health care industries.

indicative of an emerging hacking-for-profit trend that just might allow the perpetrator to keep his ill-gotten gains. In this case, the crime doesn’t involve hacking databases to steal credit and debit card numbers, but hacking a computer to obtain inside information in order to profit on the stock market.

Ukrainian Hacker Makes a Killing in Stock Market Fraud (Feb 15, 2008, Wired: Threat Level))

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