Spams Reach Stock Markets – Email Spams Used for Share Price Rigging
Noted Security vendor Symantec, in their latest blog posts, have reported a spam campaign targeted at Indian stock market investors and traders. The spam email suggests the recipient about insider story about a Low-Cap penny stock that something big is about to happen with that stock with a potential to re-rate the share price of that stock astronomically.
This campaign is based on the premise that even if a small fraction of the recipients can be tricked into, then the share price of the target company can be rigged into higher levels, which might allow the spammer to off-load and sell its positions in that stock at higher levels.
Spammers, hackers and cyber fraudsters, do not spare any upcoming trend or incidence without eying an opportunity to make money. This is yet another evidence that Indian Stock Markets are rising and reaching unprecedented highs.