"Criminal-Seeking-Hacker" Requests Network Breach for Insider Trading Operation
Private Industry Notification
Federal Bureau of Investigation, Cyber Division
A financially motivated cyber crime insider trading scheme targets international law firm information used to facilitate business ventures. The scheme involves a hacker compromising the law firm’s computer networks and monitoring them for material, non-public information (MNPI)1. This information, gained prior to a public announcement, is then used by a criminal with international stock market expertise to strategically place bids and generate a monetary profit.