Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/4/2013 (1 year ago)

Catholic Online (www.catholic.org)

U.S. companies are chief targets in global cyber conflict

The chart above shows the availability of major U.S. bank In an alarming demonstration of growing cyber-attacks on the world stage, U.S. banks have been particularly hard-hit by cyber attacks over the past six weeks. Major U.S. bank web sites have been offline a total of 249 hours in the past six weeks. Experts say that the heavier-than-usual outages are the result of a sustained attack that began seven months ago. The unavailability of these Web sites leads to great frustration among customers and the banks.

None think that the group might be the work of attention-seeking teen-aged hackers, as they would likely have grown bored, or run out of resources, long ago.

None think that the group might be the work of attention-seeking teen-aged hackers, as they would likely have grown bored, or run out of resources, long ago.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

4/4/2013 (1 year ago)

Published in Business & Economics

Keywords: Cyber attacks, bank Web sites, Izz ad-Din al-Qassam Cyber Fighters


LOS ANGELES, CA (Catholic Online) - "Literally, these banks are just in war rooms, sitting at controls trying to stop (the attacks)," bank security analyst with Gartner Group Avivah Litan says. "The frightening thing is (the attackers) are not using as much resources as they have on call. The attacks could be bigger."

In short order, Bank of America, Wells Fargo, PNC and a number of other banks suffered hours-long Web site outages.

Calling itself "Izz ad-Din al-Qassam Cyber Fighters," a group released an anonymous statement saying it was attacking banks in sympathy with real-world protestors reacting to the anti-Islam film. "Innocence of Muslims" that had been posted online.

The group is still taunting the U.S. financial system, with notice almost daily from another bank that had to apologize for letting down its customers. American Express and Wells Fargo issued statements last week saying they suffered outages.

The biggest financial institutions in the world can't seem to stop them, even with advance notice.

None think that the group might be the work of attention-seeking teen-aged hackers, as they would likely have grown bored, or run out of resources, long ago.

National security officials said last fall that they suspected the Iranian government was behind the attacks. It seems certain that an organized group, with both a political motive and the ability to fund the operation, is to blame.

Web sites go offline for a variety of reasons, such as late-night software upgrades, for example - and some outages are to be expected, Aaron Rudger, a Keynote spokesman said.

These outages during a six-week period, which ended March 31 is significant, indicating those bank Web sites were unavailable for about two percent of the time during that stretch. The same six weeks last year, the same bank Web sites were down 140 hours.

Senior technologist at Internet infrastructure company Neustar, Rodney Joffe gave chilling advice to banks preparing for an al Qassam-style attack last fall: Prepare a sincere-sounding apology, he said.

"It goes on and on and on ... It's like they are kicking sand in someone's face, reminding people that they are there," Joffe says. "You just have to ask yourself, 'Why?' (The attackers) just seem to enjoy being able to say 'On an ongoing basis, we can make life uncomfortable for your banking industry.'"

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for August 2014
Refugees:
That refugees, forced by violence to abandon their homes, may find a generous welcome and the protection of their rights.
Oceania: That Christians in Oceania may joyfully announce the faith to all the people of that region.



Comments


More Business & Economics

Here comes a boom! $7 trillion in untapped funds to flood global market Watch

Image of A report suggests that corporations and equity firms hold nearly $7 trillion in cash reserves that could bolster the world's economy.

By Catholic Online (NEWS CONSORTIUM)

A new boost to the global economic recovery may happen soon, as corporate giants and private equity firms prepare to tap into cash reserves of $7 trillion, stored since the current financial crisis began back in 2008. LOS ANGELES, CA (Catholic Online) - Investors ... continue reading


OBAMA PARTIES AS ROME BURNS: U.S. wages down by 23 percent - while president takes a vacation Watch

Image of The timing of Obama's swank vacation has even the president's supporters worried.

