#SecuritiesFraud

U.K. Hacker Charged in $3.75 Million Insider Trading Scheme Using Hacked Executive Emails

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September 30, 2024 at 10:48PM The U.S. Department of Justice has charged a U.K. national, Robert Westbrook, with executing a fraudulent scheme that allowed him to gain unauthorized access to corporate executives’ Microsoft 365 accounts, enabling him to generate millions in profits through securities fraud. Westbrook could face up to 20 years in prison and … Read more

SolarWinds Files Motion to Dismiss SEC Lawsuit

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January 29, 2024 at 04:50PM SolarWinds disputed SEC’s jurisdiction and denial of cybersecurity shortcomings charges. SEC alleged SolarWinds failed to protect systems and misled customers about cyber threats. SolarWinds insisted it made proper disclosures, and SEC seeks to regulate cybersecurity controls beyond its scope. SolarWinds maintained transparency and claimed to be unfairly characterized as a … Read more