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Alleged Hacking by Reuters
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posted by mpawlo
on Monday October 28, @04:59PM
from the all-the-news-fit-to-hack dept.
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Swedish company Intentia suffered from some serious information leakage last week. The leak led to a major decline in the stock price (minus 23 percent). Intentia, a company listed on the Stockholm Stock Exchange, was due to report its third quarter results. The news agency Reuters published the results way before they were disclosed by Intentia.
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Intentia first claimed Reuters hacked Intentia's system. Later reports tells of a Reuters reporter allegedly accessing an open web space where the report was publicized, however with a non-disclosed URL. If the reporter, as Intentia claims, tampered with the system in some way a computer intrusion charge might stick and perhaps one could argue that a breach of the company secrets act had occurred. If the reporter got the URL from an insider, Reuters may argue that the constitutional freedom of press statues should prevail. Intentia has filed a complaint with the Swedish police.
The name Intentia means "not a ten" in Swedish and was - according to legend - choosen to describe the amount of money legendary founder Bjorn Algqvist had when starting the company. If no criminal charges stick, I guess the company name would also describe the amount Reuters will be prepared to pay in damages.
Several Swedish companies, including Ericsson, has suffered from similar information leaks the last year.
Washington Post reports.
The Register reports.
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