Quote from: Chase on November 11, 2015, 12:40:26 AM

Quote from: DNotes on November 10, 2015, 11:45:06 PM

I didn't want to post the entire article, but it's worth a read. Pretty incredible.

JPMorgan's 2014 Hack Tied to Largest Cyber Breach Ever

The U.S. described a vast, multi-year criminal enterprise centering on hacks of at least nine big financial and publishing firms and the theft of information on 100 million of their customers that fueled a web of stock manipulation, credit-card fraud and illegal online casinos.

Two indictments, unsealed Tuesday, tied three of four suspects to previously reported hacks of JPMorgan Chase & Co., E*Trade Financial Corp., Scottrade Financial Services Inc. and Dow Jones & Co., a unit of News Corp.

Hackers and conspirators in more than a dozen countries generated hundreds of millions of dollars in illicit proceeds on pump-and-dump stock schemes and particularly lucrative online gambling, prosecutors said.

From 2012 to mid-2015, the suspects and their co-conspirators successfully manipulated dozens of publicly traded stocks, sent misleading pitches to clients of banks and brokerages whose e-mail addresses theyd stolen, and profited by using trading accounts set up under fake names, prosecutors said.

[...]

http://www.bloomberg.com/news/articles/2015-11-10/hackers-accused-by-u-s-of-targeting-top-banks-mutual-funds

"The co-conspirators deceived financial institutions into processing and authorizing payments..."

They colluded with corrupt international bank officials who willfully ignored its criminal nature in order to profit..."

All this makes me wonder how many corrupt individuals are working inside these "victim" banks.

And once again how is it no one was held accountable for these obvious criminal actions? This is why elderly people tend to want to place their money under the matress as they have seen a run on the banks before or were children sitting in the room listening to mom and dad talk about how they were going to make it financially and have little trust in financial institutions.