04 September 2015

Iran blamed for BofA and Chase site attacks

24 September 2012  |  5923 views  |  0 arrow on screen

Iran was behind last week's attacks on the Web sites of Bank of America and JP Morgan Chase, targeting the pair in retaliation for Western economic sanctions, according to US media reports.

The BofA and Chase sites both saw their online presences disrupted by Distributed Denial of Service attacks last week in what was initially reported to be a response to the release of a US movie mocking the prophet Mohammed.

However, citing sources, Reuters says that the US believes that the actions were just part of a broader campaign against American targets that has seen both banks, as well as Citi, under fire since late last year.

Reuters' sources say that the attacks originated in Iran but it is not clear whether they were carried out by the government or groups working on its behalf.

US Senator Joseph Lieberman has also pointed the finger, telling C-Span he believes the DDoS efforts were a response to "the increasingly strong economic sanctions that the United States and our European allies have put on Iranian financial institutions".

The claims have been dismissed by Iran though, with Gholam Reza Jalali, head of its civil defence organisation, telling the Fars News Agency: "Iran has not hacked the US banks."

The US is not adverse to using cyber-warfare itself - it is widely accepted to have worked with Israel on Stuxnet, the virus that famously hit Iran's uranium enrichment programme in 2010.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

20 September, 2012
10 August, 2012
17 April, 2012
15 March, 2012
02 February, 2012
20 January, 2012
18 January, 2012

Related company news

 

Related company information

JPMorgan Chase

Who is commenting?

Finextra Member Commented on: HSBC to rebrand Britsh...
Finextra Member Commented on: Zapp to use behavioura...

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
8367 views comments | 39 tweets | 15 linkedin
Payments UK sets out vision for 'world cla...
6925 views comments | 17 tweets | 10 linkedin
Swedish mPOS firm iZettle raises EUR60m fo...
6233 views comments | 13 tweets | 8 linkedin
HSBC glitch leaves thousands of customers...
6132 views comments | 13 tweets | 7 linkedin
UK boosts contactless limit to £30
5725 views comments | 31 tweets | 20 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job