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Hacking as a business model against financial institutions

New York Times – Prosecutors Announce More Charges in Hacking of JPMorgan Chase: “Billing it as the largest hacking case ever uncovered, federal prosecutors in Manhattan on Tuesday described a global, multiyear scheme to steal information on 100 million customers of a dozen companies in the United States and use the data to advance stock manipulation activities, illicit online gambling and fraud. Prosecutors said they uncovered the complex scheme in their investigation of a computer hacking last year at JPMorgan Chase that involved the breach of contact information, such as emails, from 83 million customer accounts. Before long, investigators had uncovered a trail of 75 shell companies and a hacking scheme in which the three defendants used 30 false passports from 17 different countries. The group’s activity goes back as far as 2007, and it has reaped “hundreds of millions of dollars in illicit proceeds,” some of it hidden in Swiss accounts and other bank accounts, prosecutors said.”

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