Manhattan federal prosecutors on Tuesday disclosed criminal charges against the owner of an illegal Bitcoin exchange and other individuals believed responsible for the largest-ever theft of client data from a U.S. bank. In a 68-page indictment, the U.S. Attorney's Office for the Southern District of New York said that Gery Shalon, a U.S. resident and former owner of the now-defunct Florida Bitcoin exchange, Coin.mx, directed a series of cyber-attacks against banks, brokerages, and finance publications in efforts to perpetrate a penny stock fraud that generated tens of millions of dollars in illicit revenue. The group used 75 shell companies, dozens...
U.S. financial institutions are reevaluating their cybersecurity controls in light of increasingly complex online attacks aimed at stealing client funds and data, according to experts.
U.S. officials recently warned financial institutions that unprecedented cyberattacks on a global interbank messaging platform could be repeated on a grand scale, leading to billions of dollars of losses and choking off global payments.
Cybercriminals are employing increasingly complex tactics to defraud the U.S. Treasury Department and taxpayers, a top federal investigator said Monday.
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