Thursday, 25 October 2007

Pump and dump is old hat

Source: vnunet.com

Forget pump and dump: cybercrime 2.0 for stock markets involves selling real stock tips for real money. Step one: sell stock tip that stock X will reach a certain high price at a certain time. Step two: make it happen by offering to buy the stock at that price -- using a compromised online trading account, of course. Repeat.

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