And still there are some who don’t understand why there’s a lack of confidence in the financial markets?


Last week’s cyber attacks against US banks were more widespread than reported. In fact, it may have been the largest attack ever, industry experts say. According to Radware, a security firm that has investigated cyber intrusions on behalf of financial firms, roughly a half-dozen institutions endured digital assaults at around the same time, Tuesday. But only JPMorgan Chase (JPM) and BB&T (BBT) have so far confirmed the incident.

“If you have a leak in a boat, you can build a bigger boat so the leaks won’t mathematically sink your boat. That’s been fundamentally the process many folks have been taking.”

Carl Herberger


The attacks followed a threat earlier Tuesday by the al-Qassam Cyber Fighters, a group that has claimed responsibility for a series of incursions since September that have bogged down websites at some of the nation’s biggest banks and prevented customers from accessing their accounts. Tuesday’s attacks “were the largest…

View original post 796 more words

3 thoughts on “

  1. Pingback: Symantec Warns Against Small Business Vulnerabilities | EconoTwist's

  2. Pingback: If You Can’t Kill the Internet by DDoS, Try An Axe | EconoTwist's

  3. Pingback: Real Mafia War Online; Could Crash the Global Internet | EconoTwist's

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s