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FBI indicts three in insider trading scheme that utilized Xbox 360 chat to hide comms | Ringleader could be looking at as much as 165 years in prison (www.techspot.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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FBI indicts three in insider trading scheme that utilized Xbox 360 chat to hide comms | Ringleader could be looking at as much as 165 years in prison::undefined

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[–] jet@hackertalks.com 11 points 1 year ago (1 children)

Fun fact, personal cell phones on the trading floor arnt allowed, to avoid unlogged comms by traders.

[–] remotelove@lemmy.ca 12 points 1 year ago (1 children)

Aren't trading floors mostly empty these days since trading is much more automated?

[–] jet@hackertalks.com 15 points 1 year ago* (last edited 1 year ago)

Yes, but as long as human traders exist, there is a need to log all of their communication to prevent malfeasance