Legal News

Cyber Attack Tools Used in U.S. Bank Attacks Found in Saudi Arabia
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

On Friday, Fox Business reported that security professionals who were probing the cyber attacks on U.S. banks made last month have found that the attack tools are more complex than previously thought and had  also been found in Saudi Arabia.

Carl Herberger, vice president of security solutions at security firm Radware said, “If I’m a small band of thugs and I’ve been using handguns and rifles, I’ve now given myself electronic access to major weapons systems.” Among the tools used for the cyber attacks on banks in the U.S. a major tool is a variant of a malware found by security firms in “labs in Saudi Arabia,” though it is “slightly different” from that used by the attackers.

What is yet not known is whether the malware originated in Saudi Arabia or the entire thing was coincidental. Herberger said, “Whether or not it originated there is anybody’s guess.” Radware’s finds suggests that other servers around the world may be affected by the malware and this might not be the end to the attacks.

  
What
Where


In a major digression from normal malware, the variant used in the cyber attacks has been created to live on servers rather than on desktops, indicating clearly that the malware was meant to affect institutional systems rather than individual users. Herberger also observed that the attacks are originating from independent data centers within trusted networks of banks. “This is causing some consternation,” he said.

National security officials, however, think that Iran’s secret cyber attack force is behind the attack. On the other hand, this week, Iran has denied any involvement in the matter and said its own communication companies had been hit by a cyber attack.

The recent attacks on U.S. banks have flummoxed private cyber-security professionals, who are taken aback by the power and scale of the attacks. Organizations affected by the attacks include Chase, BofA, USB, PNC, and NYSE Euronext’s New York Stock Exchange.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Tax Associate Attorney

USA-CA-Los Angeles

Los Angeles office of an AmLaw firm seeks mid-level tax associate attorney with 3-5 years of experie...

Apply Now

Real Estate/Transactional Attorney

USA-PA-Camp Hill

Camp Hill office of our client seeks real estate/transactional attorney with experience. The candida...

Apply Now

Corporate Attorney

USA-WY-Laramie

Laramie office of our client seeks corporate attorney with 2+ years of experience.

Apply Now

RELEVANT JOBS

Construction Attorney

USA-FL-Deerfield Beach

Highly regarded, AV-rated law firm seeks Construction Litigation Associate with a minimum of 5 years...

Apply now

Family Law Firm seeks Associate Attorney

USA-WA-Vancouver

Are you ready to excel at the highest levels of family law? Do you prefer a dynamic, energetic pract...

Apply now

Legal Secretary

USA-NY-Buffalo

Legal Secretary for small but busy law firm in downtown Buffalo, primarily handling real estate matt...

Apply now

Commercial Real Estate Attorney

USA-AL-Huntsville

Benefits Offered 401K, Dental, Medical, Vision Employment Type Full-Time Leo Law Firm, L...

Apply now

SEARCH IN ARCHIVE

To Top