Estonian market timers hack PR Web site Business Wire

by Bill Detwiler in Banking

on November 4, 2005, 6:11 AM PST

Estonian market timers hack PR Web site Business Wire

According to various news sources, two employees from Lohmus Haavel & Viisemann, an Estonian financial services firm, used a spider to view press releases from Business Wire before the releases went public. These cybermiscreants then timed their financial investments around the information in the press releases–mergers, acquisitions, major announcements. Check out more information: CNET News.com ...

According to various news sources, two employees from Lohmus

Haavel & Viisemann, an Estonian financial services firm, used a spider to

view press releases from Business Wire before the releases went public. These

cybermiscreants then timed their financial investments around the information

in the press releases–mergers, acquisitions, major announcements.

Check out more information:

CNET News.com

NPR

By Bill Detwiler

Bill Detwiler is the Editor for Technical Content and Ecosystem at Celonis. He is the former Editor in Chief of TechRepublic and previous host of TechRepublic's Dynamic Developer podcast and Cracking Open, CNET and TechRepublic's popular online show. Previously, Bill was an IT manager in the social research and energy industries. He has bachelor's and master's degrees from the University of Louisville, where he has also lectured on computer crime and crime prevention.

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Estonian market timers hack PR Web site Business Wire