A Melbourne cybercriminal has been jailed for insider trading, but the company he hacked is also in trouble with the regulator

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Hacker Steven Oakes has been sentenced to three years’ imprisonment after pleading guilty to 11 charges including insider trading. Oakes targeted independent media company Port Phillip Publishing, gaining access to the company’s stock reports and ‘buy recommendations’ before they were published, profiting to the tune of $200,000.
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