Hacking into newswire services can land you a 20-year prison sentence, in case you didn’t know. And this is exactly what 28-year-old Ukrainian hacker Vadym Iermolovych is facing. The hacker pleaded guilty in a federal court in Newark, New Jersey, on Monday, on the case of making $30 million by trading non-public information about corporate earnings. What Iermolovych basically did was, according to Bloomberg, hack into newswire services (PR Newswire, Business Wire and Marketwired) and steal 150,000 unpublished press releases showing corporate earnings. He’s been doing that from February 2010 to November 2014. They also had to move from server… [Continue Reading]
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