Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Security Infrastructure

Iran Denies It’s Behind Cyber Attacks on US Banks

TEHRAN – Iran has denied US media reports it carried out cyber attacks on US banks, the official IRNA news agency said Friday, quoting a statement from Tehran’s UN mission.

TEHRAN – Iran has denied US media reports it carried out cyber attacks on US banks, the official IRNA news agency said Friday, quoting a statement from Tehran’s UN mission.

“The Islamic republic of Iran categorically denies any involvement in cyber attacks on American banks and denounces such methods which are a violation of the sovereignty of nations,” the statement said.

Bank DDoS AttacksUS media reported Wednesday that American financial institutions are being pounded with high-powered cyber attacks that some suspect are being orchestrated by Iran as payback for political sanctions.

“There is no doubt within the US government that Iran is behind these attacks,” James Lewis, a former official in the state and commerce departments and now a computer security expert at the Center for Strategic and International Studies, told the New York Times.

While the identities of those behind the online onslaught officially remain a mystery, it was clear they were using a potent new weapon for slamming bank websites with overwhelming numbers or requests for information, reports said.

The top 20 US banks were hit on Wednesday with a third wave of attacks, each of which has been preceded by a claim of responsibility by a group calling itself Izz ad-Din al-Qassam Cyber Fighters.

The attacks began in September last year, according to Radware, which specializes in commercial computer security and has been investigating the cyber assaults.

John Bumgarner of the US Cyber Consequences Unit, a non-profit group that studies the impact of cyber threats, cautioned against rushing to assign blame for the attacks.

“These attackers are using the anonymity of the cyber space to mask who they are,” Bumgarner said. “There is not irrefutable evidence that the Iranian government was responsible.”

Advertisement. Scroll to continue reading.

Related: Sophisticated DDoS Toolkit Used in Recent Bank Cyber Attacks

Related: Cyberattack Capable of Downing Entire Internet Is Unlikely  

Related: Hackers’ Threatened Internet Shutdown Unlikely to Work

Related: DDoS Toolkit Being Used in Synchronized Attacks Against Banking, Hosting and Energy Firms

Written By

AFP 2023

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

People on the Move

Mike Dube has joined cloud security company Aqua Security as CRO.

Cody Barrow has been appointed as CEO of threat intelligence company EclecticIQ.

Shay Mowlem has been named CMO of runtime and application security company Contrast Security.

More People On The Move

Expert Insights

Related Content

Malware & Threats

The NSA and FBI warn that a Chinese state-sponsored APT called BlackTech is hacking into network edge devices and using firmware implants to silently...

Management & Strategy

Hundreds of companies are showcasing their products and services this week at the 2023 edition of the RSA Conference in San Francisco.

Security Infrastructure

Security vendor consolidation is picking up steam with good reason. Everyone wants to improve security efficiency and effectiveness while paying for less.

Cloud Security

The term ‘zero trust’ is now used so much and so widely that it has almost lost its meaning.

Funding/M&A

Responding to Cyber Threats Against Critical Infrastructures: Wired Business Media Acquires Long Running ICS Cybersecurity Conference Series

Security Infrastructure

Instead of deploying new point products, CISOs should consider sourcing technologies from vendors that develop products designed to work together as part of a...

Audits

The PCI Security Standards Council (SSC), the organization that oversees the Payment Card Industry Data Security Standard (PCI DSS), this week announced the release...

Security Infrastructure

Comcast jumps into the enterprise cybersecurity business, betting that its internal security tools and inventions can find traction in an expanding marketplace.