Iranian Hacking Charges Give US Cos. Cybersecurity Edge

By Allison Grande (March 25, 2016, 9:49 PM EDT) -- Federal prosecutors stepped up their efforts to name and shame foreign hackers who target U.S. companies by recently charging seven individuals with purported ties to the Iranian government with orchestrating cyberattacks against banks, stock exchanges and a New York dam, an escalation that provides businesses with valuable insights that can be used to better defend against future incidents.

In an indictment unsealed Thursday, the U.S. Department of Justice leveled computer hacking charges against seven individuals who were employed by two private security companies, ITSecTeam and Mersaud Co., that performed work on behalf of the Iranian government.

The charges stemmed from their...

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