22 August 2017
Visit http://response.ncr.com

Fraud arrests linked to JPMorgan hack

22 July 2015  |  4346 views  |  0 JPMorgan

Authorities in the US and Israel have arrested four people in connection with fraud schemes linked to last year's huge cyberattack on JPMorgan Chase.

Two men, Gery Shalon and Ziv Orenstein, charged in the US with running a stock manipulation scheme have been picked up in Israel. A third man, Joshua Aaron, remains at large. Court filings allege that the men ran campaigns to drive up the prices of penny stocks by pushing them to people through spam emails before selling their stock for millions in profits.

Meanwhile, in a separate case, another two men, Anthony Murgio and Yuri Lebedev, have been arrested in Florida in connection with running an unlicensed bitcoin-based money transfer business, called Coin.mx. The pair are accused of exchanging cash for bitcoin for people they believed to be engaged in criminal activity and of connection to ransomware attacks.

Although there is no mention of it in official statements on either case, some of the men are also suspected of involvement with last summer's data breach at JPMorgan Chase, which the saw the personal information of more than 80 million customers stolen, says the New York Times, citing sources.

Investigators think that the suspects intended to use email addresses obtained in the hack to find more spam victims. While none of the men have been charged in relation to the attack because of a lack of evidence, authorities are hoping that they can put pressure on them to cooperate with the investigation, sources told the Washington Post.

KeywordsLEGAL

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

JPMorgan staffer gets six years jail time for ID theft scam

JPMorgan staffer gets six years jail time for ID theft scam

15 May 2015  |  10472 views  |  0 comments | 3 tweets | 3 linkedin
Staples investigates data breach; Moscow cleared of JPMorgan hack

Staples investigates data breach; Moscow cleared of JPMorgan hack

21 October 2014  |  8747 views  |  1 comments | 2 tweets | 7 linkedin
JPMorgan denies hacking report

JPMorgan denies hacking report

02 October 2014  |  5698 views  |  0 comments | 2 tweets | 2 linkedin
JPMorgan yet to detect rise in fraud from recent cyber-attack

JPMorgan yet to detect rise in fraud from recent cyber-attack

12 September 2014  |  6858 views  |  0 comments | 3 tweets | 3 linkedin

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comdownload the paper nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12421 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10978 views comments | 22 tweets | 34 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10205 views 0 | 6 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10161 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10064 views comments | 21 tweets | 34 linkedin