Wednesday, 11 May 2016

Israel to Extradite Alleged Chase Hackers

Israel will reportedly extradite two suspects who were indicted last year for their alleged connection to cyberattacks that breached JPMorgan Chase, Fidelity Investments Ltd., E*Trade Financial and others, as well as fraud schemes against the New Stock Exchange.

Cybersecurity experts say this is the latest example of how cross-border collaboration to bring cybercriminals to justice is improving. “This is a leap forward for Israeli and U.S. relations,” says Tom Kellermann, CEO of security firm Strategic Cyber Ventures. “There has been collaboration in the past, but limited.”

On May 9, Israeli authorities agreed to extradite Israeli nationals Gery Shalon and Ziv Orenstein, who were arrested in July 2015, to face charges in the U.S. that include wire fraud, document fraud, securities fraud, aggravated identity theft and money laundering, according to The Times of Israel.

The third person indicted in the case last year, U.S. citizen Joshua Samuel Aaron, remains at large.

The Israeli newspaper report does not indicate when the suspects will be extradited. Israel’s Justice Ministry did not respond to Information Security Media Group’s request for information; and the U.S. Attorney’s office in Manhattan, which requested the extradition, said it would only comment once the extraditions are, in fact, in motion. For the full article click here 



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