Russian Businessman Sentenced to Nine Years in Prison in $93 Million Hack-to-Trade Conspiracy
BOSTON – A Russian businessman was sentenced today in federal court in Boston for his involvement in an elaborate hack-to-trade scheme that netted approximately $93 million through securities trades based on confidential corporate information stolen from U.S. computer networks. Vladislav Klyushin, a/k/a “Vladislav Kliushin,” 42, of Moscow, Russia, was sentenced by U.S. District Court Judge […]

Should senior IT professionals be liable for breaches?
In July, SolarWinds CISO Tim Brown and CFO Bart Kalsu received Securities and Exchange Commission notices of potential enforcement action over alleged violation of securities laws. The issue stems from their response to the Russian hack of the Orion network monitoring software in 2020 — a product used by more than 30,000 organisations. This isn’t the first […]