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FBI Investigates 'Sophisticated' Cyber Attack On JP Morgan, 4 More US Banks 98

Posted by timothy
from the could-have-been-motivated-by-love dept.
Bruce66423 writes with news of an electronic attack believed to affect at least five U.S. banking institutions this month, including JP Morgan, now being investigated by the FBI. According to the Independent, The attack on JP Morgan reportedly resulted in the loss of “gigabytes of sensitive data” that could have involved customer and employee information. It is said to have been of a level of sophistication beyond ordinary criminals, leading to speculation of a state link. The FBI is thought to be investigating whether there is a connection to Russia. American-Russian relations continue to be fraught amid the crisis in Ukraine, with sanctions ramped up. Bruce66423 asks "The quality of the attack, which appears to have led to 'gigabytes' of data being lost, is raising the prospect of a state being the source. The present culprit suggested is Russia... why the assumption it's not China — just because China isn't invading the Ukraine at the moment?" News of the attack is also at the New York Times, which notes Earlier this year, iSight Partners, a security firm in Dallas that provides intelligence on online threats, warned companies that they should be prepared for cyberattacks from Russia in retaliation for Western economic sanctions. But Adam Meyers, the head of threat intelligence at CrowdStrike, a security firm that works with banks, said that it would be “premature” to suggest the attacks were motivated by sanctions.
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FBI Investigates 'Sophisticated' Cyber Attack On JP Morgan, 4 More US Banks

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  • by Anonymous Coward on Thursday August 28, 2014 @07:56AM (#47773297)

    Yawn

    same old...same old...

    Private "cybersecurity" firm reports data breach. Lots of data transferred. Must be "state" actor APT! But who? China? Russia? Who is US government/media currently demagoguing against? Maximum fear factor achieved!

  • by nimbius (983462) on Thursday August 28, 2014 @08:21AM (#47773469) Homepage
    Cyber washes over so much of the actual problem with these companies. it implies some val kilmer secret agent jack bauer bullshit that does not exist in practical terms as the situation applies to entities like Chase. Its a convenient means of misdirecting attention at best.
    Lets take a step back and call this what it actually was. Chase involuntarily discharged sensitive information about employees and customers. We can name chase because its too big to fail, but four other banks were part of this incident and we cant name them because to do so would cause egregious harm to their market reputation and force them to spend a pittance on re-issuing credit/debit cards. Chase will work to scapegoat this problem ad infinitum to the nearest foreign superpower that has been demonized/sanctified by politicians for this purpose and business will continue as usual. Chase will not accept liability for its shit-tier software, security practices, or disinterest in its customers and clients because it would harm the largest bank in the world and perhaps shave a sliver of profit off this quarter.
  • by Anonymous Coward on Thursday August 28, 2014 @08:57AM (#47773689)

    ... they blame the Russians

    Instead of blaming themselves of being so fucking antagonistic towards the rest of the world (see what the fuck they have done to Iraq, Libya, and now, Syria), they point their bloody fingers at others

    Fucking shits who don't even deserve the O2 that they breathe

  • by swv3752 (187722) <swv3752.hotmail@com> on Thursday August 28, 2014 @01:42PM (#47777321) Homepage Journal

    Like the virus that attacked Iran's nuclear centrifuge?

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