Donate today and your gift will be matched dollar-for-dollar by the American Public Media Board.
Feds announce charges against Chinese hacker-insider traders
Share Now on:
Insider trading depends on getting access to inside information, and as more and more information is digitized, hackers are finding a new way to make a profit. That’s what allegedly happened in a case announced Tuesday by the U.S. attorney in Manhattan, which charges three Chinese traders with hacking into two law firms’ records in 2014 and 2015, stealing emails and then using the info therein to make profitable trades. Georgia Quinn of iDisclose and Matthew Schwartz of Boies Schiller and Flexner talked to us about the rise of this new type of cybercrime, which may be hard to prevent.
Click the above audio player to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Don’t miss this special