Wake Up Call: Hackers Breach Servers of Wall Street Law Firms

• Hackers have breached servers of major law firms including Wall Street firms Cravath Swaine & Moore and Weil Gotshal & Manges, and federal authorities are investigating if they managed to steal confidential information to use for insider trading, according to people with knowledge of the case. (Wall Street Journal)

• In a growing exploit dubbed “Friday fraud,” hackers have stolen some £85 million ($122.3 billion) from UK law firms in the past 18 months after figuring out that the firms, which often lack strong security, have a habit of moving money through their bank accounts on Fridays, according to insurance company QBE. (Financial Times)

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