Hackers Infiltrated Business Newswire Websites to Make Millions from Insider Deals

A nine person hacking ring has been accused of hacking business newswire websites to obtain insider information. The ring allegedly made $100 million in profit from this scheme between 2010 and 2015.
According to an article on Stockhouse:

It is being called the biggest case of its kind ever prosecuted, and one that demonstrated yet another way in which the financial world is vulnerable to cybercrime.
The Securities and Exchange Commission also brought civil charges against the nine plus 23 other people and companies in the U.S. and Europe.
The nine people indicted include two people described as Ukrainian computer hackers and six stock traders. Prosecutors said the defendants made $30 million from their part of the scheme.
Authorities said that beginning in 2010 and continuing as recently as May, they gained access to more than 150,000 press releases that were about to be issued by Marketwired; PR Newswire in New York; and Business Wire of San Francisco. The press releases contained earnings figures and other corporate information.
Click here to read the entire article on Stockhouse.