The Servers of Dow Jones & Co. Breached by Russian Hackers

News - United States (on October 17, 2015 02:17 AM)

The Servers of Dow Jones & Co. Breached by Russian Hackers


 

Why News Organizations Are Juicy Target for Hackers?


Russian hackers said to have sought trading tips by infiltrated servers belonging to Dow Jones, owner of the Wall Street Journal and several other news publications – Reported by Bloomberg

 

The Federal Bureau of Investigation (FBI), Secret Service and the Securities and Exchange Commission (SEC) are investigating the infiltration of servers belonging to Dow Jones by a group of Russian hackers, to get information about trade on before it became public, according to those fimiliar with the matter, says Bloomberg.

 

However, Dow Jones, in a statement, said: “Since Bloomberg published its article, we have worked hard to establish whether the allegations it contains are correct. To date, we have been unable to find evidence of any such investigation.”

 

Contrary to the owner’s statement, according to the Company, more or less 3,500 of its customers’ information about their contact and payment information have been stolen two weeks ago, but after experiencing shameful breach, Company is working with a cyber-security firm and law enforcement to save its servers from raining attacks.

 

The attack is not unique of its nature, news websites have being targeted quite consistently, and regularly by hackers. Chinese hackers were alleged cyber-attacks that had breached Washington Post systems in recent years, as well as breaches at the New York Times and the Wall Street Journal etc.

 

But question remains the same, that why news sites are always very easy, consistent and juicy target for hacker. The answer is very simple and straight, that news sites are filled with full of information, as they are mostly managed by journalists, always focusing to put valuable information. Observing this reality, hackers focus these news websites in order to get information before the time of its release which is valuable to traders looking to gain an edge over other market participants.

 

As Bloomberg has stated, "Information embargoed by companies and the government for release at a later time could be valuable to traders looking to gain an edge over other market participants, as could stories being prepared on topics like mergers and acquisitions that move stock prices."


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