FBI: Russians hackers attacked Wall Street after sanctions imposed

posted at 8:01 pm on August 27, 2014 by Noah Rothman

According to the FBI, a group of Russian hackers who are in no way connected to the Russian government just happened to execute a sophisticated cyber-attack on a variety of Wall Street firms in August, occurring by happy chance just after the U.S. and other Western countries imposed a new round of sanctions on Moscow.

Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. (JPM) and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe.

The attack resulted in the loss of gigabytes of sensitive data, said the people, who asked not to be identified because the probe is still preliminary. Authorities are investigating whether recent infiltrations of major European banks using a similar vulnerability are also linked to the attack, one of the people said.

According to Bloomberg, “the trail is muddy enough” so that investigators cannot link the attack directly to the Russian government. Security experts told Bloomberg that this is a common tactic which Russian cyber units – an adept force which has crippled whole nations in the recent past – regularly apply.

“The Russians typically keep open the options to do something more, and the question now is what would trigger that and what would our response be?” Strategic Technologies program at the Center for Strategic and International Studies Director James Lewis asked.

Whatever the West’s response, if there is a response, it will be covert. After all, the President of the United States already declared that America’s new conflict with Russia is “not a new Cold War,” and acknowledging the cyber battlefield between these two nations long ago went hot would put the lie to this narrative.

This release from the FBI comes just hours after Ukraine accused Russia of sending a significant number of tanks and troops into its country, signaling a new phase in the hostilities between the two countries. As many commenters have noted, Western governments appear more preoccupied with maintaining the illusion of peace – even a tense peace – between Russia and the West than acknowledging the antagonistic reality relations with Russia.


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FBI: Russians hackers attacked Wall Street after sanctions imposed

Slava!

Dr. ZhivBlago on August 27, 2014 at 8:06 PM

Hands up!!!! Don’t Sanction!!!

BacaDog on August 27, 2014 at 8:14 PM

I thought Holder had all of the FBI’s agents at Ferguson building a scaffold for Officer Wilson.

VorDaj on August 27, 2014 at 8:19 PM

I’ve been extremely pro-Russian, but this Donbass adventure of Putin’s is satanically stupid. I just don’t understand why they’ve this. Donbass never ever made any economic sense for Russia even if they were to get it without firing a shot. Crimea made both economic and security sense. And now, so many lives are in ruin.

I blame the globalist “Davos Man” establishment for lighting the match in Ukraine, but it is Russia that has tossed the gasoline everywhere irresponsibly. With this stupid adventure, they’ve given justification to all their enemies. Work needs to be done to change the overly leviathan worldview of Russia.

ninjapirate on August 27, 2014 at 8:31 PM

“in no way connected to the Russian government just happened”

All you need to hear.

Barry is truly Vlad’s bitch.

formwiz on August 27, 2014 at 8:34 PM

Russians hackers

Noah, please. Do you earn money for this?

faraway on August 27, 2014 at 8:46 PM

Well, that last windows security update really hosed my 15 year old desktop.

Can I blame the Russians for that too?

Joseph OHenry on August 27, 2014 at 9:42 PM

It’s like we have a giant “KICK ME” sign on our back now.

Ward Cleaver on August 28, 2014 at 8:58 AM

what i want to know is: why don’t we know more about WHAT data was absconded with? “sensitive data” could be anything.

it would be beneficial to know if they even suspect any CC information was lost.

WaldoTJ on August 28, 2014 at 10:33 AM

According to the FBI, a group of Russian hackers who are in no way connected to the Russian government just happened to execute a sophisticated cyber-attack on a variety of Wall Street firms in August, occurring by happy chance just after the U.S. and other Western countries imposed a new round of sanctions on Moscow.

Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. (JPM) and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe

These 2 paragraphs were one right after the other. Don’t they seem to contradict each other?

Not to mention the incorrect plurality in the headline. Sloppy, Noah. Sloppy indeed.

runawayyyy on August 28, 2014 at 2:12 PM