Russian man sentenced to 12 years in prison for massive JPMorgan data heist
The prosecution of Tyurin is part of a long-running effort by U.S. law enforcement agencies to dismantle lucrative cybercriminal rings. U.S. and European agencies in October cracked down on QQAAZZ, a gang that has allegedly laundered millions of dollars for criminal hackers, by announcing charges against 14 of its members. The crackdowns, while significant, will only go so far in putting a dent in cybercriminal schemes that, according to one study, cost the global economy hundreds of billions of dollars a year.