Cyber Attacks

This weeks cyber attack on JPMorgan Chase and at least four other financial institutions highlights the ongoing nature of cybercrime. The nation’s largest bank said it had not seen unusual fraud activity but officials briefed on the attack said there had been multiple, very sophisticated, intrusions.

A federal law enforcement official who was not authorized to comment publicly noted that law enforcement officials believe the attacks were carried out by Russian hackers. It’s unknown whether the Russian government played a role.