Fraud
Three major US defense firms were among the victims of an alleged hacking ring based in Ukraine that accessed and leaked press releases to co-conspirators who traded on the information before it became public.
Boeing, Northrop Grumman and Honeywell, all top 20 global defense firms, were among the victims listed in a federal indictment unsealed Monday in New Jersey. The charges accuse a ring of Ukrainian hackers of breaking into the networks of newswires that routinely issue press releases on behalf of big companies, then passing along valuable information to accomplices who made trades based on the not-yet-known announcements.
Boeing, Northrop Grumman and Honeywell, all top 20 global defense firms, were among the victims listed in a federal indictment unsealed Monday in New Jersey. The charges accuse a ring of Ukrainian hackers of breaking into the networks of newswires that routinely issue press releases on behalf of big companies, then passing along valuable information to accomplices who made trades based on the not-yet-known announcements.
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