Cyber Security

Cybercrime Group Preys on Wall Street Insider Information

“A criminal hacking group with an innate understanding of how Wall Street moves and what influences stock prices has found a soft spot in more than 100 publicly traded companies and is stealing, among other data, mergers and acquisitions intelligence.

The group is homed in on healthcare and pharmaceutical organizations, their advisory firms, including legal counsel, investor relations, and investment banking partners, and is using well-crafted phishing campaigns to steal legitimate email credentials. Once they gain access to an email account belonging to a top executive, outside consultant, legal counsel or researcher, they’re able to gain insider information that could influence stock prices and put them at a trading advantage.”

Source:Cybercrime Group Preys on Wall Street Insider Information | Threatpost | The first stop for security news

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