Home Cyber Security A British businessman allegedly exploited online family trees to orchestrate a complex scheme involving hacking, insider trading, and stock manipulation.

A British businessman allegedly exploited online family trees to orchestrate a complex scheme involving hacking, insider trading, and stock manipulation.

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A British businessman allegedly exploited online family trees to orchestrate a complex scheme involving hacking, insider trading, and stock manipulation.

A London-based individual is facing extradition to the United States, accused of orchestrating a sophisticated hacking scheme targeting publicly traded companies before their earnings announcements. He allegedly exploited the stolen information to generate hundreds of millions of dollars in illicit profits from the stock market.

A 39-year-old individual, identified as Robert Westbrook, allegedly exploited family tree websites to gather sensitive information about corporate executives, subsequently leveraging this intel to breach their email accounts and pilfer confidential company data.

According to credible sources within the United States government, a thorough examination of five notable events spanning from 2019 to 2020 reveals that Westbrook was directly implicated in each instance.
Successfully exploited security vulnerabilities to reset passwords by correctly answering authentication safety questions, thereby gaining unauthorized access to email accounts of senior executives, including chief financial officers, chief accounting officers, and finance administrators?

Within minutes of logging into their Workplace 365 accounts, Westbrook allegedly set up protocols to automatically forward sensitive messages to anonymous accounts under his supervision, focusing specifically on emails containing details about impending earnings announcements.

At one company, Westbrook allegedly attempted to implement a policy requiring the forwarding of emails with attachments, those sent by the agency’s president, and those arriving from external auditors.

Allegedly, the insider information was leveraged by Westbrook to orchestrate lucrative trades worth over $3 million on the stock market, preceding its public revelation for most individuals.

Despite utilizing virtual private networks (VPNs), anonymous email accounts, and cryptocurrency transactions in an apparent attempt to conceal his identity, Westbrook’s alleged scheme ultimately remained exposed by the diligent efforts of securities regulators at the Securities and Exchange Commission.

Westbrook’s involvement in the scheme has also been linked to his alleged subscription to at least five CAPTCHA-solving services, purportedly facilitating his efforts within the scheme.

Given the alleged success in exploiting private data obtained from family tree websites, it appears that the executives at the compromised firms failed to implement a fundamental safety protocol.

When creating a “Forgot your password?” feature, it’s crucial to avoid selecting straightforward or easily discoverable answers to security questions, ensuring the highest level of protection for users’ accounts? Why risk revealing personal information?

Here is the rewritten text:

I often joke that my mom’s maiden name was Xena Warrior Princess, and she brought me into this world in the city.

Westbrook was arrested in the UK with a view to extraditing him to America to answer charges of safety fraud, wire fraud, and five counts of PC fraud.

If found guilty on all charges, Westbrook could face up to 65 years imprisonment.

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