Russian Cyber Exec Extradited After Alleged Trading Conspiracy

A Russian cybersecurity executive has been extradited to the US for his alleged role in a conspiracy to steal sensitive non-public information to make illegal trades.

Vladislav Klyushin, 41, of Moscow, was arrested in Sion, Switzerland in March and arrived in the US last weekend. He’s charged with conspiring to obtain unauthorized access to computers, and to commit wire fraud and securities fraud, and with obtaining unauthorized access to computers, wire fraud and securities fraud.

His alleged co-conspirators, Ivan Ermakov, 35, and Nikolai Rumiantcev, 33, both of Moscow, and Mikhail Vladimirovich Irzak, 43, and Igor Sergeevich Sladkov, 42, both of St. Petersburg, are still at large.

As deputy general director, Klyushin worked alongside Ermakov and Rumiantcev at Moscow-based pen testing and APT emulation firm M-13.

Between January 2018 and September 2020, Klyushin, Ermakov, Irzak, Sladkov and Rumiantcev are alleged to have made tens of millions of dollars from illegal trading based on material non-public information about corporate earnings, in advance of financial results being published.

They are said to have obtained this information by hacking the networks of two US filing agents used by companies to make quarterly and annual SEC filings.

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