WASHINGTON — The series of cyber attacks that repeatedly knocked major US banking websites offline in the past nine months had been more powerful than the public realised, government officials and security experts told the Reuters Cybersecurity Summit on Friday.
Members of congressional intelligence committees said the attacks were sponsored by Iran and showed its growing capability in cyberspace. US banks, internet service providers and security companies “have had trouble keeping up with the recent DDoS attacks that have had the sophistication and level of resources that a nation-state entity like Iran can devote to them”, House intelligence committee chairman Mike Rogers says.
“As a result, many key parts of our telecommunications and financial services infrastructure have been stressed to a dangerous level.”
In three waves of attacks since September, consumers have reported inability to conduct online transactions at more than a dozen banks, including Wells Fargo and Citigroup.
Reuters
