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 December 2014
Christmas, hope for humanity:
That the birth of the Redeemer may bring peace and hope to all people of good will.
Parents: That parents may be true evangelizers, passing on to their children the precious gift of faith.



Comments


More Business & Economics

OPEC's bust is America's boom! Why cheap oil is a friend to America Watch

Image of Falling oil prices have caused a great deal of pain among OPEC countries, but the group won't cut production until three months after oil drops below $40 a barrel.

By Matt Waterson (NEWS CONSORTIUM)

The price of a barrel of oil continues to plunge, bringing with it an economic boon to motorists and headaches and potential layoffs to oil producers in the U.S. and around the world. LOS ANGELES, CA (Catholic Online) - Currently the price of a barrel of oil is ... continue reading


Is OPEC over and done with? Bank of America makes startling predictions Watch

Image of OPEC is

By Catholic Online (NEWS CONSORTIUM)

According to Bank of America, the OPEC oil cartel no longer exists in any meaningful sense. Furthermore, crude prices will drop to $50 a barrel over the coming months. This might mean relief at the pump - but this isn't necessarily a good thing, officials warn. ... continue reading


Sears no longer where America shops: 235 stores to close shortly Watch

Image of Analysts called the move a step in the right direction for the company, which has been tapping into its real estate in creative ways to compensate for downward-spiraling sales.

By Troy Dredge, Catholic Online

Few retailers are as American as Sears, one of its former and most popular taglines being "Where America Shops." That's no longer the case, as Wal-Mart has long seized that throne. It was a heavy heart that Sears announced that 235 under-performing stores would ... continue reading


36-year-low: Labor participation in the U.S. lowest since 1978 Watch

Image of The year 1978 was marked by the non-ironic use of disco music by Americans who blasted it on the radio to shake their groove things.

By Troy Dredge, Catholic Online

The year 1978 was marked by the non-ironic use of disco music by Americans who blasted it on the radio to shake their groove things. Another, far less nostalgic reminder of the year has been offered up by the Bureau of Labor Statistics: The labor force ... continue reading


Reflects very badly on U.S.: China is now world's largest economy Watch

Image of How did this happen? As recently as 2000, we produced nearly three times as much as the Chinese.

By Troy Dredge, Catholic Online

In the great car rental war that was between Hertz and Avis back in the 1960s, Avis took pride in the fact that they were behind Hertz with the saying: "We're Number Two - so we try harder!" It seems like the United States didn't try hard enough, as for the ... continue reading


Falling oil prices have helped the U.S. economy and revitalized the spending power of the American consumer Watch

Image of The continuing decline in the price of crude oil has brought numerous benefits to the American consumer and the U.S. economy.

By Catholic Online (NEWS CONSORTIUM)

The recent plummet of oil prices have drained hundreds of billions of dollars from oil-rich exporters and oil companies but has injected a critically needed boost to the faltering economies in Europe and parts of Asia, but more directly to the American consumer, ... continue reading


Internet retail giant Amazon switches to a ROBOT workforce of thousands Watch

Image of Before anyone accuses Amazon of laying off human workers in order to facilitate automation, it must be noted that the company is opening more shipping centers and hiring 80,000 seasonal workers.

By Catholic Online (NEWS CONSORTIUM)

Internet retail giant Amazon.com Inc. is handling "Cyber Monday" - the online shopping rush that usually occurs on the Monday following the Thanksgiving weekend - all in stride. Anticipating a new influx of customers, Amazon has upgraded and expanded its ... continue reading


Is Apple about to hit $1 trillion? Not if Google has anything to say about it Watch

Image of While Apple dominates the smartphone market, some suspect that its heavy reliance on products will lead to its downfall to companies who offer more services and software.

By Catholic Online (NEWS CONSORTIUM)

Silicon Valley tech giant Apple may one day be worth more than a trillion. Just for a second think about how massive that is. LOS ANGELES, CA (Catholic Online) - The maker of mac computers, iPods, iPhones and more is already worth more than $670 billion, and has a $260 ... continue reading


Feet on the desk - more and more Americans simply don't want to work anymore Watch

Image of Pew Research says that 39 percent of 16 to 24-year-olds don't want to work, up a substantial amount from 29 percent in 2000.

By Catholic Online (NEWS CONSORTIUM)

Nearly four in 10 Americans, or 92 million, are not in the labor force. Many are unemployed for no fault of their own. Many others have simply stopped looking for work. Why? The reasons are complex. LOS ANGELES, CA (Catholic Online) - The largest group of people ... continue reading


REAL INCOME INEQUITY: 85 richest people now have as much money as poorest 3.5 billion Watch

Image of Billionaire investor Warren Buffett remarked more than three years ago that

By Catholic Online (NEWS CONSORTIUM)

The very rich and the very poor just grew further apart. According to Oxfam, the broadening chasm between wealth and poverty has grown so wide that the 85 richest billionaires on the planet, such as Carlos Slim, Bill Gates and Mark Zuckerberg now have as much ... 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, Judges 13:2-7, 24-25
2 There was a man of Zorah of the tribe of Dan, ... Read More

Psalm, Psalms 71:3-4, 5-6, 16-17
3 Be a sheltering rock for me, always accessible; you ... Read More

Gospel, Luke 1:5-25
5 In the days of King Herod of Judaea there lived a ... Read More

Saint of the Day

Saint of the Day for December 19th, 2014 Image

St. Nemesius
December 19: Martyr of Egypt. He was burned alive in Alexandria, Egypt, ... 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