funsec mailing list archives
Re: SEC: Russian Trader Used Stolen Passwords
From: Nick FitzGerald <nick () virus-l demon co uk>
Date: Thu, 21 Dec 2006 13:17:23 +1300
ferg wrote: <<snip>>
The commission said the trader, Evgeny Gashichev, who was trading though an account of Grand Logistic, a Belize corporation based in Estonia, had used the Internet to steal passwords of account holders at online brokerage firms, among them E*Trade Securities, TD Ameritrade and Scottrade. The commission said Gashichev would buy, through his own account, shares in a thinly traded company. Immediately afterward, he would use the accounts of victims to buy large amounts of the stock, driving up the price. He would then sell his shares into that demand. In some cases, he would then sell the stock short, profiting further when the price declined.
Interesting story -- thanks ferg! The only thing that really surprises me though is that it has taken this long for such a combination of techniques to be reported... Regards, Nick FitzGerald _______________________________________________ Fun and Misc security discussion for OT posts. https://linuxbox.org/cgi-bin/mailman/listinfo/funsec Note: funsec is a public and open mailing list.
Current thread:
- SEC: Russian Trader Used Stolen Passwords Fergie (Dec 20)
- Re: SEC: Russian Trader Used Stolen Passwords Nick FitzGerald (Dec 20)