The mega - hack of various major banks and corporates is sure to signal the next frontier in securities fraud : the stealing of non - public securities for stock trading purposes , or so says the Independent . In reality , the world already moved through that frontier with a few such cases coming to courts so far this year . What makes the raid of JP Morgan , Dow Jones and others a major success is the sheer scale of the enterprise : dozens of affiliated hackers working in harmony for a common ( monetary ) aim .
The mega-hack of various US banks and corporates is said to signal the next frontier in securities fraud: the stealing of non-public data for stock trading purposes, or so says the Independent. In reality, the world already moved through that frontier with a few such cases coming to courts so far this year. What makes the hacking of JP Morgan, Dow Jones and others a major event is the sheer scale of the enterprise: dozens of affiliated hackers working in harmony for a common (monetary) aim.