British Man Arrested for Hacking to Obtain Confidential Earnings Information, Making $3.75 Million

Sep 27, 2024, 06:32 PM

A British man has been arrested and charged by US authorities for hacking into the computers of five companies to obtain confidential earnings information from corporate executives' email accounts. The individual allegedly made $3.75 million in illegal profit by trading on this information before the companies released their earnings results. The charges were brought by US prosecutors, highlighting the ongoing issue of cybersecurity breaches and insider trading.