Iran Responsible for Wave of Data Center-Originated Attacks on U.S. Banks, Government Says

By

If this decade has a “theme” when it comes to technology, it just might be the rise of the modern data center. While enterprises marvel at the power of data centers to make using business applications easier, and the rest of us take advantage of cloud services to store our data, it’s important to remember that the elements that make these centralized repositories of computing power so appealing can also have ominous implications when misused.

Traditionally, hackers have made use of individual computers, or a networked string of individual computers, to do their dirty work. Increasingly, however, more sophisticated hackers are turning to data centers to harness the very power we admire so much.


Image via Shutterstock

Recent attacks on U.S. banks by hackers are breathtaking in their intensity, surpassing all previous scope and damage. Since September of last year, Bank of America, Citigroup, Wells Fargo, U.S. Bancorp, PNC, Capital One, Fifth Third Bank, BB&T and HSBC have all experienced similar attacks.

According to the New York Times, security researchers say that instead of exploiting individual computers, the attackers engineered entire networks of computers in data centers. The sophisticated and coordination of the attacks have led U.S. government officials to believe that it’s not simply a few malicious attackers seeing what they could accomplish: instead, security agencies are blaming Iran, and believe the attacks are retaliation for U.S. sanctions on the nation.

“There is no doubt within the U.S. government that Iran is behind these attacks,” said James A. Lewis, a former official in the State and Commerce Departments and a computer security expert at the Center for Strategic and International Studies in Washington.

Analysts have not offered any direct proof of these assertions, but say that a clue is in the intent of the attacks: they were not orchestrated to steal money or customer data, but instead to simply wreak havoc.

The dedicated denial of service (DDoS) attacks have originated from data centers all around the world. The various cloud services and public Web hosting services involved have all been infected with a complex kind of malware that is able to elude current security protocols.  

The attacks are similar in nature to attacks waged on the nation of Estonia and its banks and media outlets in 2007. Though it was never proven (or if it was, the information was never made public), the attacks were thought to be state-sponsored by the Russian government.  (The trigger event was the Estonians' removal of a Bronze Soldier Soviet war memorial in the Estonian capital of Tallinn.)

While the world in general becomes a more peaceful place (qualified by a reduction in the number of global wars), it’s hard not to wonder if the next battle front won’t involve guns, missiles and armies, but organized cyber-terrorism intended to cripple entire nations and their critical networks.




Edited by Brooke Neuman

TechZone360 Contributor

SHARE THIS ARTICLE
Related Articles

Coding and Invention Made Fun

By: Special Guest    10/12/2018

SAM is a series of kits that integrates hardware and software with the Internet. Combining wireless building blocks composed of sensors and actors con…

Read More

Facebook Marketplace Now Leverages AI

By: Paula Bernier    10/3/2018

Artificial intelligence is changing the way businesses interact with customers. Facebook's announcement this week is just another example of how this …

Read More

Oct. 17 Webinar to Address Apache Spark Benefits, Tools

By: Paula Bernier    10/2/2018

In the upcoming webinar "Apache Spark: The New Enterprise Backbone for ETL, Batch and Real-time Streaming," industry experts will offer details on clo…

Read More

It's Black and White: Cybercriminals Are Spending 10x More Than Enterprises to Control, Disrupt and Steal

By: Cynthia S. Artin    9/26/2018

In a stunning new report by Carbon Black, "Hacking, Escalating Attacks and The Role of Threat Hunting" the company revealed that 92% of UK companies s…

Read More

6 Challenges of 5G, and the 9 Pillars of Assurance Strategy

By: Special Guest    9/17/2018

To make 5G possible, everything will change. The 5G network will involve new antennas and chipsets, new architectures, new KPIs, new vendors, cloud di…

Read More