Banks Fall to Cyber Attacks

    NEW YORK, NY - JULY 13:  The headquarters of JPMorgan Chase bank rises over Park Avenue in midtown Manhattan on July 13, 2012 in New York City. The bank, which reported its second-quarter results on Friday, disclosed that the losses on a credit bet could mount to more than $7 billion, as the nation’s largest bank indicated that traders may have intentionally tried to conceal the extent of the loss. JPMorgan also said Friday that it would be forced to restate its first-quarter results.  (Photo by John Moore/Getty Images)

    John Moore

    The hackers win again. A group out of the Middle East is showcasing the vulnerability of America’s biggest banks by overloading their systems and leaving many customers unable to log into their accounts. The group—who consider themselves “cyber fighters”—warned the likes of Wells Fargo, Bank of America and JPMorgan Chase of their intentions beforehand, but the banks were still unable to stop the attacks. On Tuesday, the hacking group announced that they will not stop the attacks until the anti-Muslim video that sparked riots earlier this month is removed from American websites. Investigators say the attacks are very large, but unsophisticated, leaving customers’ personal information uncompromised .

    Read it at The Los Angeles Times