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November 11, 2015

Charges filed in JPMorgan mega breach case

News: 3 men face charges for attack that exposed 83m customer records.

By Charlotte Henry

Charges have been made against the three men who are accused of the mega JPMorgan Chase cyber attack and fraud scheme.

The attack on JPMorgan resulted in 83m customer records being stolen, making it the largest theft of a US financial institution’s customer data. 100m customers’ records are thought to have been exposed in total across a number of firms.

Israelis Gery Shalon, Joshua Samuel Aaron and Ziv Orenstein have now been charged.

The accused are alleged to have covered a variety of illegal activity, such as pumping up stock prices, online casinos, payment processing for criminals, an illegal bitcoin exchange, and the laundering of money through at least 75 shell companies and accounts worldwide.

Speaking at press conference U.S. Attorney Preet Bharara said: "By any measure, the data breaches at these firms were breathtaking in scope and in size."

The hacking is said to have taken place using a server based in Egypt, and conducted by Shalon and Aaron.

The two are separately accused, along with an unnamed defendant, of targeting brokerages E*Trade and Scottrade, as well as the unit of Dow Jones that publishes the Wall Street Journal newspaper.

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Shalon is also accused of running Coin.MX, an illegal bitcoin exchange, along with Anthony Murgio.

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