Bosses at UK infosec biz Quadsys confess to hacking rival reseller

Five men working at UK-based IT security reseller Quadsys confessed today to hacking into a rival’s database.

Owner Paul Streeter, managing director Paul Cox, director Alistair Barnard, account manager Steve Davies and security consultant Jon Townsend appeared before the beak at Oxford Crown Court.

“All pleaded guilty to obtaining unauthorised access to computer materials to facilitate the commission of an offence,” the court clerk told us.

This is punishable by a minimum of 12 months in prison or a fine on summary conviction, or up to five years or a fine on indictment.

The Quadsys Five are due to be sentenced on 9 September, where a second charge – obtaining unauthorised access to computer materials with intent to commit an offence – will be heard.

“That will be dealt with at sentencing; the prosecution will say what they would like to happen,” the clerk added.

The men were arrested in March last year and were charged in August. They were held on suspicion of “conspiracy to commit computer misuse offences; unauthorised access with intent to commit or facilitate commission of further offences; and conspiracy to enter into/be concerned in the acquisition/retention/use of controls of criminal property.”

It was alleged they broke into a rival security reseller’s database to plunder customer information and pricing data.

Quadsys, incorporated in 2008, flogs security software and appliances and related cloud services, including consultancy and remote health checks. It carries high-level accreditations from Intel Security and Kaspersky.

Source:http://www.theregister.co.uk/2016/07/21/quadsys_five_sentencing_scheduled/

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