Cyber Attacks on Banks Continue: The Latest Victim?

Wells Fargo the latest to come under fire

By Nate Wooley, InvestorPlace Writer

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

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) and Bank of America (NYSE:BAC) 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:

Article printed from InvestorPlace Media,

©2018 InvestorPlace Media, LLC