Incident
incident:newswire_hacking_and_insider_trading_scheme
International criminal scheme involving compromise of three financial newswires, theft of unreleased press releases, and securities trading before public disclosure.
International criminal scheme involving compromise of three financial newswires, theft of unreleased press releases, and securities trading before public disclosure.
“hackers largely operating in Ukraine repeatedly penetrated the networks and servers of Marketwired, PR Newswire, and Business Wire”
“the conspirators stole more than 100,000 news releases, traded ahead of more than 800 releases, and made more than $30 million”
| Direction | Predicate | Other entity | Origin | EP |
|---|---|---|---|---|
| outgoing | INVOLVES | Marketwire | Explicit | 123 |
| outgoing | INVOLVES | PR Newswire | Explicit | 123 |
| outgoing | INVOLVES | Business Wire | Explicit | 123 |
| outgoing | INVOLVES | Ivan Turchynov | Explicit | 123 |
| outgoing | INVOLVES | Arkadiy Dubovoy | Explicit | 123 |
| outgoing | INVOLVES | Vitaly Korchevsky | Explicit | 123 |
| outgoing | INVOLVES | Oleksandr Ieremenko | Explicit | 123 |
| outgoing | INVOLVES | Vadym | Explicit | 123 |
| outgoing | INVOLVES | SQL injection | Explicit | 123 |
| outgoing | INVOLVES | phishing | Explicit | 123 |
| outgoing | INVOLVES | brute-force password cracking | Explicit | 123 |
| outgoing | ATTRIBUTED_TO | Ukraine | Explicit | 123 |
Newswire hacking and insider-trading scheme INVOLVES Marketwire
The scheme involved hacking Marketwire to obtain unreleased press releases.
Explicit Confidence 99% · Jack Rhysider EP 123 Details
“In February 2010, Ivan, the hacker in Ukraine, set his sights on Marketwire.”
Newswire hacking and insider-trading scheme INVOLVES PR Newswire
The scheme involved hacking PR Newswire and accessing unreleased press releases.
Explicit Confidence 99% · Jack Rhysider EP 123 Details
“Then in July 2010, he added PR Newswire to his target list.”
Newswire hacking and insider-trading scheme INVOLVES Business Wire
The scheme involved compromising Business Wire and taking non-public press releases.
Explicit Confidence 99% · Jack Rhysider EP 123 Details
“Eventually he was able to brute force his way into Business Wire this way, and once inside, he started grabbing dozens of non-public press releases.”
Newswire hacking and insider-trading scheme INVOLVES Ivan Turchynov
Ivan Turchynov was the hacker who accessed the newswire systems and stole press releases.
Explicit Confidence 99% · Jack Rhysider EP 123 Details
“He had a guy who was in his twenties from Ukraine called Ivan Turchynov.”
Newswire hacking and insider-trading scheme INVOLVES Arkadiy Dubovoy
Arkadiy was presented as a trader and organizer who received stolen releases and arranged trades.
Explicit Confidence 98% · Jack Rhysider EP 123 Details
“He then sent them directly to Arkadiy and Alexander.”
Newswire hacking and insider-trading scheme INVOLVES Vitaly Korchevsky
Vitaly joined the scheme as a trader using early access to stolen financial information.
Explicit Confidence 99% · Jack Rhysider EP 123 Details
“Vitaly Korchevsky, hedge fund manager and Baptist pastor, was in.”
Newswire hacking and insider-trading scheme INVOLVES Oleksandr Ieremenko
Oleksandr Ieremenko was one of the hackers who took over access to a newswire.
Explicit Confidence 98% · Jack Rhysider EP 123 Details
“They hacked into one of the newswires themselves and cut Ivan’s access off.”
Newswire hacking and insider-trading scheme INVOLVES Vadym
Vadym was brought into the hacking side of the scheme and later admitted hacking all three newswires.
Explicit Confidence 99% · Jack Rhysider EP 123 Details
“He admitted personally to hacking all three of the newswires and stealing employee credentials.”
Newswire hacking and insider-trading scheme INVOLVES SQL injection
The hackers used SQL injection attacks to penetrate newswire systems.
Explicit Confidence 99% · Paul Fishman EP 123 Details
“using a variety of hacking techniques and tactics including brute force attacks, SQL injection attacks, and phishing”
Newswire hacking and insider-trading scheme INVOLVES phishing
The scheme involved phishing as one of the hacking tactics used against the newswires.
Explicit Confidence 99% · Paul Fishman EP 123 Details
“including brute force attacks, SQL injection attacks, and phishing”
Newswire hacking and insider-trading scheme INVOLVES brute-force password cracking
The hackers used brute-force attacks to obtain access to Business Wire.
Explicit Confidence 99% · Paul Fishman EP 123 Details
“including brute force attacks, SQL injection attacks, and phishing”
Newswire hacking and insider-trading scheme ATTRIBUTED_TO Ukraine
The prosecution described the hackers as largely operating in Ukraine.
Explicit Confidence 99% · Paul Fishman EP 123 Details
“hackers largely operating in Ukraine repeatedly penetrated the networks and servers”