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Chinese hackers of NY law firms charged

January 3, 2017

Interesting publication. This event is all about unlawfully obtained credentials. Wall Street Journal started to publish this latter part of December

 

The charges accuse the men of using "unlawfully obtained credentials" of law firm employees to hack into at least seven law firms engaged in a number of prominent merger and acquisition deals. Once they penetrated the firms' email systems, the men allegedly targeted accounts of leading partners at the law firms engaged in high-profile M&A transactions, such as deals involving the drug maker Intermune, Intel and business services company Pitney Bowes.

 

After hacking their way into the networks of seven law firms and siphoning out data that was used in making $4 million profit in trades, three Chinese men were hit with charges and one was arrested.

 

Our partner and solution provider Exabeam addresses exactly this increasing security risk by analyzing USER BEHAVIOR using User Behavior Analytics (UBA). More can be read on our website here

 

The publication can be found here.

 

 

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