JP Morgan Hacking Part Of A New Cold War?
The recent JP Morgan Chase hacking episode that affected over 80 million accounts belonging to individuals and businesses is distressing enough on its own, but could it be part of a new "Cyber Cold War"? The Russian hackers may have at least loose ties to the Soviet government, according to a NYTimes article.
The breadth of the attacks — and the lack of clarity about whether it was an effort to steal from accounts or to demonstrate that the hackers could penetrate even the best-protected American financial institutions — has left Washington intelligence officials and policy makers far more concerned than they have let on publicly. Some American officials speculate that the breach was intended to send a message to Wall Street and the United States about the vulnerability of the digital network of one of the world’s most important banking institutions.
NYTimes“It could be in retaliation for the sanctions” placed on Russia, one senior official briefed on the intelligence said. “But it could be mixed motives — to steal if they can, or to sell whatever information they could glean.”