An employee at CME Group, the US’s largest futures exchange operator, planned to steal proprietary software and pass it to a Chinese start-up, according to federal investigators.
Chunlai Yang, a 49-year-old naturalised American, has been formally charged with stealing proprietary source code. If convicted, he faces up to 10 years in prison and a $250,000 fine.
The case will raise new concerns about cybersecurity after several recent incidents. Google, Sony and Citigroup have been the targets of cyberattacks in recent months.
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