Tuesday, 18 December 2012
Islamic jihackers – coming soon to a bank near you

From the Telegraph blogs

While our fumbling politicians and toothless regulators aren't having much success at dealing with out-of-control, too-big-to fail-banks, it seems that online cyber-jihadis are having some success in damaging them.

Last week, a group calling itself the "Izz ad-Din al-Qassam Cyber Fighters" (named for an islamic militant killed by British Troops in Palestine in the 1930s) issued a warning on Pastebin that it would target US banks, in protest over YouTube not removing the film The Innocence of Muslims. Since then, they've made good on their threat. Institutions including Bank of America, PNC Financial Services Group, and SunTrust have seen large-scale denial of service attacks on their websites, which successfully brought down online banking services this week.

While many of the critical systems aren't online, and thus vulnerable to typical hacktivist tricks, it's all too easy to imagine a dedicated hacker taking a job within a bank IT department and wreaking havoc.

It's a clear and present danger. I hope banks have a response plan in place, but the evidence of American banks' vulnerability suggests that they don't. Might be best to keep some cash under the mattress, just in case.

Posted on 12/18/2012 3:41 AM by Esmerelda Weatherwax
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