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
Threaded  |  Newest First  |  Oldest First
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.
qinezyqy
50%
50%
qinezyqy,
User Rank: Apprentice
6/27/2017 | 8:24:32 AM
it will increase
Theft like this will increase, a lot of engineers are not good persons.
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
The Year in Security 2018
This Dark Reading Tech Digest explores the biggest news stories of 2018 that shaped the cybersecurity landscape.
Flash Poll
How Enterprises Are Attacking the Cybersecurity Problem
How Enterprises Are Attacking the Cybersecurity Problem
Data breach fears and the need to comply with regulations such as GDPR are two major drivers increased spending on security products and technologies. But other factors are contributing to the trend as well. Find out more about how enterprises are attacking the cybersecurity problem by reading our report today.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-6487
PUBLISHED: 2019-01-18
TP-Link WDR Series devices through firmware v3 (such as TL-WDR5620 V3.0) are affected by command injection (after login) leading to remote code execution, because shell metacharacters can be included in the weather get_weather_observe citycode field.
CVE-2018-20735
PUBLISHED: 2019-01-17
** DISPUTED ** An issue was discovered in BMC PATROL Agent through 11.3.01. It was found that the PatrolCli application can allow for lateral movement and escalation of privilege inside a Windows Active Directory environment. It was found that by default the PatrolCli / PATROL Agent application only...
CVE-2019-0624
PUBLISHED: 2019-01-17
A spoofing vulnerability exists when a Skype for Business 2015 server does not properly sanitize a specially crafted request, aka "Skype for Business 2015 Spoofing Vulnerability." This affects Skype.
CVE-2019-0646
PUBLISHED: 2019-01-17
A Cross-site Scripting (XSS) vulnerability exists when Team Foundation Server does not properly sanitize user provided input, aka "Team Foundation Server Cross-site Scripting Vulnerability." This affects Team.
CVE-2019-0647
PUBLISHED: 2019-01-17
An information disclosure vulnerability exists when Team Foundation Server does not properly handle variables marked as secret, aka "Team Foundation Server Information Disclosure Vulnerability." This affects Team.