Accused hackers make millions off insider trading info

The US district attorney charged three Chinese citizens for hacking two law firms and making more than $4 million from the information they allegedly stole.

The three men, identified as Iat Hong, Bo Zheng and Chin Hung, are accused of targeting law firms that specialized in mergers and acquisitions and hacking their email servers to siphon off insider trading scoops. The three had targeted seven law firms in New York, and successfully breached two unnamed firms, Preet Bharara, the US district attorney for New York, said in a statement on Tuesday.