Beginning Next Week: InsideCounsel will become part of Corporate Counsel. Bringing these two industry-leading websites together will now give you comprehensive coverage of the full spectrum of issues affecting today's General Counsel at companies of all sizes. You will continue to receive expert analysis on key issues including corporate litigation, labor developments, tech initiatives and intellectual property, as well as Women, Influence & Power in Law (WIPL) professional development content. Plus we'll be serving all ALM legal publications from one interconnected platform, powered by, giving you easy access to additional relevant content from other InsideCounsel sister publications.

To prevent a disruption in service, you will be automatically redirected to the new site next week. Thank you for being a valued InsideCounsel reader!


Five hackers charged in biggest cyber crime case in U.S. history

Data breach cost companies more than $300 million

Five hackers have been charged in what’s being called the biggest data breach in U.S. history. 

Yesterday, federal prosecutors announced that they’ve indicted five cyber criminals responsible for a hack that cost targeted companies more than $300 million. Prosecutors say the five men, who are from Russia and Ukraine, stole and sold at least 160 credit card numbers. Two of the suspects are in custody.

The hacked companies include Nasdaq, Visa Inc., J.C. Penney Co., JetBlue Airways Corp. and Carrefour SA.

According to authorities, each of the men had specialized tasks—two hacked into networks, another mined them for data, another provided anonymous web-hosting services to hide the group’s activities, and another sold the stolen data and distributed the profits. 

“This type of crime is the cutting edge,” New Jersey U.S. Attorney Paul J. Fishman said in a statement. “Those who have the expertise and the inclination to break into our computer networks threaten our economic wellbeing, our privacy and our national security.”

Read Bloomberg and Reuters for more about the hacking charges.

For more InsideCounsel stories about cybercrime, read:

Eight charged in cybercrime scheme targeting banks, government

FTC defends decision to sue Wyndham after data breach

Hackers steal $45 million from banks in ATM scheme

A cybersecurity primer for legal departments

Apple employees’ computers attacked by hackers

More than half of in-house counsel say data security is their top legal concern



Ashley Post

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.