The Business Times
SUBSCRIBERS

Insider traders have new crime partners - hackers

Evidence shows growing collusion that goes far beyond what handful of prosecutions so far suggests

Published Wed, Aug 12, 2015 · 09:50 PM

Washington

INSIDER traders have long shelled out millions in bribes, manipulated friendships and even traded sex for market tips. Now, they've found a new way to get the data they need: employing computer hackers.

Said Slade Griffin, founder of Knoxville, Tennessee-based Cyphoss Security LLC: "With the ubiquity of hackers now, you can find people online who'll do what you want for a pizza. You combine the financial brilliance of someone who's criminally minded with the ease of access to hackers and hacking tools, why wouldn't you do it?"

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here