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blackscoop

September 28th, 2012

CHECK YO MONEY! Websites At The BIGGEST Banks In The U-S Attacked!

(BlackMediaScoop) This week, cyber attacks on the biggest U.S. banks, including JPMorgan Chase & Co. and Wells Fargo & Co., have breached some of the nation’s most advanced computer defenses and exposed the vulnerability of its infrastructure, said cybersecurity specialists tracking the assaults.

The attack, which a U.S. official said was waged by a still-unidentified group outside the country, flooded bank websites with traffic, rendering them unavailable to consumers and disrupting transactions for hours at a time.

Such a sustained network attack ranks among the worst-case scenarios envisioned by the National Security Agency, according to the U.S. official, who asked not to be identified because he isn’t authorized to speak publicly. The extent of the damage may not be known for weeks or months, said the official, who has access to classified information.

“The nature of this attack is sophisticated enough or large enough that even the largest of the financial institutions would find it difficult to defend against,” Rodney Joffe, senior vice president at Sterling, Virginia-based security firm Neustar Inc. (NSR), said in a phone interview.

While the group is using a method known as distributed denial-of-service, or DDoS, to overwhelm financial-industry websites with traffic from hijacked computers, the attacks have taken control of commercial servers that have much more power, according to the specialists.

The assault, which escalated this week, was the subject of closed-door White House meetings in the past few days, according to a private-security specialist who asked not to be identified because he’s helping to trace the attacks.

President Barack Obama’s administration is circulating a draft executive order that would create a program to shield vital computer networks from cyber attacks, two former U.S. officials with knowledge of the effort said earlier this month.


Bank Attacks

The group started almost two weeks ago with test attacks that triggered multiple alerts. The assault on financial firms began last week, starting with JPMorgan, Citigroup Inc. and Bank of America Corp. , moving successively this week to Wells Fargo, U.S. Bancorp and Thursday, PNC Financial Services Group Inc.
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The industry’s Financial Services Information Sharing and Analysis Center posted a warning on its website dated Sept. 19 that cited “recent credible intelligence regarding” potential cyber attacks.

Responsibility Claim

A group calling itself Izz ad-Din al-Quassam Cyber Fighters claimed responsibility for the assault in a statement posted to the website pastebin.com, saying it was in response to a video uploaded to Google Inc.’s YouTube, depicting the Prophet Muhammad in ways that offended some Muslims.

The initial planning for the assault pre-dated the video controversy, making it less likely that it inspired the attacks, according to Alperovitch and Joffe, both of whom have been tracking the incidents. A significant amount of planning and preparation went into the attacks, they said.


The attacks flooded the bank websites with 10 to 20 times more Internet traffic than the typical denial-of-service attack, Alperovitch said. He said that no data were stolen and no networks infiltrated by hackers.

There’s no evidence so far that the latest attack has included theft.

If the financial industry, which spends more on Internet security than any other industry and has its largest and most extensive defenses, can’t handle this, it’s not clear whether any critical-infrastructure industry can, the analysts said. Ain’t that the truth!

SCOOP: BUSINESS WEEK

DON’T YA’LL GO TO THE BANK AND “LIE” ABOUT YO MONEY MISSING LOL! BUT SERIOUSLY WHAT DO YOU THINK? THAT’S SCARY!

blackscoop
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