The rise of cyber crime threatens the links between traders and markets, and will only accelerate as investors boost their reliance on technology. What follows is a conversation about the markets, cyber security and the coming challenges that investors and traders face in the 21st century economy.
Russian hackers attacked JPMorgan Chase & Co. and at least four other banks this month in a coordinated assault that resulted in the loss of gigabytes of customer data, according to two people familiar with the investigation.
The U.S. Justice Department is working to keep pace with Bitcoin and other virtual currencies to short-circuit their use in buying and selling illegal goods.
The governments of India, China and Russia have sought to ban or limit the use of Bitcoins, which exist as software and aren’t controlled by any central authority.
Two Florida college professors settled allegations that they operated an abusive naked short selling scheme.
President Barack Obama asked Congress for broader authority to negotiate trade deals, and changes to immigration laws.
Three former Rabobank traders were charged by the U.S. with engaging in a five-year scheme to manipulate benchmark interest rates.
The price of Bitcoin surpassed $1,000 again after Zynga Inc. said it would start accepting the virtual currency for some of its online social games, citing wider use of the digital money.
The virtual currency rose to a high of $900.98 on the Mt. Gox exchange Monday afternoon. It surged 42% from Sunday's close and is up 107% from a week earlier.
The CFTC today issued an order against Rabobank, bringing and settling charges of false reporting and attempted manipulation of Libor for U.S. dollar, yen and sterling, and of the Euribor and charges of successful manipulation of yen Libor.