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Trio made millions in profit

Three charged with biggest cyber attack in US financial history

cyberAuthorities in New York have uncovered what they describe as the biggest cyber-attack of financial firms in US history.

JP Morgan Chase, Fidelity and The Wall Street Journal were among the companies targeted by three hackers who are accused of operating a computer hacking and fraud scheme that generated hundreds of millions of dollars in illegal profit and accessed the personal data of more than 100 million people.

The three – two Israelis and an American – targeted 12 companies, including nine financial services companies and media outlets,

Israelis Gery Shalon, 31, and Ziv Orenstein, 40 are charged with Joshua Samuel Aaron, 31, a US citizen who lives in Moscow and Tel Aviv, with crimes dating from 2007 to the summer of 2015.

The charges relate to pumping up stock prices, running online casinos, payment processing for criminals, managing an illegal bitcoin exchange and the laundering of money through at least 75 shell companies and accounts around the world.

At a news conference in Manhattan, US Attorney Preet Bharara said: “By any measure, the data breaches at these firms were breathtaking in scope and in size. The charged crimes showcase a brave new world of hacking for profit.”

“It is no longer hacking merely for a quick payout, but hacking to support a diversified criminal conglomerate.”

The US Securities and Exchange Commission has already filed civil charges related to securities fraud against Shalon, Aaron and Orenstein.

 

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