Five arrested in JPMorgan US hacking case

Bloomberg sources claim a recent set of arrests are related to the 2014 JPMorgan computer compromise affecting 83 million people

U.S law enforcement officials have arrested five individuals who reportedly were involved in the high-profile 2014 computer hacking of JPMorgan.

Three of the individuals were arrested for stock manipulation while the other two were arrested for running an illegal Bitcoin exchange, according to the FBI.

Grand jury indictments unsealed Tuesday for each don't mention the JPMorgan attacks, but sources told both the Wall Street Journal and Bloomberg that all five individuals are people of interest in the FBI's investigation of the JPMorgan attack.

The perpetrators of that attack stole the login credentials of a JPMorgan employee and used it to access 90 of the company's servers.

They subsequently stole details including names, email addresses and phone numbers for about 76 million households and seven million businesses. No financial information was compromised, according to JPMorgan, though the attackers accessed multiple systems.

The attackers also penetrated the systems of other banks, according to reports.

Initially, JPMorgan suspected the Russian government was involved, though subsequent investigations had ruled out the possibility.

Of the arrests Tuesday, in the stock manipulation case Israeli citizens Gery Shalon and Ziv Orenstein were apprehended, along with U.S. citizen Joshua Samuel Aaron, the FBI said.

Their scheme was a classic pump-and-dump operation, involving artificially raising the value of low-volume stocks and then selling them at an inflated price to unwary buyers attracted through spam e-mail, according to court documents. The operation took place in 2011 and 2012.

Separately, Yuri Lebedev and Anthony Murgio were also arrested for operating an unlicensed Bitcoin exchange, Coin.mx, which traded over $1.8 million worth of Bitcoin on behalf of tens of thousands of clients, in violation of federal anti-money-laundering laws.

Joab Jackson covers enterprise software and general technology breaking news for The IDG News Service. Follow Joab on Twitter at @Joab_Jackson. Joab's e-mail address is Joab_Jackson@idg.com

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags securitylegalU.S. Department of JusticeCriminalJPMorgan

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joab Jackson

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?