Attacks/Breaches
4/11/2017
09:50 AM
50%
50%

Computer Engineer Charged with Theft of Proprietary Computer Code

Zhengquan Zhang arrested for stealing over 3 million files containing company trade secrets from his employer, a global finance firm.

Zhengquan Zhang of California has been arrested and charged by a US federal court with stealing trade secrets from his employer, a New York financial services firm. A US Department of Justice (DoJ) release says that between March 2016 and March 2017, Zhang stole over three million files of confidential data and computer code.

According to the DoJ, Zhang stole the company’s source code for algorithmic trading models and trading platforms by installing a code that gained access to the network’s encryption keys. He allegedly also stored the stolen files on his employer’s network before installing another code to transfer the data to a third-party software development site.

William F. Sweeney Jr. of the FBI says, “Proprietary computer code may not be a tangible asset that people can observe, but it is indeed one of the most critical assets that companies possess.”

Zhang is also accused of illegally accessing the computers of his co-workers by stealing user credentials.

Read details here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
4/11/2017 | 3:16:35 PM
Insider Threat
This is a perfect example of the potential of insider threats. Employees are a huge risk based on the nature of their involvement with the company. They have credentials that may provide them upper level access and have access to proprietary information. It just takes one disgruntled employee to leverage these responsibilities in a nefarious manner.
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Security Operations and IT Operations: Finding the Path to Collaboration
A wide gulf has emerged between SOC and NOC teams that's keeping both of them from assuring the confidentiality, integrity, and availability of IT systems. Here's how experts think it should be bridged.
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2013-7445
Published: 2015-10-15
The Direct Rendering Manager (DRM) subsystem in the Linux kernel through 4.x mishandles requests for Graphics Execution Manager (GEM) objects, which allows context-dependent attackers to cause a denial of service (memory consumption) via an application that processes graphics data, as demonstrated b...

CVE-2015-4948
Published: 2015-10-15
netstat in IBM AIX 5.3, 6.1, and 7.1 and VIOS 2.2.x, when a fibre channel adapter is used, allows local users to gain privileges via unspecified vectors.

CVE-2015-5660
Published: 2015-10-15
Cross-site request forgery (CSRF) vulnerability in eXtplorer before 2.1.8 allows remote attackers to hijack the authentication of arbitrary users for requests that execute PHP code.

CVE-2015-6003
Published: 2015-10-15
Directory traversal vulnerability in QNAP QTS before 4.1.4 build 0910 and 4.2.x before 4.2.0 RC2 build 0910, when AFP is enabled, allows remote attackers to read or write to arbitrary files by leveraging access to an OS X (1) user or (2) guest account.

CVE-2015-6333
Published: 2015-10-15
Cisco Application Policy Infrastructure Controller (APIC) 1.1j allows local users to gain privileges via vectors involving addition of an SSH key, aka Bug ID CSCuw46076.

Dark Reading Radio
Archived Dark Reading Radio
In past years, security researchers have discovered ways to hack cars, medical devices, automated teller machines, and many other targets. Dark Reading Executive Editor Kelly Jackson Higgins hosts researcher Samy Kamkar and Levi Gundert, vice president of threat intelligence at Recorded Future, to discuss some of 2016's most unusual and creative hacks by white hats, and what these new vulnerabilities might mean for the coming year.