Identifying the source of a market distortion attack on a major healthcare provider
- Investigate and determine responsibility for false blog article
- Determined author of blog post
- Produced evidence that led to the launch of a $300 million lawsuit by the client against the alleged guilty parties
The article led to a near fifty percent drop in the stock price of the company soon after. Suspecting it was the victim of a “short and distort” market manipulation scheme, the client knew they needed to investigate.
GRA Quantum incident responders were hired to conduct a web-based forensics investigation to identify the source of the article and to produce court-admissible evidence documenting their culpability.
The investigation included an examination of the metadata trail of the article in question as well as several other articles posted by an author using the same pseudonym.
This initial analysis led to further examinations into a number of professional and personal social media accounts, and eventually allowed our investigators to pinpoint the likely author of the article, his place of employment, and co-conspirators.
GRA Quantum generated over 800 megabytes of digital evidence documenting the entire process. Our investigators concluded the anonymous author was the employee of a foreign hedge fund. This person was also tied to several other “short and distort” articles anonymously posted to the blog.
The evidence produced by GRA Quantum, preserved in an air-tight chain of custody, eventually supported the launch of a $300 million lawsuit by the client against the alleged guilty parties.