Article: Russian hacker pleads guilty in ‘massive’ stock market cyberattack

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Russian hacker pleads guilty in ‘massive’ stock market cyberattack

Jeff Elder, 28 September 2019

This week a Russian hacker pleaded guilty in what the U.S. Department of Justice called “a massive computer hacking campaign targeting U.S. financial institutions, brokerage firms, financial news publishers, and other companies.”

The Southern District of New York case includes dramatic events in which Andrei Tyurin made “an effort to artificially inflate the price of certain stocks” and then “marketed the stocks in a deceptive and misleading manner” to customers whose contact information he stole from companies including an unnamed major financial news agency.

Tyurin’s attorney, Florian Miedel, said in a statement sent to the Avast Blog that his client was “hired by the originators and brains of the scheme” and that he “played a limited role in this far-reaching conspiracy.”

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