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You simply log into the Bloomberg/AP/NYTimes account, post some fake economic or political news, and then call in some options you purchased the week before. I
by georgeglue1 11y ago
You simply log into the Bloomberg/AP/NYTimes account, post some fake economic or political news, and then call in some options you purchased the week before.
If done intelligently, this is incredibly difficult to trace. There is risk (rather than a straight-up sale), but the expected returns are probably an order of magnitude higher.
- argonaut 11y agoGiven that the risk is you go to jail, I'm not so sure.
- bcook 11y agoI thought most blackhat activities already implied the threat of jail-time...
- nemothekid 11y ago>You simply log into the Bloomberg/AP/NYTimes account, post some fake economic or political news, and then call in some options you purchased the week before. It would likely be far cheaper and easier to execute something like this via social engineering than using an actual exploit. I'm reminded of the time Twitter user @m had his handle stolen because Apple gave up some personal info. Given that there are likely 100s if not 1000s of FB users who may have access to Bloomberg/AP/NYTimes official page, figuring out in an automated fashion of who can be easily socially engineered isn't likely worth 15k.