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Online Bank Attacks were Iranian Retaliation, Officials Say

Wed, 01/09/2013 - 7:00pm

By Nicole Perlroth and Quentin Hardy

Courtesy of Daniel Rosenbaum/The New York Times James Lewis of the Center for Strategic and International Studies in Washington believes that recent online attacks on American banks have been the work of Iran. Courtesy of Daniel Rosenbaum/The New York Times


The attackers hit one American bank after the next. As in so many previous attacks, dozens of online banking sites slowed, hiccupped or ground to a halt before recovering several minutes later.

But there was something disturbingly different about the wave of online attacks on American banks in recent weeks. Security researchers say that instead of exploiting individual computers, the attackers engineered networks of computers in data centers, transforming the online equivalent of a few yapping Chihuahuas into a pack of fire-breathing Godzillas.

The skill required to carry out attacks on this scale has convinced United States government officials and security researchers that they are the work of Iran, most likely in retaliation for economic sanctions and online attacks by the United States.

Read more.

Source: The New York Times

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