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Arthur T Knackerbracket has found the following story:
A Russian national has admitted to carrying out the largest-known computer hack on a US bank. His 2014 breach of JPMorgan Chase generated hundreds of millions of dollars in illicit revenue and stole the data of more than 80 million JPMorgan clients.
Andrei Tyurin, 35, whose last name is also spelled Tiurin, also pleaded guilty to hacks against other US financial institutions, brokerage firms, and other companies. In all, he pleaded guilty in federal court to computer intrusion, wire fraud, bank fraud, and illegal online gambling as part of a securities-fraud scheme carried out by co-conspirators.
Prosecutors said that the from 2012 to mid-2015, Tyurin carried out a massive computer-hacking campaign that stole data belonging to more than 100 million customers of the targeted companies. The 2014 intrusion on JPMorgan alone resulted in the theft of more than 80 million customer records, making it the largest—or at least one of the largest—data hacks against a US financial institution.
Tyurin also carried out attacks on numerous US and foreign companies to further other criminal enterprises operated by Shalon and other co-conspirators. Those enterprises included unlawful Internet gambling businesses and international payment processors.
"Nearly all of these illegal businesses, like the securities-market manipulation schemes, exploited the fruits of Tyurin's computer-hacking campaigns," prosecutors said in Monday's release. "Through these various criminal schemes, Tyurin, Shalon, and their co-conspirators obtained hundreds of millions of dollars in illicit proceeds."
[...] The sophistication and scale of the hacks led US investigators to initially suspect the campaign was sponsored by the Russian government or the government of another well-resourced country. Investigators eventually concluded the attacks were the work of a for-profit criminal enterprise.
(Score: 3, Informative) by Freeman on Thursday September 26 2019, @02:39PM (3 children)
Shalon's hearing keeps being postponed and he was caught way before Tyurin. Apparently, he's been cooperating with authorities. Seems like Tyurin didn't get that chance or refused to do likewise. It makes a lot of sense, considering that Shalon has apparently agreed to repatriate hundreds of millions of dollars.
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
(Score: 2) by JoeMerchant on Thursday September 26 2019, @06:15PM (2 children)
When you've scored a hundred million dollars, why stay in the game?
🌻🌻 [google.com]
(Score: 2) by Freeman on Monday September 30 2019, @02:55PM (1 child)
Any number of reasons, greed and / or fear of death due to repercussions from leaving the organization or the like. Greed is usually a pretty big motivator all on it's own, though.
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
(Score: 2) by JoeMerchant on Monday September 30 2019, @03:30PM
As people I know enter their late 70s, I wonder what their accumulation of wealth activities are really for - to pass on to the children? Aren't there better things to give the kids, like breathable air, clean water, and edible fish in the oceans, instead of numbers on a balance sheet somewhere saying: you're more powerful than most other humans on the planet...?
I mean, I get it, habits are hard to break - they've been striving for that big brass ring for six decades+, and they're finally getting closer to it, but... why bother now?
🌻🌻 [google.com]
(Score: 0) by Anonymous Coward on Thursday September 26 2019, @03:05PM (2 children)
Arresting crooks is all right and protecting from thieves.
What about also fixing fhe bloody systems which obviously are so shitty as to affect millions? Come on JP, pour some juice into getting proper programmers who build real security.
(Score: 0) by Anonymous Coward on Thursday September 26 2019, @05:37PM (1 child)
jp morgan now spends a fair amount on security, from what i've heard. this is probably part of the reason why.
(Score: 2) by JoeMerchant on Thursday September 26 2019, @06:19PM
So, Andrei Tyurin is a hero - doing significant, but not crippling damage to the banks - demonstrating, black hat style, exactly why they need real security.
On the flip side- are the governments of the world somehow incentivizing the big banks to leave themselves vulnerable to state level attackers? Because, all in all, I'd rather live in a world with a bank meltdown than a mushroom cloud farm.
🌻🌻 [google.com]
(Score: 0) by Anonymous Coward on Thursday September 26 2019, @06:01PM
"The sophistication and scale of the hacks led US investigators to initially suspect the campaign was sponsored by the Russian government or the government of another well-resourced country. "
as if these windows-using pigs have any idea of wtf is going on.
(Score: 2) by ilPapa on Friday September 27 2019, @01:06AM
"Russia, if you're listening..."
You are still welcome on my lawn.