Hacker Warns Company Employees of Terminations

TechWeb is reporting on a former VP of Technology for SourceMedia, who allegedly hacked into the company’s network, read confidential emails and then warned employees of potential layoffs.

From the article —

A former VP of technology at SourceMedia has been arrested and charged with hacking into the company’s network, reading confidential e-mails, and tipping off employees who were in line to be laid off.

Stevan Hoffacker, 53, of Queens, N.Y., was arrested on Nov. 15 and charged with one count of unauthorized access to a protected computer network. If convicted, he faces a maximum sentence of five years in federal prison and a fine of $250,000.

According to a written release from the U.S. Attorney’s Office for the Southern District of New York, three years after he was dismissed from SourceMedia, Hoffacker broke back into the system, read e-mails regarding a pending layoff and then e-mailed two employees from a Yahoo account alerting them that they might be losing their jobs. The U.S. Attorney’s Office reported that before the employees received what were anonymous e-mails, their employment status had been the subject of e-mail strings between senior SourceMedia executives discussing their possible termination.

SourceMedia is a New York-based publisher of financial publications such as the Bond Buyer and American Banker.

Source: Former VP Of Technology Charged With Hacking Corporate Network