{"id":66992,"date":"2024-10-01T19:40:59","date_gmt":"2024-10-01T19:40:59","guid":{"rendered":"https:\/\/ushopwell.com\/ublog\/crook-made-millions-by-breaking-into-execs-office365-inboxes-feds-say\/"},"modified":"2024-10-01T19:40:59","modified_gmt":"2024-10-01T19:40:59","slug":"crook-made-millions-by-breaking-into-execs-office365-inboxes-feds-say","status":"publish","type":"post","link":"https:\/\/ushopwell.com\/ublog\/crook-made-millions-by-breaking-into-execs-office365-inboxes-feds-say\/","title":{"rendered":"Crook made millions by breaking into execs\u2019 Office365 inboxes, feds say"},"content":{"rendered":"
\n
\n
\n \"Crook<\/p>\n

Enlarge<\/a> (credit: Getty Images)<\/p>\n<\/figure>\n

<\/a><\/div>\n

Federal prosecutors have charged a man for an alleged \u201chack-to-trade\u201d scheme that earned him millions of dollars by breaking into the Office365 accounts of executives at publicly traded companies and obtaining quarterly financial reports before they were released publicly.<\/p>\n

The action, taken by the office of the US Attorney for the district of New Jersey, accuses UK national Robert B. Westbrook of earning roughly $3.75 million in 2019 and 2020 from stock trades that capitalized on the illicitly obtained information. After accessing it, prosecutors said, he executed stock trades. The advance notice allowed him to act and profit on the information before the general public could. The US Securities and Exchange Commission filed a separate civil suit against Westbrook seeking an order that he pay civil penalties and return all ill-gotten gains.<\/p>\n

Buy low, sell high<\/h2>\n

\u201cThe SEC is engaged in ongoing efforts to protect markets and investors from the consequences of cyber fraud,\u201d Jorge G. Tenreiro, acting chief of the SEC\u2019s Crypto Assets and Cyber Unit, said in a statement<\/a>. \u201cAs this case demonstrates, even though Westbrook took multiple steps to conceal his identity\u2014including using anonymous email accounts, VPN services, and utilizing bitcoin\u2014the Commission\u2019s advanced data analytics, crypto asset tracing, and technology can uncover fraud even in cases involving sophisticated international hacking.\u201d<\/p>\n<\/div>\n

Read 7 remaining paragraphs<\/a> | Comments<\/a><\/p>\n<\/div>\n

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Enlarge (credit: Getty Images) Federal prosecutors have charged a man for an alleged \u201chack-to-trade\u201d scheme that earned him millions of dollars by breaking into the Office365 accounts of executives at publicly traded companies and obtaining quarterly financial reports before they were released publicly. The action, taken by the office of the US Attorney for the district of New Jersey, accuses UK national Robert B. Westbrook of earning roughly $3.75 million…<\/p>\n","protected":false},"author":1,"featured_media":66993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[],"class_list":["post-66992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"yoast_head":"\nCrook made millions by breaking into execs\u2019 Office365 inboxes, feds say - UshopWell.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ushopwell.com\/ublog\/crook-made-millions-by-breaking-into-execs-office365-inboxes-feds-say\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crook made millions by breaking into execs\u2019 Office365 inboxes, feds say - UshopWell.com\" \/>\n<meta property=\"og:description\" content=\"Enlarge (credit: Getty Images) Federal prosecutors have charged a man for an alleged \u201chack-to-trade\u201d scheme that earned him millions of dollars by breaking into the Office365 accounts of executives at publicly traded companies and obtaining quarterly financial reports before they were released publicly. 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