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US charges eight with multimillion-dollar cybercrime
U.S. federal prosecutors charged eight people on Wednesday in connection with a multimillion-dollar fraud that siphoned money from hacked accounts at banks and financial institutions, laundered it and sent it overseas.
Four of the eight have been arrested by authorities, one as he arrived at New York's John F. Kennedy Airport on Tuesday afternoon, while four remain at large. Prosecutors unsealed details of the case on Wednesday.
According to the Department of Justice, the scheme started in 2011 when hackers began gaining access to accounts at 15 financial institutions. They included well-known names such as Citibank, E-Trade, JP Morgan Chase, PayPal and TD Ameritrade, payroll processor Automated Data Processing (ADP), and niche organizations including the U.S. military's Defense Finance and Accounting Service.