Virtual Event: Threat Detection and Incident Response Summit - Watch Sessions
Connect with us

Hi, what are you looking for?


Security Infrastructure

JP Morgan Chase Blasted Offline during DDoS attack

JP Morgan Chase is recovering from a DDoS attack that knocked it’s website, and online banking offline on Tuesday, making them the latest victim in a wave of DDoS attacks against financial institutions.

JP Morgan Chase is recovering from a DDoS attack that knocked it’s website, and online banking offline on Tuesday, making them the latest victim in a wave of DDoS attacks against financial institutions.

Initially, the DDoS prevented access completely for some customers, and then the attack created intermittent outages and connections that were sluggish and slow. Customers were greeted with a notice on that simply stated that the site was “temporarily down.” Mobile banking was unaffected by the attack, Chase said.

The bank confirmed the DDoS attack to the media, but would not, or could not disclose technical details such as peak traffic or length of attack. As of Tuesday evening, was working as normal.

Earlier this month, a group calling itself Izz ad-Din al-Qassam Cyber Fighters, promised new DDoS attacks against the finance sector, having previously targeted several American banks successfully. At the time their warning was delivered, Bank of America, PNC Bank, Wells Fargo, and Citibank were all having connection issues or were offline entirely. 

Earlier this year, a study by the Ponemon Institute said that 64% of IT staffers working within the financial sector said that their banks had suffered at least one DDoS attack within the previous 12 months, and 78% of those respondents said that DDoS attacks will either continue or increase in 2013.

“The belief that traditional perimeter security technologies such as firewalls are able to protect against today’s DDoS attacks is lulling not only financial institutions but organizations across every sector into a false sense of security,” said Marty Meyer, president of Corero Network Security, the company that commissioned the Ponemon study.

“Many Organizations assume traditional firewalls can provide protection against DDoS and zero-Day exploits at the perimeter, yet this is not what they were designed to do and therefore attacks are still getting through.”

Advertisement. Scroll to continue reading.

Written By

Click to comment

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.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


Expert Insights

Related Content

Security Infrastructure

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

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

XDR's fully loaded value to threat detection, investigation and response will only be realized when it is viewed as an architecture


Identity and access governance vendor Saviynt has closed a $205 million financing round.

Cloud Security

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


Security orchestration, automation and response (SOAR) provider Swimlane on Monday announced the launch of a security automation solution ecosystem for operational technology (OT) environments.

Identity & Access

The National Security Agency (NSA) has published a series of recommendations on how to properly configure IP Security (IPsec) Virtual Private Networks (VPNs).