Tuesday, July 7, 2009

FBI: Russian Programmer Stole Stock-Trading Secret Code


A computer programmer working for Goldman Sachs was arrested last week on charges that he stole proprietary source code for software his employer uses to make sophisticated, high-speed, high-volume stock and commodities trades.

Sergey Aleynikov, who earned nearly $400,000 a year in his job, allegedly stole 32 megabytes of data over four days in June and transferred it to a website hosted in Germany before trying to erase his tracks from Goldman Sach’s network. He neglected to take into account, however, that the company kept a backup record of its command logs. On at least two occasions, he transferred the data remotely while logged into his company’s network from his home computer.

Aleynikov, a naturalized U.S. citizen from Russia, was arrested on July 3 at the Newark Airport in New Jersey as he exited a flight and is being held on charges related to theft of trade secrets until he posts $750,000 in bond, pays $75,000 in cash and surrenders his travel documents.


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