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.

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By Bill Detwiler

Bill Detwiler is Editor in Chief of TechRepublic and the host of Cracking Open, CNET and TechRepublic's popular online show. Prior to joining TechRepublic in 2000, Bill was an IT manager, database administrator, and desktop support specialist in the ...