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Cyber Criminals Win Playing the Insider Game

Cyber Criminals Win Playing the Insider Game (Strategy and Planning)

It is believed their intent was to obtain access to inside information that would have a significant influence on future stock valuations, as targeted individuals were key employees who may have possessed nonpublic information about merger and acquisitions and/or other market moving announcements. In addition to media relations outlets, cyber criminals have also successfully targeted law firms to steal information associated with clients, more specifically to obtain nonpublic information about mergers and acquisitions. Given the proven success of hacking being used to obtain insider information, as well as the widespread and low-cost availability of hacking tools and services available within underground marketplaces, internal risk managers and security executives must examine how their overall cybersecurity strategy addresses the cyber criminal insider trading threat.  For starters, companies should conduct cyber risk assessments to examine the strength of defenses surrounding sensitive information that could be used to conduct non-traditional insider trading.

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