Ukrainian Hacker Admits Stealing Corporate Press Releases for $30 Million Profit

A 28-year-old Ukrainian hacker has pleaded guilty in the United States to stealing unpublished news releases and using that non-public information in illegal trading to generate more than $30 Million £20.8 Million in illicit profits. Vadym Iermolovych, 28, admitted Monday that he worked with two...

Founder of 'Liberty Reserve' Sentenced to 20 years in Prison

In Brief Arthur Budovsky, co-founder of popular digital currency business 'Liberty Reserve', was sentenced Friday to 20 years in prison for running a money laundering scheme for hackers, identity thieves, child pornographers and drug dealers around the globe. Since its inception, 2005, to the yea...

Feds Bust $14 m Cybercrime Ring That Hijacked iTunes, Netflix Traffic To Rake in Ad Dollars

An indictment filed in U.S. District Court for the Southern District of New York charges seven individuals with a a global scheme to commit Internet advertising fraud. The scheme infected more than four million machines in over 100 countries with malware. It is believed to have netted the scammer...