An infamous computer hacker has now set his sights on Wall Street, opening a hedge fund that will short companies vulnerable to security breaches.
Andrew Auernheimer, known by his alias Weeve, told CNBC's "Power Lunch" that his fund's "primary strategy is to identify a company that has [information security] liabilities that no one knows about yet."
He would then take a leveraged position, put options on the stock and release the liability information to the public.
Auernheimer was accused in 2010 of hacking into AT&T's website and stealing more than 100,000 email addresses and later posting them onto a public site. He was convicted and sentenced to 41 months in prison, but was released after serving just over a year when an appeals court overturned his conviction earlier this month.