Wednesday, July 22, 2015

Report: Spammers Hacked JPMorgan Chase

From Data Breach Today:

Report: Spammers Hacked JPMorgan Chase

The Manhattan U.S. Attorney's office has charged three men with running a pump-and-dump stock scheme that blasted out millions of spam emails per day to artificially "pump" up the price of penny stocks they owned, before the defendants allegedly "dumped" their stocks, making at least $2.8 million in profits. The scheme was reportedly also tied to hack attacks against financial services heavyweights JPMorgan Chase, Fidelity Investments and E*Trade Financial.

Separately, authorities also announced that two men have been arrested in Florida on charges that they ran an unlicensed online Bitcoin exchange that was used in part by cybercriminals based in the United States, Russia and beyond.

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