US authorities are investigating reports that Russian hackers have infiltrated the servers of Dow Jones & Co., owner of the Wall Street Journal and several other news publications, and stolen information prior to publication.
The Federal Bureau of Investigation, Secret Service and the Securities and Exchange Commission are leading the investigation of the infiltration, Bloomberg reported, citing unnamed people familiar with the matter.
The probe began at least a year ago, one of the sources said.
“Since Bloomberg published its article, we have worked hard to establish whether the allegations it contains are correct,” Dow Jones said in a statement. “To date, we have been unable to find evidence of any such investigation.”
The sources described the breach as far more serious than a lower-grade intrusion that Dow Jones disclosed a week ago. It’s not clear whether the incursions were related, the report said.
Dow Jones, a unit of Rupert Murdoch’s News Corp., said last week it is working with a cybersecurity firm and law enforcement after learning that hackers had sought contact and payment information of about 3,500 customers.
Bloomberg, citing its sources, said the hackers sought information including stories being prepared for publication.
Kelly Langmesser, a spokeswoman for the FBI New York office, confirmed the office is investigating a breach at Dow Jones but declined to comment further. Jim Margolin, a spokesman for the Manhattan US Attorney’s Office, declined to comment.
The FBI and SEC have spent months trying to determine exactly how the hackers could profit from what they took, consulting financial and market experts among other specialists, the sources said.
Information embargoed by companies and the government for release at a later time could be valuable to traders looking to gain an edge over other market participants, as could stories being prepared on topics like mergers and acquisitions that move stock prices, Bloomberg said.
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