American Express customers trying to gain access to their online accounts Thursday were met with blank screens or an ominous ancient type face.
The company confirmed that its Web site had come under attack.
The assault, which took American Express offline for two hours, was the latest in an intensifying campaign of unusually powerful attacks on American financial institutions that began last September and have taken dozens of them offline intermittently, costing millions of dollars.
JPMorgan Chase was taken offline by a similar attack this month. And last week, a separate, aggressive attack incapacitated 32,000 computers at South Korea’s banks and television networks.
The culprits of these attacks, officials and experts say, appear intent on disabling financial transactions and operations.
Corporate leaders have long feared online attacks aimed at financial fraud or economic espionage, but now a new threat has taken hold: attackers, possibly with state backing, who seem bent on destruction.
“The attacks have changed from espionage to destruction,” said Alan Paller, director of research at the SANS Institute, a cybersecurity training organization. “Nations are actively testing how far they can go before we will respond.”
Security experts who studied the attacks said that it was part of the same campaign that took down the Web sites of JPMorgan Chase, Wells Fargo, Bank of America and others over the last six months. A group that calls itself the Izz ad-Din al-Qassam Cyber Fighters has claimed responsibility for those attacks.
The group says it is retaliating for an anti-Islamic video posted on YouTube last fall. But American intelligence officials and industry investigators say they believe the group is a convenient cover for Iran. Just how tight the connection is — or whether the group is acting on direct orders from the Iranian government — is unclear. Government officials and bank executives have failed to produce a smoking gun.
North Korea is considered the most likely source of the attacks on South Korea, though investigators are struggling to follow the digital trail, a process that could take months. The North Korean government of Kim Jong-un has openly declared that it is seeking online targets in its neighbor to the south to exact economic damage.
Representatives of American Express confirmed that the company was under attack Thursday, but said that there was no evidence that customer data had been compromised. A representative of the Federal Bureau of Investigation did not respond to a request for comment on the American Express attack.
Spokesmen for JPMorgan Chase said they would not talk about the recent attack there, its origins or its consequences. JPMorgan has openly acknowledged previous denial of service attacks. But the size and severity of the most recent one apparently led it to reconsider.
The Obama administration has publicly urged companies to be more transparent about attacks, but often security experts and lawyers give the opposite advice.
The largest contingent of instigators of attacks in the private sector, government officials and researchers say, remains Chinese hackers intent on stealing corporate secrets.
The Latest Bing News on:
Cyberattacks
- Cyber Protection Experts Fear Rise In AI-Driven Cyberattacks - Acronison March 21, 2023 at 2:07 pm
The accelerated advancement of artificial intelligence-driven (AI) innovations are feared to be clawing back some of the much-needed gains in the glo ...
- The man behind ChatGPT says the app could be used for cyberattackson March 21, 2023 at 5:30 am
Sam Altman, chief executive of OpenAI, the company that created ChatGPT, sounded some alarms in a recent interview with ABC News.
- Rising Trends of Cyberattacks in Nigeriaon March 20, 2023 at 5:00 pm
Global cybersecurity and digital privacy company, Kaspersky, reported that Nigeria had 16.7 million cyberattacks in just six months, from January – June 2021, making the country, alongside ...
- Phishing cyberattacks are on the rise, but Arconis helps stop them - opinionon March 20, 2023 at 4:49 pm
Phishing now accounts for approximately 76% of all cyberattacks, and it’s increasingly difficult for everyday people to know what messages they receive are legitimate.
- Corewell Health CISO: Government should help hospitals defend against cyberattackson March 20, 2023 at 12:54 pm
Scott Dresen, chief information security officer of dually headquartered Grand Rapids and Southfield, Mich.-based Corewell Health, said the federal government must help healthcare organizations defend ...
- Arkansas hospitals hit with eight lawsuits over cyberattackson March 20, 2023 at 9:02 am
Regional Health System and Nashville, Ark.-based Howard Memorial Hospital face a total of eight federal lawsuits over recent data breaches.
