Senator blames Iran for attacks against US banks

US Senator Joe Lieberman blamed Iran for the attacks against US banks last Friday, with thoughts that Iran did so out of revenge for the Stuxnet case. The victims of last week’s attacks included Bank of America and JPMorgan Chase. Although not attacked, speculation is that CitiGroup has been a target over the past year. All of these denial of service campaigns seemed to have begun in late 2011.

In C-SPAN’s taping of “Newsmakers,” Lieberman labeled the recent DDoS attacks against the banks a “powerful example of our vulnerability”.

Now, from the perspective of Lieberman, it makes sense to make such claims. When we reported in June about a potential US and Israeli connection for malwares like Flame and Stuxnet, labeled “Operation Olympic Games”, we saw the counterattack that continued cyberwarfare between Iran and the US (as well as other countries). This could be just one of possibly many counterattacks from Iran, and it’s going to be quite dangerous to companies that are vulnerable to cyberattack.

Cyberattacks will continue with DDoS and other hacks, and it could target almost any major organization around the world. The main idea is to craft the correct cybersecurity strategies, and be aware of any attack vectors (like if there are too many people trying to hack in to the networks). It’s important to learn from issues like this, and be able to adapt the latest strategies for businesses. Which means: If you don’t have a director for information security at your major company, it’s about time to get one and soon!

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About Jay Pfoutz

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