Ukrainian Hacker Admits Stealing Corporate Press Releases for $30 Million Profit

May 17, 2016

A 28-year-old Ukrainian hacker has pleaded guilty in the United States to stealing unpublished news releases and using that non-public information in illegal trading to generate more than $30 Million (£20.8 Million) in illicit profits.

Vadym Iermolovych, 28, admitted Monday that he worked with two other Ukrainian hackers to hack into computer networks at PR Newswire, Marketwired and Business


Source: http://feeds.feedburner.com/TheHackersNews

Author: Charles Tendell

With nearly 20 years of experience as an accomplished cybersecurity expert and serial entrepreneur, Charles has been featured in The New York Times, ABC’s Good Morning America, Fox News, CNN and several international and military publications GX, The Guardian and Forbes.

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