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Anti-Fraud Firm G2 Said Among Victims of Ring That Hit Banks

  • Hackers spied on firm to stay ahead of it, U.S. alleged
  • Breach allegedly helped ring's money-laundering efforts
Updated on

The merchant-risk intelligence firm whose network breach was described this week by federal prosecutors in Manhattan is G2 Web Services LLC, a person briefed on the matter said Friday.

A global criminal ring bolstered its money-laundering operations by overseeing the hack of a company whose services include detecting credit-card fraud, according to a Nov. 10 indictment that tied suspects to the 2014 breach of JPMorgan Chase & Co. customer data. The merchant security firm -- identified in the indictment only as Victim 12 of Bellevue, Washington -- was mined by hackers seeking details that would help the ring stay a step ahead of fraud-fighting efforts.