Michael Bloomberg Was the Subject of a Computer Crime

question 12

True/False

Michael Bloomberg was the subject of a computer crime. He was asked to pay a sum of money in return for being advised as to the perpetrator's methods that were used to invade his system. In street crime terms this would be extortion.

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Definitions:

Rights Offering

An offer to existing shareholders to purchase additional shares at a discount before the shares are offered to the public.

Subscription Price

The cost charged to subscribe to a service or investment, such as a magazine subscription or the price to subscribe to shares in a rights issue.

Market Price

The marketplace value at this time for an asset or service.

Underwriting Fee

A fee charged by underwriters for assessing, guaranteeing, and distributing a new issue of securities to the public.