Thursday, August 28, 2014

U.S. Banks May Have Been Hacked By Russia

The FBI is investigating coordinated cyberattacks that have hit JPMorgan Chase and at least four other U.S. firms.


Computer hackers have targeted JPMorgan Chase & Co. and at least four other banks following a co-ordinated attack on U.S. financial institutions this month, Bloomberg is reporting.


Computer hackers have targeted JPMorgan Chase & Co. and at least four other banks following a co-ordinated attack on U.S. financial institutions this month, Bloomberg is reporting.


Two unidentified sources — one a U.S. official and another briefed by U.S. law enforcement — discussed the incident with Bloomberg, and said that the theft of customer data could be used to drain accounts.


A third person said that employee data had been breached, and that the scale of the theft — involving gigabytes of data — meant there was potential for serious fraud.


Justin Sullivan / Getty Images


The attack may have been in retaliation for sanctions placed on the country for its involvement in the ongoing conflict in eastern Ukraine.


In a statement, JPMorgan spokesperson Trish Wexler said: "Banks of our size unfortunately experience cyber-attacks nearly every day. We have multiple layers of defense to counteract any threats and constantly monitor fraud levels."


According to The Guardian, Wexler did not confirm the reports, and the FBI has so far declined to comment.


The Wall Street Journal said the hacking incidents marked a "significant breach of corporate computer security".




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