Linked – U.S. Charges 3 Chinese Nationals With Insider Trading, Hacking Law Firms
Law enforcement and securities officials have been warning that they expect to see more insider trading cases involving hackers getting into files belonging to law firms. U.S. Attorney Preet Bharara warned that law firms need to step up security measures. “This case of cyber-meets-securities fraud should serve as a wake-up call for law firms around the world: you are and will be targets of cyber-hacking, because you have information valuable to would-be criminals,” Bharara said.
Law firms are targets, and they’re a good place to get information on pending mergers, patent filings IPOs, and so on. Don’t think hackers aren’t aware of this.