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MajorGeeks.Com » News » August 2013 » Want to steal company data? Don't email it to yourself!

Want to steal company data? Don't email it to yourself!


Posted by: Timothy Weaver on 08/27/2013 11:45 AM [ comments Comments ]


Two men emailed themselves computer code belonging to their former employer and have been charged with pilfering trade secrets. Glen Cressman and Jason Vuu, both former employees of Wall Street firm Flow Traders, were each charged with unlawful duplication of computer related material and unauthorized use of secret scientific material after making off with sensitive documents, the Wall Street Journal reports.

No word on how they were caught, but both their attorneys are pressing that no real damage was done. "I'm confident that when the DA's office has completed their investigation they will find Flow Traders did not suffer any economic loss," Saland told Bloomberg. "Their algorithms and code weren't taken or used in any malicious way that damaged or compromised their financial security."

If convicted of these fairly minor offenses, each of the three men could face a maximum of four years in prison, but experts say it is likely that they wouldn't have to serve any prison time at all.

The men are next due in court on November 18, when prosecutors will seek a grand jury indictment that would see the case proceed to trial.




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