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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?"