U.S. attorney Preet Bharara calls cyberattacks targeting JPMorgan, others ''breathtaking in scope and in size.'' Leah Duncan reports.
The first criminal charges tied to the 2014 hack against JPMorgan Chase have been filed. According to prosecutors, the attack is the largest theft of customer data from a U.S. financial institution. Three men were charged in a 23-count indictment - that included crimes against at least nine financial services companies and media outlets. A fourth man was charged over an illegal bitcoin exchange. Authorities say the hacking was done using a computer server in Egypt. Targets also included News Corp's Dow Jones, which publishes the Wall Street Journal, E*Trade Financial and Scottrade. According to the indictment, the illegal proceeds included tens of millions of dollars gained from manipulating prices of stocks sold to customers whose information had been stolen. The men are accused of computer hacking, securities fraud, wire fraud, identity theft, illegal Internet gambling and conspiring to commit money laundering. U.S. Attorney Preet Bharara: SOUNDBITE: PREET BHARARA, U.S. ATTORNEY, (ENGLISH) SAYING: The conduct alleged in this case, also by the way, may signal the next frontier in securities fraud - sophisticated hacking to steal material, non public information - something the defendants allegedly discussed for the next stage of their sprawling criminal enterprise