We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,258 News Articles

Iran denies launching cyberattacks on U.S. banks

Iran is being accused of launching cyberattacks against U.S.-based banks that include Bank of America, JPMorgan Chase and Citigroup, an accusation that yesterday was firmly rejected by the head of Iran's Civil Defense Organization.

Over the weekend, a Reuters article, based on unnamed sources, made the claim that Iranian hackers have struck the three large banks mainly through denial-of-service (DoS) attacks targeting the banks' websites and corporate networks. According to the Reuters article, the attacks originated in Iran over the past year, and it's not known whether they are state-sponsored, groups working on behalf of the government or something else unrelated. NBC News also carried a report to that effect.

IN THE NEWS: Mass riots erupt in Foxconn factory in China

Yesterday, The Fars News Agency in Iran, in its English version, rejected the "western media reports," and included a statement from the head of Iran's Civil Defense Organization, Gholam Reza Jalali, saying, "Iran has not hacked the U.S. banks."

Jalali is quoted as saying that "these reports are aimed at demonizing Iran in cyberspace to portray the country as a global threat to cyber security and justify the U.S. and Israeli cyber attacks on Iran."

That reference was apparently made to the cyberweapon Stuxnet, the malware that is now known to have been developed by the U.S. and Israel and was used under direct command of President Obama to attack Iran in a covert action at an Iranian facility to try and stop what's widely suspected to be Iran's effort to develop a nuclear weapon.

Ellen Messmer is senior editor at Network World, an IDG publication and website, where she covers news and technology trends related to information security. Twitter: @MessmerE. Email: [email protected]

Read more about wide area network in Network World's Wide Area Network section.


IDG UK Sites

Windows 9 release date, price, features: Videos leak as Microsoft sets 30 September unveiling

IDG UK Sites

Why local multiplayer gaming is rapidly vanishing: we look at the demise of split-screen and LAN...

IDG UK Sites

IBC 2014 news: video post, CG and VFX news from Adobe, Blackmagic, Eyeon and more

IDG UK Sites

Retina MacBook Air release date rumours and specs: Gold 12in Retina MacBook Air almost 1cm thinner...