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Breakingviews: Hacking M&A

Tuesday, December 02, 2014 - 03:14

Breakingviews editors log into the tale of a shadowy quasi-hedge fund known as FIN4 which hacks companies' email accounts to grab market-moving inside information.

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Tor and thin for Celek they might be code names for the next big emanate transaction. But in fact they are pieces of a big hacking attack. That it just happened in the Yemeni world Richard what I mean we've heard about hacking it pretty much everywhere now we've got a new front. To love this this is kind of inching every hedge fund is they'll say drugs and it is but the original wants some special edge of information it's almost like there's this. Underground hedge fund trying to get information by hacking into all kinds of companies that advises like lawyers and bankers. To try and get information ought to emanate deals and they've been unveiled by a group called fire on a security experts and apparently this group which as far as calling for info that's that's whether I want to general. The tax mullah undergo realizations to schism which it companies mostly from a and healthcare companies that Apple's been very volatile. Think that given the sensitivity is information that some really specialized. To infiltration scheme in fact they're using pretty. Basic tools of the trade. The other the sophistication there isn't isn't the wording but this is just fishing it's over Michael's been efficient very targeted Phishing with a PH. So in this group will send an email somebody which looks very legit reads like it's from a somebody and on Wall Street you know very the jug and as a lever it's all right gets them to click on some link. And then they capture email credentials and up that they can read the email traffic and find out what's going off so it's a very unsophisticated way ahead at most people should really Nevada. Since to let that happen. They sort of what becomes this other is there any kind of real security response surgeons like be smarter don't click on swell it's not a mean there are into it they're always gonna get in attacks like this always gonna succeed at some. Percentage right people get a full for an. A minute then day did today and you have to try and watch for activity and one of the things mean and you know it's it's hard maybe because other people involved C a legitimate credentials seem legitimate credential so it's really hard to say. That being done right but. This group has been. Coming from specific domains and also sometimes through this single tool which is this the sort of a lullabies to networking and Illinois incidents software. That a lot of people use it. Think he has more effect for western it's not a lot of these broader retired for thinking are from Russia China. This one's looking more local made him yeah I mean certainly far ways deduction and currency if you like is that its of its in this is a group of westerners. Probably familiar with the Wall Street because they seemed to be day to speak is facing a no credit had duel with Jones it's it's kind of been staying in. It seems like they're off to I mean unit. Trusting unless it's your deal on wells edit it it seems like they're up to look at leaving information and I saw tonight what they didn't do with the information because old bullet. We know is that they go after it right. But that seems an oft of had drug use and Emily news alert that's kind of had a new front in the banking if you know the least to me earlier that there shall be more on the subject of more bureaucracy more breaking views tomorrow.

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Breakingviews: Hacking M&A

Tuesday, December 02, 2014 - 03:14