U.S. Officials Point Finger at Iran in Bank Hack
January 9, 2013 10:08 AM
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The attacks were described as highly sophisticated and not the work of amateurs
Recently hackers attacked multiple banks within America causing the online banking sites to slow or even crash before recovering shortly after.
The New York Times
reports that the disturbing thing about the rash of bank attacks was that rather than exploiting individual machines, attackers engineered networks of computers in data centers to carry out the attack.
According to officials in the U.S. this sort of attack requires significant skills and the skill needed has convinced some U.S. government officials and security researchers that the attacks were the work of Iran. The officials believe that the bank attacks were likely retaliation for economic sanctions put in place by the United States.
“There is no doubt within the U.S. government that Iran is behind these attacks,” said James A. Lewis, a former official in the State and Commerce Departments and a computer security expert at the Center for Strategic and International Studies in Washington.
There has been no proof offered by American officials that Iran is the source of the attacks. However, the officials say that one key sign that the attacks were state-sponsored comes in the fact that the hackers were simply out to disrupt, not to try to steal money.
“The scale, the scope and the effectiveness of these attacks have been unprecedented,” said Carl Herberger, vice president of security solutions at Radware.
So far the online websites of major banks including Bank of America, Citigroup, Wells Fargo, U.S. Bancorp, PNC, Capital One, Fifth Third Bank, BB&T and HSBC have been attacked. The attackers used DDoS techniques to deny service by sending large volume of traffic to a site until the sites crashed.
The officials in the U.S. are quick to point out, however, that no bank accounts were breached and no money was taken in the attacks.
New York Times
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RE: Government Conspiracy
1/9/2013 12:25:50 PM
It seems like DDoS attacks are fairly minor these days and are a mere annoyance.
Right now it seems most threats are hacking; centered around getting unencrypted or lightly encrypted data which can be cracked and exploited. Companies are starting to get better at properly encrypting their customer's account information so it's much harder to crack.
Once everything is duly encrypted and hardened will the battle turn mostly to social engineering or will it still be the same old arms race?
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