A group of cyber-criminals have been hacking into the emails of publicly traded health care and pharmaceutical companies for over a year now. Their activities are detailed in a report released this morning by FireEye, a security research company in Silicon Valley.
The majority of the victims are top-level executives who are fooled by emails sent by client accounts, says Nicole Perlroth, who has written about the hacks in the New York Times.
The hackers are not deploying malware or anything that could potentially alert an anti-virus product, instead they’re essentially going through the email accounts in search of company information that can affect the stock market.
“According to the security researchers that first discovered these hackers, they think that they’re former I-bankers or at least have worked in the investment banking industry themselves,” Perlroth says.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.