Did Russian Cyberattackers Raid Big US Banks?
Feds suspect attacks could be payback for sanctions, sources say
By Rob Quinn, Newser Staff
Posted Aug 28, 2014 1:16 AM CDT
The shadow of a pedestrian is cast under a sign in front of JPMorgan Chase & Co. headquarters in New York.    (AP Photo/Seth Wenig, File)

(Newser) – The big banks are staying tight-lipped about it, but multiple sources say several major US financial firms were hit by hackers who made off with gigabytes of data earlier this month. The banks included JPMorgan Chase and at least four others, according to New York Times sources, who say the stolen data included checking and savings account information and the motivation of the attackers is still unclear. An FBI spokesman says the agency is working with the Secret Service to investigate the reported attacks, Reuters reports. A JPMorgan spokeswoman says "companies of our size unfortunately experience cyberattacks nearly every day" and the bank has "multiple layers of defense."

The cyberattackers were Russian, sources close to the investigation tell Bloomberg, and the FBI suspects the raid was revenge for US sanctions. The sources say the highly sophisticated attacks may be linked to recent attacks on financial firms in European countries that have also imposed sanctions on Moscow. "Russia has a policy of reactionary attacks in relation to political contexts," an analyst at cybersecurity firm iSight says. "When it comes to countries outside their sphere of influence, those attacks would be more surreptitious."

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Aug 28, 2014 8:15 PM CDT
I love how JP Morgan Chase was quoted as saying "They haven't seen any signs of unusual fraud and are monitoring it closely." As opposed to signs of their own "usual fraud"?
Aug 28, 2014 11:25 AM CDT
Darn it! what an irony! US banks raid american taxpayers!, and then Russia raids US banks. Go figure!. But we won't get our money back, I am sure of that. However there is always a good chance US banks will get "theirs" back by raising their so called "fees". Sure!. Sincerely, Truesoy
Aug 28, 2014 8:48 AM CDT
Yeah! The Ruskies must be wacthing.... The movie "Live Free or Die Hard" with Bruce! John McClane and a young hacker join forces to take down master cyber-terrorist Thomas Gabriel in Washington D.C.! Also those words "FIRE SALE" !!!!! A Fire Sale is an assault against the United States' government, transportation, banks and economy by computer ...! There ya go back!