Topics pertaining to technology, especially as they pertain to business issues are discussed. Such topics include using tech to boost productivity, marketing with social media, cybersecurity, and numerous other topics.
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Saturday, May 13, 2017
Hackers who stole information from law firms and made millions by insider trading, fined $9 million
Three Chinese citizens have been ordered to pay $8.8 million, after hacking into two prominent New York-based law firms, stealing sensitive plans for upcoming corporate mergers and acquisitions, and trading shares using non-public inside information.
26-year-old Iat Hong, 30-year-old Bo Zheng, and Hung Chin, 50, have been fined $8,895,561.12 after allegedly racking up almost $3 million in illegal profits through their insider trading scheme.