Feeds

Hacker hoaxer splats paintball firm

Share dealing halted

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

A false financial statement issued by a hacker who broke into the corporate systems of a paintball firm resulted in the suspension of its shares for two hours last night.

"Hundreds, if not thousands" of emails containing phoney financial information about Brass Eagle were then sent out, Reuter reports. It seems the attacker broke into the firm's Web site and obtained its email mailing list and subsequently targeted these people with faked messages.

Brass Eagle CFO J.R. Brian Hanna believes the attacker was not motivated by the desire to make a quick buck by manipulating its stock price.

"On the surface it appears to be a hoax," he told Reuters.

Brass Eagle has responded to the phoney email by issuing a statement to Nasdaq reaffirming its previous financial guidance. The firm has also called on the FBI to investigate the matter.

It's not the first time 'hacker' activity has affected the trading in a firm's stocks.

Earlier this month, 24 year-old day trader Mark Jakob was sentenced to 44 months in jail for faking a press release from storage firm Emulex falsely suggesting it had become the subject of a Securities and Exchange Commission probe.

In July, JDS Uniphase halted trading in its stocks amid fears that a hacker had managed to gain access to a file on its web site that gave information on the fibre optic firm's financial results ahead of their intended release. ®

External links

Hacker attack forces Nasdaq to halt trading in paintball firm

Related stories

Man arrested in Net hoax sting
Californian faces 100 years in jail and £10m fine for false press release
Fake news fraud powers Pairgain stock
eBay users hit by fake email scam

Beginner's guide to SSL certificates

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.