There are hacker groups targeting press release distribution sites for insider trading

It is a "mountain of treasure" for stock traders, which raises the possibility of being able to make a huge opportunity in stock trading if company undisclosed information is available. For this reason, there are many hackers aiming at press release distribution sites where information before release is sleeping.

How a hacker network turned stolen press releases into $ 100 million - The Verge
https://www.theverge.com/2018/8/22/17716622/sec-business-wire-hack-stolen-press-release-fraud-ukraine

Press release distribution sites such as Business Wire and Newswires function as an information disclosure center for companies, and a lot of information gathers every day. Some of these information may affect the market, so if you acquire information before publishing and doing trading ( insider trading ) of the stock before the information is known to the public, it is possible to make a huge amount .

For this reason, there is a growing number of cases where stock traders are asking hackers to "hack the press release distribution site and acquire the information before release and pay lateralism, pay the amount corresponding to that" It is said that. Scott Borg, CEO of The US Cyber ​​Consequences Unit, a not-for-profit security research organization, said that "almost all organizations that collect important information on companies are hacked," and it is said that strengthening security is an issue I will.

Among numerous hacks, the hacker corps that Ukrainian Ivan Turtinov was leading, in particular, bothered the US government. Turcinov appears as a hacker aiming at press release distribution sites from around 2009, and gradually expanded its activity scale. I made a group bundling multiple hackers and started to work as a leader of that group.

In 2012, FBI noticed that Turtinov was the leader of a group of hackers, seized laptops and others that were used to commit a crime by getting into the base in Ukraine. However, because the criminal delivering treaty was not tied between the US and Ukraine, the FBI could not afford Turtinov, although he could interrogate the matter.

The situation will make great progress in November 2014, Turtinov 's friend and arrest of Buddy · Yer Morovitch who was a member of a group of hackers. Yer Morrovich was also one of the people who was marked by the FBI, but because he was active in Ukraine, he could not even arrest the FBI until then. However, as a result of not relaxing the mark, I took advantage of Yemoro Bicci's opportunity to travel to Mexico and cooperate with the Mexican authorities. Mexico finally succeeded in bringing him to America, since he had a treaty with the United States for a criminal delivering.

Nine months after the arrest, arrested on charges of insider trading with pastor Vitari Korchevski who was involved with the hacker group. Furthermore, on the same day, four of the hacker groups under Turtinov who were active in the United States were arrested one after another.

Turtinov was sentenced to war against the financial-related database in Ukraine in 2016 and flew to Russia. As of August 2018 it has not been caught yet, but the hacker group led by Turtinov is virtually destroyed.

However, the Tuckinov-led hacker group is one of the whole. The US Securities and Exchange Commission has continued to introduce various security enhancement measures for around eight years from around 2010 in order to eradicate hacking acts aimed at insider trading, and although some are successful, information There are also cases in which it is stolen, and still it is said that the battle with hackers continues.