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.<\/p>\n
From the article —<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
SourceMedia is a New York-based publisher of financial publications such as the Bond Buyer and American Banker.<\/p><\/blockquote>\n