Cybersecurity company executives plead guilty to hacking rival firm

July 22, 2016

Five employees from cybersecurity firm Quadsys have admitted to hacking to a rival company’s servers to allegedly steal customer data and pricing information.

According to The Register, members of the top Quadsys ranks pleaded guilty to hacking charges following a string of hearings.

The owner of Quadsys, Paul Streeter, managing director Paul Cox, director Alistair Barnard, account manager Steve Davies and security consultant Jon Townsend all appeared at Oxford Crown Court and admitted to “obtaining unauthorised access to computer materials to facilitate the commission of an offence.”

This could lead to up to 12 months in prison or fines.

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