Hacking Wall Street: Hackers cash in with insider trading

The bust of an international hacking ring that spent years manipulating the stock market has many proclaiming a new, insidious era of insider trading.

On Tuesday, federal authorities brought charges against 32 people and companies that allegedly conspired to steal unpublished financial press releases and shuttle that information to traders. Together, officials say the group made over $100 million in profits off illegal trades.

While investigators and prosecutors say they’ve been attuned to the threat for years, most thought the incidents were unaffiliated outliers.

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