Cybersecurity
UK Man Hacked Executives’ Emails for Illegal Trades, US Says
- Robert Westbrook is charged with hacking executives’ emails
- He allegedly gained access to earnings before public release
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A British man was charged by US prosecutors with hacking corporate executives’ email accounts to obtain confidential earnings information.
Robert B. Westbook made more than $3 million trading on the hacked information ahead of public announcements, according to an indictment unsealed Friday by New Jersey federal prosecutors. The Securities and Exchange Commission also filed a parallel lawsuit.