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You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.Extract from article by Craig Newman
In what New York’s top federal prosecutor called a “wake-up call for law firms around the world,” three Chinese citizens have been charged with hacking into the servers of two prominent – but unidentified – international law firms to steal confidential client information in connection with pending M&A deals.
Preet Bharara, the U.S. Attorney for the Southern District of New York, announced the unsealing of a 13-count superseding indictment yesterday, charging Iat Hong, Bo Zheng and Chin Hung with computer intrusion, insider trading, wire fraud and conspiracy. According to the indictment, the three men unlawfully obtained an employee’s log-on credentials at each firm and then accessed the firms’ servers, making off with 52.8 gigabytes of confidential data from one law firm and 7 gigabytes of confidential data from the second law firm. The confidential information was allegedly used to purchase securities ahead of formal deal announcements.
Read the complete article at Indictment Issued in Law Firm Hacks