11:45 GMT +324 September 2019
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    Headquarters of JPMorgan Chase finance company in New York, the USA

    JPMorgan Chase Says No Fraud Resulted From Massive Cyber Hack

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    No incidents of fraud stemmed from the cyber attack that compromised contact information of more than 80 million customers, JPMorgan Chase Bank (JPM) spokesperson Trish Wexler told Sputnik.

    NEW YORK (Sputnik) — Earlier on Tuesday, two Israelis and a US citizen were indicted on charges of security fraud and identity theft at several financial institutions, including JPMorgan Chase Bank.

    "In terms of the 2014 JPM cyberattack, we had announced at the time that contact information for 83 million households and small businesses were compromised, but we continue to see no fraud associated with this," Wexler said on Tuesday.

    The bank said it cooperates with the US law enforcement to prevent such attacks from taking place in the future.

    "We appreciate the strong partnership with law enforcement in bringing the cirminals to justice," Wexler said. "As we did here, we continue to cooperate with law enforcement in fighting cybercrime."

    According to US prosecutors, Israeli nationals Gery Shalon and Ziv Orenstein collaborated with US citizen Joshua Aaronin in directing numerous large-scale criminal cyber hacks at financial institutions.

    The defendants also allegedly targeted news publications, pharmaceutical companies, online casinos and electronic currency exchanges, which earned them hundreds of millions of US dollars in illicit proceeds between 2007 and 2015.

    Shalon, Aaron and Orenstein face charges of money laundering, computer hacking and fraud, and up to 20 years in prison.

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