Two federal indictments this week revealed a new approach to an old crime. The indictments returned in New Jersey (United States v. Turchynov et al., Case No. 2:15-CR-390) and the Eastern District of New York (United States v. Korchevsky et al., Case No. 1:15-CR-381) detailed a scheme wherein hackers and traders allegedly conspired to get advance access to corporate news releases about upcoming corporate transactions and trade on the secret information before the news about the deals was made public. Law enforcement authorities say the scheme netted approximately $30 million in illegal profits. The hacker defendants allegedly hacked into the internal computer networks of several companies that provide news release distribution services to businesses, stole still-confidential draft news releases, and shared the stolen information with the trader defendants who then traded on the stolen information for profit.