FBI issues warning to law firms

Linn Foster Freedman of Robinson & Cole writes:

The FBI has issued a Private Industry Notification to law firms indicating that a cyber crime insider trading ring is targeting “international law firm information used to facilitate business ventures.” According to the FBI “[T]he scheme involves a hacker compromising the law firm’s computer networks and monitoring them for material, non-public information….This information, gained prior to a public announcement, is then used by a criminal with international stock market expertise to strategically place bids and generate a monetary profit.”

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