Regulation & ComplianceJP Morgan hack was not Russian revenge plot, says FBI

JP Morgan hack was not Russian revenge plot, says FBI

The FBI and US Secret Service have put to bed rumours that a recent cyber attack on JP Morgan & Chase, America’s largest bank, were sponsored by the Russian government.

The FBI and US Secret Service have put to bed rumours that a recent cyber attack on JP Morgan & Chase, America’s largest bank, was sponsored by the Russian government.

The financial institution admitted in August that hackers had accessed the names and contact details of 83 million customers, making the breach one of the largest in history. However, account details, passwords, user IDs and other personal information such as birth dates and Social Security numbers are not thought to have been compromised.

At a press conference held yesterday at the Financial Services Roundtable in Washington, law enforcement figures said that the attack is believed to have been mounted by cybercriminals. The authorities rejected earlier suggestions that the hack was revenge by the Russian government for economic sanctions, put in place in protest of the ongoing hostilities with Ukraine.

There is no indication this was the result of sanctions,” said Joseph Demarest, assistant director of the FBI’s cyber division.

Related Articles

Which transaction monitoring software is right for my institution?

Regulation & Compliance Which transaction monitoring software is right for my institution?

1m Elaine Dorkham
Bringing cryptocurrency to the front line  

Payments Bringing cryptocurrency to the front line  

4m Karen Vickers
China’s regulatory changes stimulate international interest

Asia Pacific China’s regulatory changes stimulate international interest

5m Michael McCaw
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
AccessPay offers free tool to help corporates utilise PSD2

Payments AccessPay offers free tool to help corporates utilise PSD2

5m GTNews
Many treasurers juggle increased GDPR burden with business restructuring

More News Many treasurers juggle increased GDPR burden with business restructuring

6m Victoria Beckett
The arrival of PSD2: views from the market

Banking The arrival of PSD2: views from the market

6m Victoria Beckett
PSD2: dull name, but seismic effect

Clearing & Settlement PSD2: dull name, but seismic effect

6m Alex Kwiatkowski