Cyber Attacks on Banks Continue: The Latest Victim?

by Nate Wooley | September 26, 2012 8:53 am

The chain of cyber attacks on banking institutions continued this week with Wells Fargo (NYSE:WFC[1]) being subject to a denial-of-service attack. More than 200 customers filed complaints about login problems during the attack, according to Cnet[2].

A denial-of-service attack is one in which multiple requests to a company’s website overwhelms the site’s ability to respond. Such attacks do not typically endanger customers’ personal or account information.

The Wells Fargo attack is the latest in a series that last week saw both JPMorgan Chase (NYSE:JPM[3]) and Bank of America (NYSE:BAC[4]) get hit.

An Islamic group calling itself the “Cyber Fighters of Izz ad-din al-Qassam” is claiming responsibility for the attacks, and has promised to continue them.

Previous stories from InvestorPlace:

• Cyberterrorists Claim Credit for BoA Outage[5]

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