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Bank hacks were work of Iran, officials say

posted onJanuary 9, 2013
by l33tdawg

The attackers hit one U.S. bank after the next. As in so many previous attacks, dozens of online banking sites slowed, hiccupped or ground to a halt before recovering several minutes later.

But there was something disturbingly different about the wave of online attacks on U.S. banks in recent weeks. Security researchers say that instead of exploiting individual computers, the attackers engineered networks of computers in data centers, transforming the online equivalent of a few yapping Chihuahuas into a pack of fire-breathing Godzillas.

The skill required to carry out attacks on this scale has convinced U.S. government officials and security researchers that they are the work of Iran, most likely in retaliation for economic sanctions and online attacks by the United States. "There is no doubt within the U.S. government that Iran is behind these attacks," said James Lewis, a former official in the departments of State and Commerce and a computer security expert at the Center for Strategic and International Studies in Washington.

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