Feeds

Ex-Exel president found guilty of hacking former employers

Turns out you really can't trust the boss

Beginner's guide to SSL certificates

The former president of transportation logistics firm Exel has been found guilty of hacking into the servers of his former employer to glean secrets for his new business.

A federal jury found Michael Musacchio, 61, guilty of one felony count of conspiracy to make unauthorized access to a protected computer (hacking) and two substantive felony counts of hacking. His two accomplices, Joseph Roy Brown and John Michael Kelly, have already pleaded guilty and the trio will be sentenced in June.

"Trial testimony and exhibits established that between 2004 and 2006, Musacchio, Brown, and Kelly engaged in a scheme to hack into Exel's computer system for the purpose of conducting corporate espionage," the FBI said in a statement.

"Through their repeated unauthorized accesses into Exel's e-mail accounts, the co-conspirators were able to obtain Exel's confidential and proprietary business information and use it to benefit themselves and their new employer."

Musacchio was promoted to president of Exel in 2002 and lasted for two years before leaving the firm to set up a rival in the same sector named Total Transportation Services. Over the next two years he and his two associates ran riot though Exel's servers, harvesting information about clients and operations.

It's unclear how much hacking Musacchio and his pals actually needed to do in this case, however. Based on this hack's experience, companies are very lax about shutting down old accounts from staff who have moved on (it took one former employer over six months), and Musacchio may have used this negligence to gain the information he was after.

He is now facing over a decade behind bars and financial ruin as a result of the case, although Total Transportation Services is still functioning, albeit with an entirely new management team. Neither it nor Exel responded to requests for comment. ®

Internet Security Threat Report 2014

More from The Register

next story
Webcam hacker pervs in MASS HOME INVASION
You thought you were all alone? Nope – change your password, says ICO
You really need to do some tech support for Aunty Agnes
Free anti-virus software, expires, stops updating and p0wns the world
Meet OneRNG: a fully-open entropy generator for a paranoid age
Kiwis to seek random investors for crowd-funded randomiser
USB coding anarchy: Consider all sticks licked
Thumb drive design ruled by almighty buck
Attack reveals 81 percent of Tor users but admins call for calm
Cisco Netflow a handy tool for cheapskate attackers
Patch NOW! Microsoft slings emergency bug fix at Windows admins
Vulnerability promotes lusers to domain overlords ... oops
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.