CyberNews Briefs

Black hat hackers, white collar criminals snuggle up to operate insider trading schemes

According to research by Splunk, the past year has seen a steady increase of insider trading schemes, in which white collar criminals collaborate with black hat hackers in order to monetize valuable business data.

This development is linked to the decreasing profitability of more traditional cybercrimes, such as cyber extortion and the theft of credit card data and other sensitive personal information. Cybercriminals are now actively looking to cooperate with business insiders in order to acquire more valuable, business-specific information such as earnings reports, mergers & acquisitions, FDA approvals, and patient data.

Read more: Black hat hackers, white collar criminals snuggle up to operate insider trading schemes

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