Jan 15, 2019

SEC sues press release hackers for 2016 breach

HTML code on a laptop. Photo: Jens Büttner/picture alliance via Getty Images

The U.S. Securities and Exchange Commission has charged a group of hackers in the U.S., Ukraine, and Russia with perpetrating a 2016 breach of its online corporate filing portal (EDGAR), and making more than $4.1 million in gains from using non-public information about companies.

Why it matters: The SEC says that this is the same group that hacked corporate press release websites and similarly used non-public information to make trades. The U.S. attorney’s office for the District of New Jersey has filed criminal charges against the group as well.

Go deeper: How an international hacker network turned stolen press releases into $100 million

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Your best defense against coronavirus

Photo: Adrian Greeman/Construction Photography/Avalon/Getty Images

Washing your hands is the best way to protect against the novel coronavirus, according to doctors and health officials, as the virus continues to spread around the globe.

Why it matters: Clean hands can stop germs from spreading in a community, a known characteristic in COVID-19 and influenza.

Go deeperArrow48 mins ago - Health

Major League Soccer embarks on its 25th season

Illustration: Aïda Amer/Axios

As Major League Soccer begins its 25th season, the league is financially stable and surging in popularity, and its 26 teams have gorgeous facilities and rapidly increasing valuations.

  • It also continues to expand, with David Beckham's Inter Miami and Nashville SC set to debut this season as the 25th and 26th teams. Plans are in place to reach 30 franchises by 2022 — triple the number from 2004.
Go deeperArrow2 hours ago - Sports

Wall Street falls 3% as coronavirus correction worsens

raders work on the floor of the New York Stock Exchange. Photo: Scott Heins/Getty Images

Stocks fell more than 3% on Friday morning, pushing stocks further into correction territory.

Why it matters: It continues the ugly stretch for Wall Street that began after a spike in coronavirus cases around the world. The S&P is 15% below its recent peak, edging closer to the mark that would technically end the market’s decade-long rally.

Go deeper: The growing coronavirus recession threat