Iranian Hackers hitting dozen of US banks by DDoS attacks

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An aide unveils a wanted poster before U.S. Attorney General Loretta Lynch and Federal Bureau of Investigation Director James Comey hold a news conference to announce indictments on Iranian hackers for a coordinated campaign of cyber attacks in 2012 and 2013 on several U.S. banks and a New York dam, at the Justice Department in Washington March 24, 2016. REUTERS/Jonathan Ernst


Recently seven Iranian Hackers hitting dozen of US banks by DDoS attacks. Iranian hackers conducted a coordinated cyber attack on dozens of U.S. banks, resulting causing millions of dollars in lost business, and eventually tried to shut down a New York dam.

The U.S. government said the seven accused were believed to have been working on behalf of Iran’s government and the Islamic Revolutionary Guard. Those named live in Iran and the Iranian government is not expected to extradite them. Well there was no immediate comment from Tehran.

By the news reported early on Thursday at least 46 major financial institutions and financial sector companies were targeted, including JPMorgan Chase (JPM.N), Wells Fargo (WFC.N) and American Express (AXP.N), the indictment said. AT&T (T.N) also was targeted.

The hackers are accused of hitting the banks with distributed-denial-of-service attacks merely a dangerous way to struck someone’s firm which means a relatively unsophisticated way of knocking computer networks offline by overwhelming them with a flood of spammed traffic.

The U.S. Attorney General Loretta Lynch told in a Washington news conference: “These attacks were relentless, they were systematic, and they were widespread”.

Cyber security experts and U.S. intelligence officials have grown more alarmed in recent months by the possibility of destructive hacks of critical infrastructure such as dams, power plants and factories. Some have said a December cyber attack on the Ukraine’s energy grid that caused a temporary blackout of 225,000 should serve as a wake-up call.

 

 

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