Cyber-terrorists target bank software nextFebruary 11, 2013
After attacking banks’ websites last fall, hackers “may graduate from crude DDoS attacks to more sophisticated ones that secretly penetrate banks’ systems and then steal or delete data,” reports The Economist.
Furthermore, “If 20,000 machines started hammering British payment gateways on the last weekend before Christmas, people wouldn’t be able to shop except with cash,” warns an information technology security professor quoted in the article. This is the second prediction or warning we have heard about potential cyber-attacks on financial targets during 2013 holiday season.
Read the full article—“War on terabytes”—here.
Banks have spent centuries perfecting physical security through alarm systems, tamper-proof vaults, armed guards, armored trucks, but they have a lot of catching up to do to guard their networks against the economic warfare being waged by overseas hackers.
Many experts and government officials blame last fall’s digital attacks (depicted in the excellent RivalHost infographic below) on Iran. That hasn’t been proved yet, but longtime readers may recall that Iranian leaders declared 2011 as “The Year of Economic Jihad,” and that Ahmadinejad said “that economic jihad should be realized in every aspect of all Iranian’s lives.”