Cyber Attacks on Banks Continue: The Latest Victim?

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

Cyber Attacks on Banks Continue: The Latest Victim?

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:

Endnotes:
  1. WFC: http://studio-5.financialcontent.com/investplace/quote?Symbol=WFC
  2. according to Cnet: http://news.cnet.com/8301-1009_3-57520363-83/wells-fargo-is-latest-bank-to-be-hit-by-cyberattacks/
  3. JPM: http://studio-5.financialcontent.com/investplace/quote?Symbol=JPM
  4. BAC: http://studio-5.financialcontent.com/investplace/quote?Symbol=BAC
  5. Cyberterrorists Claim Credit for BoA Outage: http://investorplace.com/2012/09/cyberterrorists-claim-credit-for-boa-outage/

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