An attempt to steal Goldman Sachs trading codes


The proprietary software used by large Wall Street firms to guide their trading of stocks and bonds is valuable, extremely valuable. The products probably take years to create and enhance so that they can detect movements in the market that might take a human much longer to discover. The software can help large banks create millions of dollars in profits.

Reuters, in an exclusive report, has found out that a cyber-thief came close to stealing one of Goldman Sachs' (GS) most valuable assets. According to the news service "a Russian immigrant living in New Jersey was being held on federal charges of stealing secret computer trading codes from a major New York-based financial institution." The news report identifies the company in question as Goldman.