JPMorgan Among Victims of Vast Criminal Hacking Enterprise

Greg Farrell and Patricia Hurtado report:

JPMorgan Chase & Co. was among the targets of the biggest theft of customer data from U.S. financial institutions in history, prosecutors said in announcing charges against four men accused of running online schemes including stock manipulation and casino gambling that generated hundreds of millions of dollars.

The new allegations against the four, all previously charged, broaden dramatically the scope of a wide-ranging criminal enterprise with hacking at its core. In two indictments, prosecutors say the defendants targeted financial institutions, publishers, online stock brokers and software firms.


The hackers stole data of more than 100 million customers around the world, prosecutors said. Almost all their schemes, including the market manipulation, “relied for their success on computer hacking and other cybercrimes,” according to the indictment.

The defendants include alleged ringleader Gery Shalon and two others, Joshua Aaron and Ziv Orenstein. A second indictment accuses Anthony Murgio of conspiracy. All four were previously charged.

Read more on Bloomberg.

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