Boston, MA 08/28/2014 (wallstreetpr) – JPMorgan Chase & Co. (NYSE:JPM) and at least four other bank are the subjects of an investigation by the Federal Bureau of Investigation after reports emerged that they might have been hacked.’ Reuters reports that the attacks might have been propagated by hackers from Russia as retaliation to sanctions imposed on Russia because of its ongoing standoff with Ukraine.
Data lost on Attacks
The latest cyber-attacks come months barely, after five Chinese military men were indicted’ after being accused of hacking a number of U.S. Companies. Sensitive data might have been lost as a result of attacks although, the extent of the attacks is not yet known. JPMorgan Chase & Co. (NYSE:JPM) in a statement has stated that it is always prone to such attacks on a daily basis, maintaining that it has a series of security layers that are always on high alert.
The New York Times on its part reports that the hackers might have walked away with data including checking and savings account entering into gigabytes, in terms of size. Security experts are already describing the latest attack as a sophisticated Cyberattack. The motivation or origin of the attack is yet to be known. Security Firms have already been instructed to carry out forensic studies on what might have been lost.
U.S. Companies Vulnerable to Attacks
Earlier in the year, a Dallas-based security firm had raised a red flag stating that a number of U.S companies remained vulnerable to attacks from Russia as a retaliation for economic sanctions imposed on the country. With JPMorgan Chase & Co. (NYSE:JPM) reiterating it had not experienced any increased wave of fraud, it remains to be seen whether the attack was financially motivated
Banks like JPMorgan Chase & Co. (NYSE:JPM) always remain targets of intelligence agencies that are always in constant look for data about their targets. Russian authorities had earlier uncovered a virus that was installed’ in the majority of computers in the Lebanese financial sector. The virus was specifically used to acquire login credentials of bank accounts.
