Thursday, September 4, 2014


Hass & Associates Online Reviews: FBI Investigates Possible Breach of JPMorgan

Posted in , reported on 27th August, 2014 stating that FBI (Federal Bureau of Investigation) of America is investigating a breach of data in JPMorgan and may be in many other banks. According to Forbes, a renowned American financial magazine, JPMorgan is the largest bank in the US and sixth largest in the world.

Sources said that the investigators probing the matter believe that hackers might have breached with the help of malware although reach and timing of the hack is scant and two to five US banks might have been affected.

Cybercriminals have been targeting banks since long who are after financial data of customers. published news on 27th August, 2014 quoting Trish Wexler, Spokeswoman of JPMorgan, as saying "Financial Services Company Fights Hackers Continuously." published news on 28th August, 2014 quoting Wexler as saying "It is unfortunate that companies of our size get cyber-attacks almost every day and so we have many layers of defense to thwart any threats and continuously monitor fraud levels."

In the meantime, security researchers scanning JPMorgan's network found that malicious software on computers in India and Hong Kong is capable of stealing sensitive and banking data. This review was different from the attacks being investigated by FBI. published news on 28th August, 2014 quoting one of the researchers as saying "they found office of JPMorgan in Hong Kong infected in July 2014 with Zeus Trojan horse malware which can steal banking credentials. Also an office in India was found infected in last week (fourth week of August) with Sality malware which can compromise Web servers and steal data."

According to media in the US, Russian hackers are believed to be behind the attacks. Online news website Bloomberg quoted two persons probing the matter as saying "FBI believes that the attacks were in retaliation of sanctions by US against Moscow over its support of secessionist rebels of Ukraine."

Moreover, many US banks were attacked online early this year including J.P. Morgan Chase, Wells Fargo, Bank of America, HSBC (Hong Kong and Shanghai Banking Corporation) and Citigroup and government officials believe that these attacks originated from Iran.