Two weeks ago I made cybersecurity predictions for 2017, and it didn’t take long for one of my predictions to be realized. In fact, it occurred before 2016 was even over.
Earlier this week federal indictments were brought against three Chinese nationals on charges of hacking into at least seven law firms and stealing inside information about mergers and acquisitions involving clients of the law firm. Prosecutors say this inside information was used by the hackers to make stock trades before the public was aware of the impending mergers or takeovers and to make illegal profits of more than four million dollars on the transactions.
This cybercrime is noteworthy not just because it represents a