U.K. Hacker Charged in $3.75 Million Insider Trading Scheme Using Hacked Executive Emails

Robert Westbrook, a 39-year-old U.K. national, has been charged by the U.S. Department of Justice for allegedly orchestrating a hack-to-trade fraud scheme that netted him approximately $3.75 million in illegal profits by exploiting hacked Microsoft 365 executive emails.

  • Unauthorized Access: Westbrook gained unauthorized access to Microsoft 365 accounts of corporate executives, using this sensitive information to execute a fraudulent scheme.
  • Method of Operation: The hacker implemented auto-forwarding rules on compromised email accounts, allowing him to obtain non-public information about impending earnings announcements from at least five public companies.
  • Advanced Tactics: Despite taking steps to conceal his identity, including the use of anonymous email accounts and VPN services, the SEC utilized advanced data analytics and crypto asset tracing to uncover his fraudulent activities.

This case underscores the importance of robust cybersecurity measures in protecting sensitive corporate information. As cyber threats continue to evolve, businesses must invest in comprehensive security solutions to safeguard their digital assets. 

Net Protector Cyber Security offers a range of products designed to defend against such threats, including advanced endpoint security, data loss prevention, and real-time threat monitoring, ensuring that organizations can operate securely and with confidence in their digital environments.