- Kyiv argues Russian cyberattacks could be war crimeson March 20, 2023 at 8:30 am
One of Ukraine's top cyber officials said some cyberattacks on Ukrainian critical and civilian infrastructure could amount to war crimes. Victor Zhora, chief digital transformation officer at the ...
- Expert Challenges Minister over Claims of 12.99m Cyberattacks in Four Dayson March 19, 2023 at 9:36 pm
Pantami had last week in a statement signed by his spokesperson, Uwa Sulaiman, disclosed that 12.99 million cyberattacks were recorded during presidential election week. According to the statement, ...
- Q&A: Addressing the upward march of cyberattackson March 17, 2023 at 1:56 pm
Statistics show that cyberattacks are trending upwards. Why is this the case and why are firms still increasingly vulnerable to data breaches and other forms of attacks? To gain a view of current ...
- How banking turmoil raises the risk of cyberattackson March 17, 2023 at 11:20 am
CNBC's Deirdre Bosa joins Kelly Evans and 'The Exchange' to discuss why banking turmoil has an impact on cybersecurity.
The Latest Google Headlines on:
Cyberattacks
[google_news title=”” keyword=”cyberattacks” num_posts=”10″ blurb_length=”0″ show_thumb=”left”]
[/vc_column_text]
The Latest Bing News on:
Denial-of-service attack
- Report: wartime hacktivism is spilling over into the financial services industryon March 21, 2023 at 3:02 pm
Russia's war with Ukraine has triggered a surge in ideologically motivated hacktivism that persists to this day, posing by far the most significant impact on the cyber threat landscape for financial ...
- Hackers increasingly use phone and email harassment to extort ransom paymentson March 21, 2023 at 2:00 am
Unit 42 Ransomware and Extortion Report found that ransomware harassment is typically carried out via phone calls and emails. The target of phone calls is usually specific individuals, often in the ...
- Defining endpoint security in a zero-trust worldon March 20, 2023 at 10:33 pm
Increased cloud attacks and the need for stronger endpoint security are making 2023 more challenging than many CISOs budgeted for.
- Terabit DDoS attacks need state-of-the-art terabit DDoS mitigation – are you ready?on March 20, 2023 at 4:49 pm
In recent years, distributed denial of service attacks have become more frequent and sophisticated. Attackers continue to find new ways to flood target networks with massive-scale attacks that have ...
- Mirai Hackers Use Golang to Create a Bigger, Badder DDoS Botneton March 20, 2023 at 1:23 pm
With HinataBot, malware authors have created a beast many times more efficient than even the scariest botnets of old, packing more than 3Tbit/s DDoS speeds.
- This new botnet could launch a devastating DDoS attack at any timeon March 20, 2023 at 6:01 am
The researchers’ honeypots picked up the new botnet as the malware tried to exploit old vulnerabilities such as CVE-2014-8361 and CVE-2017-17215 to increase the number of bots. These two flaws are ...
- Wallet Guard Reveals Massive DDoS Attacks, Says It's Ongoing but Mitigatedon March 17, 2023 at 7:18 pm
On Thursday, March 16th, the security extension Wallet Guard revealed it has been defending a massive DDoS attack combined with a bot attack on its Twitter account since March 13th. At its peak, the ...
- Go-based HinataBot latest botnet to focus on DDoS attackson March 17, 2023 at 2:38 pm
Akamai researchers say the HinataBot botnet has been active for the first three months on 2023, but has exploited vulnerabilities from as far back as 2014.
- Distributed Denial-of-Service (DDoS) Attack Solution Market 2023 The Future Size and Growthon March 13, 2023 at 8:53 pm
Distributed Denial-of-Service (DDoS) Attack Solution Market Size 2023 | New Report (124 Pages) | Information Technology ...
- Akamai foils massive DDoS attack in Asia that reached 900Gbpson March 10, 2023 at 11:37 am
The largest DDoS attack in the Asia-Pacific region has just been mitigated before it could cause any serious damage. Here's what happened.
The Latest Google Headlines on:
Denial-of-service attack
[google_news title=”” keyword=”Denial-of-service attack” num_posts=”10″ blurb_length=”0″ show_thumb=”left”]