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Chinese Hackers FINED 9 Million for Stealing Trade Secrets!

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It's about time!

Three Chinese hackers have been ordered to pay $8.8 million (£6.8 million) after hacking email servers of two major New York-based law firms to steal corporate merger plans in December 2016 and used them to trade stocks.

The U.S. District Judge Valerie Caproni in Manhattan sued 26-year-old Iat Hong, 30-year-old Bo Zheng, and 50-year-old Hung Chin, over a multi-million dollar insider trading scam.

 

Peace Of Mind Isn’t Priceless.

 

Alex Athineos,
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Guest Tuesday, 27 October 2020