20 October 2017

Iran blamed for BofA and Chase site attacks

24 September 2012  |  7603 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)

Finextra news in your inbox

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

Related stories

US banks on red alert as Chase and BofA sites suffer downtime

US banks on red alert as Chase and BofA sites suffer downtime

20 September 2012  |  10084 views  |  0 comments
State-sponsored banking virus found in Middle East

State-sponsored banking virus found in Middle East

10 August 2012  |  6487 views  |  3 comments
In 'unprecedented' step, Swift cuts off Iranian banks

In 'unprecedented' step, Swift cuts off Iranian banks

15 March 2012  |  12012 views  |  8 comments
US lawmakers bid to shut Iranian banks out of Swift network

US lawmakers bid to shut Iranian banks out of Swift network

02 February 2012  |  7331 views  |  0 comments
Israeli hackers take down Arab bank sites

Israeli hackers take down Arab bank sites

20 January 2012  |  7996 views  |  0 comments
Israeli hackers target Arab stock exchange sites as cyberwar escalates

Israeli hackers target Arab stock exchange sites as cyberwar escalates

18 January 2012  |  6460 views  |  0 comments

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15899 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9006 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8138 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7180 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6325 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job