Are hackers after your M&A info? Before you answer, read on

Posted on 02-25-2015 by
Tags: Trending News & Topics , Mergers & Acquisitions

According to Lexis Nexis ® Corporate Counsel Advisory, if you work for companies in the health-care and pharmaceutical industries, you might want to be a little careful. According to a report released by FireEye, Inc, a group of hackers are actively pursuing confidential M&A communications.

According to FireEye, a hacking group called “FIN4” has been concentrating their attention on stealing usernames and passwords to the email accounts of individuals such as chief executives, outside counsel, researchers and scientists, people who have non-public information about mergers and acquisitions. The primary target is information that is about “events that will cause stock prices to rise or fall substantially in a short period of time. “Since at least mid-2013.”

Of the more than 100 organizations targeted according to the report, over 2/3 of them are public health-care and pharmaceutical companies.

Spearfishing is one of the tools in FIN4’s toolbox and getting in and out without detection is how they work.

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