Spoofing


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Related to Spoofing: Email spoofing

Spoofing

1. An illegal practice in which an investor with a long position on a security makes a buy order for that security and immediately cancels it without filling the order. Spoofing tends to increase the price of that security as other investors may then issue their own buy orders, which increases the appearance of demand. The first investor then closes his/her long position by selling the security at the new, higher price. Spoofing is a form of market manipulation. See also: Pump and dump.

2. The act of impersonating a person, usually over the Internet, with the intention of gaining access to another's personal or financial information. It is a means of identity theft.

Spoofing.

Some market analysts maintain that the increased volatility in stock markets may be the result of an illegal practice known as spoofing, or phantom bids.

To spoof, traders who own shares of a certain stock place an anonymous buy order for a large number of shares of the stock through an electronic communications network (ECN). Then they cancel, or withdraw, the order seconds later.

As soon as the order is placed, however, the price jumps. That's because investors following the market closely enter their own orders to buy what seems to be a hot stock and drive up the price.

When the price rises, the spoofer sells shares at the higher price, and gets out of the market in that stock. Investors who bought what they thought was a hot stock may be left with a substantial loss if the price quickly drops back to its prespoof price.

Spoofing is a variant of the scam known as pump and dump.

References in periodicals archive ?
Report an IP address spoof: It is difficult to fully guard against identity spoofing, as services such as Facebook and Twitter allow anyone to set up an account in any name.
Among the several types of spoofing attacks, the following attacks are addressed as they are launched on behalf of clients and destruct the DC resources.
Moreover, email Phishing has now gone to the point of spoofing IP addresses in order to bypass current IP lookup measures in place.
to introduce bipartisan legislation known as the Spoofing Prevention Act of 2017, S.
Expect more spoofing cases," Michael Friedman, general counsel at Trillium Trading,AaAaAeAeAaAeAeA (http://www.
Guidelines on what constitutes 'misuse' of the spoofing technique are also being reconsidered, revised and made much clearer, with a view to introducing tougher punitive measures: monetary penalties of up to [pounds sterling]500,000 are being considered for foul-players.
THE biggest hit of the year, directed by Rohit Shetty, saw Shah Rukh Khan spoofing his own hit films from the past besides cracking the odd joke about his advancing age.
The Spoofing Prevention Act updates that law by incorporating language Blunt previously offered in the Caller ID Scam Prevention Act of 2014, S.
The researcher uses a 'wood glue spoof' made from a mold, which was used in spoofing attempt of Apple's iPhone 5S last year, to bypass Galaxy S5's fingerprint lock, according to the video.
Spoofing songs from Elvis to Eminem with lyrics from Genesis to Revelation, ApologetiX will be performing in concert on 7:30 p.
The group's mission is threefold: to build consensus around what information people need from browsers in order to understand their "security context," to find innovative ways to present this information and raise awareness, and to suggest ways to make browsers less susceptible to spoofing of user interfaces that are used to convey critical security information to end users.
When using iMessage instead of SMS, addresses are verified, which protects against these kinds of spoofing attacks.