More on Bank Cyber Attacks – Why Your Money May Be At Risk

Paul Wagenseil , SecurityNewsDaily

Why your money may be at risk after bank cyberattacks

For the past two weeks, an unknown attacker or group of attackers has disrupted access to the websites of five major American banks: Bank of America, JPMorgan Chase, Wells Fargo, U.S. Bank and PNC Bank.

Many customers have had trouble reaching the sites to check their account balances or move money around, thanks to what appears to be a series of coordinated attacks.

It’s not clear exactly who’s behind the disruptions, despite the claims of a previously unknown Islamist group, or even what sort of methods they’re using, but here’s what we do know.

What’s really happening?

Someone’s flooding the Web servers of the banks’ websites with tons of useless requests for information that can’t be fulfilled, overwhelming the servers. Experts call this a distributed denial-of-service (DDoS) attack.

As a tactic, it’s crude but temporarily effective; it doesn’t crash the servers, get into databases or cause lasting damage, but it does make the sites hard to reach by clogging the pipes.

Graham Cluley, senior technology consultant at the British anti-virus company Sophos, once likened a DDoS attack to “15 fat men trying to get through a revolving door at the same time.

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One thought on “More on Bank Cyber Attacks – Why Your Money May Be At Risk

  1. My first impression of this is that the banks are probably doing this themselves (a deliberate false flag) in order to obtain some underhanded objective that’s most likely not in your best interest. You know these reprobate one-percenters are capable of just about anything. Ordinary banks are simply thieves in Armani suits just making some old fart Rockefellers or Morgans rich back east, while credit unions keep your hard-earned cash right here in your own community. Plus they’ll even loan you money. Yank your dollars right out the elitist banks as quickly as you can, and put it in a credit union. If everybody did this, a lot of economic problems would disappear rather quickly – and we’d be free of these pompous parasites.

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