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Hacker starts hedge fund targeting vulnerable companies
An infamous computer hacker has now set his sights on Wall Street, opening a hedge fund that will short companies vulnerable to security breaches. Andrew Auernheimer, known by his alias Weeve, told CNBC's "Power Lunch" that his fund's "primary strategy is to identify a company that has [information security] liabilities that no one knows about yet." He would then take a leveraged position, put options on the stock and release the liability information to the public. Auernheimer was accused in 2010 of hacking into AT&T's website and stealing more than 100,000 email addresses and later posting them onto a public site. ... (full story)
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