Saturday, October 10th17.3°C

FBI says it's investigating reports of cyberattacks against US financial institutions

NEW YORK, N.Y. - The FBI said Wednesday it's working with the Secret Service to determine the scope of recently reported cyberattacks against several U.S. financial institutions.

A report on said Wednesday that the FBI is investigating an incident in which Russian hackers attacked the U.S financial system this month in possible retaliation against U.S. government-sponsored sanctions aimed at Russia.

The attack, Bloomberg said, led to the loss of sensitive data. Bloomberg cited security experts saying that the attack appeared "far beyond the capability of ordinary criminal hackers."

The New York Times, citing people familiar with the matter, said JPMorgan Chase and at least four other firms were hit this month by co-ordinated attacks that siphoned off huge amounts of data, including checking and savings account information.

JPMorgan spokeswoman Trish Wexler said large companies experience cyberattacks nearly every day.

"We have multiple layers of defence to counteract any threats and constantly monitor fraud levels," said Wexler, who did not confirm the reports.

The Wall Street Journal cited unnamed sources in a report that called the attacks a "significant breach of corporate computer security."

JPMorgan is the largest U.S. bank by assets.

The FBI said in a statement that combating cyberthreats and criminals remains a top priority for the U.S. government and that it's "constantly working with American companies to fight cyber attacks."

The Canadian Press

Read more Business News


Recent Trending

Today's Market
S&P TSX13964.36-14.30
S&P CDNX552.26+5.20
S&P 5002014.89+1.46
CDN Dollar0.7723-0.0001
Natural Gas2.52+0.02

Okanagan Companies
Pacific Safety0.225-0.005
QHR Technologies Inc1.25+0.02
Metalex Ventures0.07+0.02
Russel Metals21.26-0.29
Copper Mountain Mining0.66+0.05
Colorado Resources0.07+0.00
ReliaBrand Inc0.0175+0.0009
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.075-0.005
Decisive Dividend Corp3.25+0.14
Diamcor Mining0.97+0.03



23700014-4939 Snow Pines Road
2 bedrooms 2 baths
more details
Click here to feature your property
Please wait... loading

Income for life?

Photo: Thinkstock.comIn almost every conversation I have with clients these days, the topic swings to interest rates. What direction they’re going, how long will they stay where they are and how...

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...


Member of BC Press Council