IT administrator gets 8 years for cyber sabotage

Iria · Dec 29, 2006, 04:11 PM

Source: TG Daily
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Chicago (IL) - Putting an interesting twist on the all too common stock fraud story, a systems administrator at financial services firm UBS Paine Webber has been sentenced to eight years in prison for planting malicious software in the company's system in order to manipulate its stock price.

Earlier this year, Roger Durino was found guilty of securities fraud and computer fraud after it was discovered that he implanted a "logic bomb" in the firm's computer network, with the purpose of wiping out large amounts of data. Durino then invested thousands of dollars in "put option" securities, which pay off if a specific stock price drops.

Dec 29, 2006, 04:11 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	IT administrator gets 8 years for cyber sabotage Source: TG Daily __________ Chicago (IL) - Putting an interesting twist on the all too common stock fraud story, a systems administrator at financial services firm UBS Paine Webber has been sentenced to eight years in prison for planting malicious software in the company's system in order to manipulate its stock price. Earlier this year, Roger Durino was found guilty of securities fraud and computer fraud after it was discovered that he implanted a "logic bomb" in the firm's computer network, with the purpose of wiping out large amounts of data. Durino then invested thousands of dollars in "put option" securities, which pay off if a specific stock price drops.