A group of 51 people, dubbed as the “Intel Ignorants”, are being investigated by authorities for allegedly using sophisticated tactics to leak sensitive corporate information. These individuals are suspected of gathering intelligence on various companies and then sharing that information with traders, allowing them to potentially profit from insider knowledge.
The investigation into the 51 Intel Ignorants is being led by the Securities and Exchange Commission (SEC) and the Department of Justice. Authorities believe that these individuals may have been able to access confidential information by exploiting weaknesses in the corporate information systems of the companies they targeted.
The tactics used by the Intel Ignorants are said to be increasingly sophisticated and difficult to detect. They are able to access non-public information about companies, such as upcoming mergers and acquisitions or quarterly earnings reports, and then pass that information on to traders who can use it to make profitable trades.
The investigation into the Intel Ignorants is ongoing, and authorities are working to identify all of the individuals involved in the scheme. The SEC and the Department of Justice are also working to determine the full extent of the information that was leaked and the potential impact it may have had on the companies involved.
This case highlights the ongoing challenges that companies face in protecting their confidential information from sophisticated cyber-attackers. The Intel Ignorants have demonstrated that they are able to access highly sensitive corporate information and use it for their own financial gain, raising concerns about the security of corporate information systems.
Overall, the investigation into the 51 Intel Ignorants is a significant development in the fight against insider trading and corporate espionage. Authorities are working diligently to uncover the full extent of the scheme and hold those responsible accountable for their actions. The case serves as a reminder of the importance of robust cybersecurity measures in protecting sensitive corporate information from unauthorized access.
Article Source
https://www.wsj.com/articles/the-51-intel-know-nothings-report-hunter-laptop-69a903e1
