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U.S., Israel make arrests related to JPMorgan hack

Posted On: Jul. 21, 2015 12:00 AM CST

July 21 (Reuters) — U.S. and Israeli law enforcement agencies have arrested four people in Israel and Florida related to securities fraud tied to computer hacks of JPMorgan Chase & Co. and other financial institutions, Bloomberg reported, citing sources.

An Israeli police spokesman said he did not have details of a scam involving JP Morgan but confirmed three arrests.

“Three Israeli citizens were arrested on Thursday and have been remanded in custody, appearing in court in Rishon Lezion, near Tel Aviv,” he told Reuters.

A fifth person remains at large, Bloomberg reported, quoting officials.

JPMorgan said last October that names, addresses, phone numbers and email addresses of about 83 million customers were exposed in a hacking attack, making it one of the biggest data breaches in history.

In the indictment, which was unsealed on Tuesday, two people were charged with securities fraud in a plan to pump up the value of low-volume stocks, Bloomberg said.

Two people arrested in Florida are charged with running an unlicensed money-remitting business related to the scheme, Bloomberg added.