Arrests Made In JPMorgan Hack, Securities Fraud Scheme

JPMorgan Chase & Co.'s 2014 data breach now has a face: four people in Israel and Florida have been arrested today in a securities fraud scheme related to the data breach of JPMorgan as well as other finanical insitutions, according to Bloomberg. 

The criminal enterprise -- which spanned West Palm Beach, Florida, Tel Aviv, and Moscow -- reportedly falsely inflated low-volume stocks. A newly unsealed indictment says at least five stocks in 2011 and 2012 were abused in the operation, which included email campaigns and manipulative trading in a "pump and dump" scheme.

A fifth individual remains at large, according to the report.

For more information on this breaking story, read the Bloomberg report here.