Do Insider Trading Laws Need a Reboot? How Advances in Technology are Turning "Outsiders" into "Insiders"

Our everyday lives are being increasingly altered by advances in the availability and use of technology, including the ways in which we communicate, access information, and undertake commercial activities. This article considers the ways in which those technological advances are changing the nature of insider trading, with 'outsiders' becoming more likely to be able to engage in this form of criminal conduct without contact or connection to an 'insider', particularly through hacking and other unlawful activity facilitated by technology. As a result, this article considers the impact of this change on the regulation and enforcement of insider trading and whether the current legislative provisions are sufficient to address this issue.