Cybercrimes One-Pager: JP Morgan & Chase Co
Cybercrimes 1 Pager: JP and Morgan Chase & Co Database Hacked Overview =The event occured in mid-late 2014. Millions of people's data was stolen from JP Morgan Chase & Co, as part of an organized hacking that spanned just under 10 years. 3 guys from Israel, plus an anonymous fourth hacker, stole 83 million people’s personal data, and used it to make millions of dollars in illegal profits. The hackers also stole info related to company profits and news, which they used to manipulate stock prices and make financial gain. The hackers planned to use the data to start their own company based on JP Morgan & Chase Co, but fortunately their hack was stopped and they were caught before they could start. How and How to Prevent -These guys were able to use over 200 fake ID documents to manipulate the company's payment processing center, in order to launder money through 75 fake shell companies and accounts. The attack was discovered in September, but not fu...