Cyber Security

US agencies offer $2M reward for Ukrainian hackers

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The US State Department and Secret Service offered $2 million in reward money for capturing two Ukrainian hackers who have been charged with hacking and selling insider corporate data stolen from the Securities and Exchange Commission.

This offer was covered by the State Department’s Transnational Organized Crime Rewards Program.

The two hackers in question are Viacheslavovich Radchenko and Oleksandr Vitalyevich Ieremenko, whose information is required that might lead to their arrest.

The United States Securities and Exchange Commission (SEC) revealed in mid-2017 of being a victim of a cyber-attack which occurred in 2016. During those days the hackers were focused on non-public information stored in its EDGAR filing system.

According to the advisory published by the US State Department, from around February 2016 to about March 2017, Artem Viacheslavovich Radchenko recruited Oleksandr Vitalyevich Ieremenko and other hackers in Ukraine and managed their criminal efforts to enrich themselves through a sophisticated securities fraud scheme. Ieremenko successfully hacked into the computer networks of the U.S. Securities and Exchange Commission (SEC) and gathered valuable data regarding the financial earnings of publicly traded companies.

The two hackers were charged in January 2019 for being part of a scheme to profit from information stolen from a government database.

They were accused of trading on and selling early access to sensitive information from non-public annual and quarterly reports. A federal grand jury in New Jersey filed 16 criminal charges against them.

A press statement published by the US Department of State reads that cyber criminals do not observe nor respect the rule of law in any country.  As their criminal reach is worldwide, the cooperation and coordination of all governments are expected to bring these criminals to justice and protect innocent citizens throughout the world.

The United States is committed through the State Department’s Transnational Organized Crime Rewards Program (TOCRP) to help the law enforcement partners bring cyber and other transnational criminals to justice.

Image Credits : Wall Street Journal

Priyanka R
Cyber Security Enthusiast, Security Blogger, Technical Editor, Author at Cyber Safe News

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