By Catholic Online (NEWS CONSORTIUM)

Lots of negative news to go around - Ebola seems to be spreading worldwide, Islamic State is increasing its stranglehold on Iraq, a much beloved comedian and screen actor is found dead at home, an apparent suicide - U.S. President Barack Obama is in Martha's ... continue reading


Religious orders NEED to understand economics Watch

Image of A letter from two high-ranking Catholic officials requests that religious orders gain a better understanding of finance and economics.

By Catholic Online (NEWS CONSORTIUM)

In a letter addressed to members of religious communities, Vatican officials requested that these groups should not be ignorant of economic realities connected to community life and a mission of serving the world in the name of the Church. LOS ANGELES, CA ... continue reading


THANKS, BARACK! Federal debt up $7 TRILLION under your watch. Watch

Image of By the close of business on July 31, 2014, it had risen to $17,687,136,723,410.59, up $7,060,259,674,497.51 since Obama first inauguration day.

By Catholic Online (NEWS CONSORTIUM)

Thanks, Barack! The total federal debt of the U.S. government has increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president. That's more than the debt increased under all U.S. presidents from George ... continue reading


Live Catholic - Shop Catholic - Guess who now accepts checks?

Image of Catholic Shopping .com now accepts checks via Dwolla!

By Catholic Online (NEWS CONSORTIUM)

Guess who now accepts checks? Catholic Shopping .com does! This new option now makes it easier for you to control how you pay for the things you like. LOS ANGELES, CA (Catholic Online) - Catholic Shopping .com is now accepting checks via the online processor, Dwolla. ... continue reading


Unemployment in the U.S. - never went away! Many still without work Watch

Image of The number of Americans not in the labor force dropped only slightly in July, down 119,000 from the 92,120,000 Americans not in the labor force in June.

By Catholic Online (NEWS CONSORTIUM)

It may have fallen off the radar of many news outlets - but joblessness is still a BIG problem here in the United States. Since President Obama took office in January 2009, 11.4 million Americans 16 years and older have left the workforce, according to data ... continue reading


INDEBTEDNESS: One in three U.S. adults have 'debt in collections' Watch

Image of One in three American adults are so far behind in personal debt that many of their accounts have been referred to collections.

By Catholic Online (NEWS CONSORTIUM)

Some call it the American way, and it's become a most uncomfortable fact of life for many Americans. Personal debt is at an all-time high, and at least one in three Americans, 77 million people, have had their debt referred to collection agencies as a result. ... continue reading


LUMP OF COAL - LITERALLY! Coal companies pushed to brink of insolvency by Obama policies Watch

Image of The very fuel that fed the Industrial Revolution and powered U.S. growth for much of the past century, the coal industry finds itself on the brink of insolvency, with many companies going out of business.

By Catholic Online (NEWS CONSORTIUM)

Dealing with cheap natural gas and tighter regulation, the U.S. coal industry has fallen on hard times. The very fuel that fed the Industrial Revolution and powered U.S. growth for much of the past century, the coal industry finds itself on the brink of ... continue reading


The poor getting power in U.S. - typical household is now worth a third less Watch

Image of The old saw goes that when only a few people are winning and more than half the population is losing, surely something is amiss.

By Catholic Online (NEWS CONSORTIUM)

The rich get richer - and the poor have children. But seriously, folks, the poor is getting even poorer in the United States. Recovery from the last big recession in 2007, hasn't really taken off as of yet. Recent studies show that the average American ... continue reading


HAIL BRITANIA! Britain declared fastest growing economy in developed world Watch

Image of Britain is now

By CNA/EWTN News

There will always be an England, as the old song goes. While the United Kingdom has experienced highs and lows, it's always recovered - and prospered. This was born out by the recent news that Britain will be the best performing major economy in the developed ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Ezekiel 43:1-7
1 He took me to the gate, the one facing ... Read More

Psalm, Psalms 85:9-10, 11-12, 13-14
9 His saving help is near for those who fear him, his ... Read More

Gospel, Matthew 23:1-12
1 Then addressing the crowds and his disciples Jesus ... Read More

Saint of the Day

Saint of the Day for August 23rd, 2014 Image

St. Philip Benizi
August 23: Servite cardinal and preacher. Born in Florence, Italy, to a ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter