Russian hackers stole info from Dow Jones to make trades

October 20 02:13 2015

Russian hackers penetrated servers at Dow Jones & Co. to steal information to make trades, Bloomberg reported Friday. The FBI and Securities and Exchange Commission are investigating the infiltration, the news organization reported. In a statement, Dow Jones & Co. said that since Bloomberg published its article, “we have worked hard to establish whether the allegations it contains are correct. To date, we have been unable to find evidence of any such investigation.”USA - Business - Dow Jones Sign

Earlier this month Rupert Murdoch’s News Corp. acknowledged that several of its publications, including The Wall Street Journal and Barron’s, had found evidence of hacks into their systems dating back to 2012. This type of targeted white collar hacking is on the rise, said Ken Westin, a senior security analyst for Tripwire, a Portland, Ore.-based security company.

“The goal of these intrusions is to target information that is valuable to traders or competitors. These kinds of intrusions can be pre-meditated — hackers are paid in advance by traders in order to gain access to certain types of data. They can also be opportunistic and the hacker(s) sell the data to traders or competitors after the fact. Embargoed data can have tremendous value in the right hands,” he said.

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