A U.S. court sentenced a 37-year-old Russian to 12 years in prison for perpetrating an international hacking campaign that resulted in the heist of a trove of personal information from several financial institutions, brokerage firms, financial news publishers, and other American companies.
Andrei Tyurin was charged with computer intrusion, wire fraud, bank fraud, and illegal online gambling offences, and for his role in one of the largest thefts of U.S. customer data from a single financial institution in history, which involved the personal information of more than 80 million J.P. Morgan Chase customers.
Besides the investment bank, some of the other major targets of the hacks were E*Trade, Scottrade, and the Wall Street Journal.
An estimated whopping sum of $19 million in criminal proceeds is what Tyurin is believed to have netted between 2012 to mid-2015 as he continues these extensive hacking from his home in Moscow.
In an instance;
Tyrin was reported to have collaborated with his partner Gery Shalon to artificially inflate the price of certain stocks publicly traded in the U.S by marketing said stocks in a deceptive and misleading manner to customers of the victim companies whose information were stolen during the intrusions.
To carry out the attacks, Tyurin is alleged to have used computer infrastructure located across five continents that were remotely controlled and is said to have maintained persistent access over long periods of time to the victims’ networks to download and refresh the stolen data from the companies periodically.