Security Alerts & News
by Tymoteusz A. Góral

#775 Ukrainian hacker pleads guilty to insider trading in US
A Ukrainian man has pleaded guilty to his role in an insider trading scheme that netted more than $30 million (£20.8 million) in illicit profits.

Vadym Iermolovych, 28, admitted to hacking into newswire agencies and using the unpublished information to gain advantage on the stock market.

Thirty-two people have been charged in connection with the global scheme.

Prosecutors said the defendants used 800 stolen news releases to make trades using the insider information.
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#775 Ukrainian hacker pleads guilty to insider trading in US
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