23 April 2017
visit nextgenbanking.co.uk

FBI probes Russian link to cyber-attacks on US banks

28 August 2014  |  6502 views  |  0 JPMorgan Chase logo web screenshot

The FBI is investigating cyber-attacks on US banks, including JP Morgan Chase, by Russian hackers, according to press reports.

Citing two sources, Bloomberg says that gigabytes of sensitive data was stolen in the sophisticated attack, which happened in the last month. A zero-day vulnerability in one bank website was exploited by the hackers, who then managed to get past layers of security to get to the data.

Unsourced reports suggest that the mystery assailants burrowed so deeply into JPMorgan's computer systems that they may even have been able to alter or delete bank account records.

At least five US banks are thought to have been targeted. Similar attacks have been seen recently on European banks, and authorities are looking into whether these are linked.

The nature of the hit suggests that there may have been government involvement at a time when tensions between the US and Russia bubbled up over the Ukraine crisis, says the Bloomberg report.

However, US authorities think that the attack could also just be down to Russian cyber-crooks, although JP Morgan has not seen a noticeable rise in fraud since the attack, according to the Wall Street Journal.

The assault has also been downplayed by the Financial Services Information Sharing and Analysis Center, which shares information on cyber threats among the largest US banks.

"There are no credible threats posed to the financial services sector at this time," the group said in an email posted to member firms in the wake of Thursday's news reports.

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

Russian pleads not guilty to POS hacking

Russian pleads not guilty to POS hacking

11 August 2014  |  4799 views  |  0 comments | 5 tweets | 3 linkedin
Romanian cybercrime network dismantled

Romanian cybercrime network dismantled

18 July 2014  |  7293 views  |  0 comments | 7 tweets | 5 linkedin
US Treasury calls on financial sector to step up cybersecurity planning

US Treasury calls on financial sector to step up cybersecurity planning

17 July 2014  |  5794 views  |  0 comments | 4 tweets | 5 linkedin
US watchdog begins cybersecurity probes

US watchdog begins cybersecurity probes

25 June 2014  |  5924 views  |  0 comments | 8 tweets | 6 linkedin
As cyber threat grows, EU regulators warn FS firms on IT budgets

As cyber threat grows, EU regulators warn FS firms on IT budgets

03 April 2014  |  6466 views  |  0 comments | 9 tweets | 2 linkedin
Putin vows to build Russian rival to Visa and MasterCard

Putin vows to build Russian rival to Visa and MasterCard

27 March 2014  |  16857 views  |  14 comments | 30 tweets | 16 linkedin
Russian central bank site hit by hackers

Russian central bank site hit by hackers

14 March 2014  |  4752 views  |  0 comments | 7 tweets | 4 linkedin

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit dh.com

Top topics

Most viewed Most shared
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
9069 views comments | 27 tweets | 16 linkedin
hands typing furiouslyDoes the Buck Stop with GameStop?
8408 views 0 | 3 tweets | 14 linkedin
Western Union and MoneyGram unveil Facebook Messenger bots; Mastercard and Amex pile inWestern Union and MoneyGram unveil Faceboo...
8180 views comments | 16 tweets | 17 linkedin
Alipay and WeChat near $3 trillion payments milestoneAlipay and WeChat near $3 trillion payment...
7835 views comments | 35 tweets | 36 linkedin
Dutch banks back all-in-one mobile payments tech from INGDutch banks back all-in-one mobile payment...
6764 views comments | 17 tweets | 19 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job