Fergie's Tech Blog

Former Source Media Exec Charged With Hacking

An AP newswire article, via FoxNews.com, reports that:

A former Source Media Inc. executive was charged with hacking into the company's computer system three years after he was dismissed, and tipping off employees whose jobs were in jeopardy, prosecutors said Wednesday.

In a press release, the U.S. Attorney's office in Manhattan said Stevan Hoffacker, the company's one-time director of information technology and later vice president of technology, was charged with one count of unauthorized access to a protected computer network.

Source Media is the New York publisher of American Banker, the Bond Buyer and other financial publications. It is a unit of Bahrain's Investcorp.

Hoffacker, 53, faces up to five years in prison on the charge. He was arrested Wednesday in Queens, where he lives.

posted by Fergie @ 11/16/2006 03:50:00 PM