China jails hacker for 3 years

[William Knowles <erehwon () KIZMIAZ DIS ORG>]

http://www.techserver.com/noframes/story/0,2294,500057111-500094072-500360224-0,00.html

BEIJING (November 14, 1999 8:07 a.m. EST http://www.nandotimes.com) -
In the first such case in China, a computer hacker convicted of
manipulating prices on the Shanghai Securities Exchange was sentenced
to three years in prison, state media said Sunday.

Zhao Zhe, a staff member at a securities company, broke into the
computer system of the Shanghai Securities Department of the Sanya
Zhongya Trust Investment Company and changed five transaction records,
the Xinhua news agency said.

He caused the turnover of two stocks to rise drastically and brought
about a direct loss of 2.95 million yuan (the equivalent of $355,000),
Xinhua said.

The hacker was also fined 10,000 yuan - the equivalent of $1,200.


==
Some day, on the corporate balance sheet, there will be
an entry which reads, "Information"; for in most cases
the information is more valuable than the hardware which
processes it. -- Adm. Grace Murray Hopper, USN Ret.
==
http://www.dis.org/erehwon/

ISN is sponsored by Security-Focus.COM