foreigners jailed for parting fools from their money.
The computer hacking and securities fraud ring that was broken up by US authorities this week was "one of the most intricate and sophisticated trading rings that we have ever seen," the US Securities and Exchange Commission has said. Some 32 people were charged on Monday with offenses related to the scheme, which the SEC …
Friday 14th August 2015 02:23 GMT Anonymous Coward
"At PR Newswire, we take security very seriously and are dedicated to protecting our information and systems," the company said in a statement. "As cybersecurity threats continue to evolve, so will our Information Security practices."
Obviously not well enough. The methods cited have been part of the repertoire for over two decades. And no logs, nor pen-testing, revealed anything at all? Or were you skipping log analyses and those pen-tests, stock in trade for at least a decade? [Leer from Simon as if at some executive vermin, soon to be squashed beneath a pair of size 12 's.]
Some days I actually have sympathy for the (PRC) approach to corporate malfeasace. These days are becoming too frequently of late. Pitiful.
[Urgent request for BOFH icon. Exercising the Nuclear option.]
Friday 14th August 2015 02:46 GMT Mark 85
Instead of platitudes maybe felony charges for the C-Suiters...
Complacency in security should be a felony for the C-Suiters, IMO. This was going on for an awful long time for them to say they take security seriously. So either they were complacent or someone was getting paid off to fiddle with logs, etc. and look the other way.
And yes, this goes for Target, Home Depot, Sony, et al, and then there's OPM. The ones at the top of the food chain making the big bucks and bonuses and who's decision is final, should be accountable.
Perhaps a law here or there on this, and then some large personal fines and jail time will change the corporate (and government) views and actions on security. But we all know, the lobbyists and governmental department heads will never let this happen.
Icon... because the C-Suiters are abetting real piracy... and not IP.
Friday 14th August 2015 08:08 GMT Joe Harrison
Friday 14th August 2015 10:30 GMT Anonymous Coward
Friday 14th August 2015 13:12 GMT gerryg
Re: ??? I really don`t understand..
There's a code of conduct in order to co-ordinate the release of financially advantageous information. The press releases are sent out early and embargoed until x o'clock on y day. It's so everyone get the information at the same time in order to prevent the arbitrage of privileged information (a mild version of insider trading but as we see, with similar opportunities)
Friday 14th August 2015 11:26 GMT Alistair
And the Banking Industry execs are
Still out there sipping their $7.50/cup latte's and munching on their $8/per pastries in BarStucks.
And are now feeling smug since the SEC caught a bunch of pleb's gaming the systems and put them back where they belong.
<sorry - renegotiating a mortgage this month, my bias is showing, and the grumpy is strong with this one.>
Friday 14th August 2015 22:51 GMT Unicornpiss
Monday 17th August 2015 08:57 GMT popsiq
Just Asking for It
Why are they routing sensitive financial information through internet servers in Ukraine? The Brits are saying, to day that highly sensitive information on nuclear weapons was 'accidentally' routed between the US sources and the British recipient through servers in Ukraine and eastern Europe.