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ARTICLE · 09 JANUARY 2015

Sophisticated Hackers May Be Trading With Stolen M&A Data

A hacker group have infiltrated over 100 publicly traded companies and advisory firms since at least mid-2013 and are likely trading using inside information.

CanadaCorporate/Commercial Law

A recent report by security consulting firm FireEye reveals that a hacker group, referred to as FIN4, have infiltrated over 100 publicly traded companies and advisory firms since at least mid-2013 and are likely trading using inside information. FIN4's ongoing hacking efforts particularly target the email accounts of individuals with access to non-public information about imminent M&A deals and other market catalysts. According to the report and an interview with Jen Weedon, FireEye's manager of threat intelligence, the highly tailored tactics and level of sophistication suggest that the hackers may be individuals with experience on Wall Street.

Focus on M&A deals and healthcare sectors

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