View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
October 19, 2012

Ally Financial hit by cyber attack

The attacks were in response to a video uploaded in YouTube attacking the Prophet Muhammad

By CBR Staff Writer

US based Ally Financial became the latest bank to face cyber attack launched by a group calling itself Cyber fighters of Izz ad-din Al qassam.

A spokeswoman for Ally Financial was quoted by Reuters as saying that the bank was investigating the unusual traffic on its website.

The group said that the attacks were in response to a video uploaded in Google’s YouTube attacking the Prophet Muhammad and offending some Muslims.

Apart from Ally, several other US banks including Capital One Financial, BB&T and HSBC Bank USA have faced cyber attacks recently.

Network security firm Radware vice president Carl Herberger was quoted by Bloomberg as saying that the banks’ websites have been disrupted with so-called denial of service attacks, some of which originated in Iran and Russia.

Recently, US defence secretary Leon Panetta had warned that the country could face a ‘cyber-Pearl Harbor’ and had drafted new rules which would enable military to move quickly to thwart any such attacks.

Earlier this month, security researchers found that the websites of major US banks, which faced repeated online banking disturbances, were hacked using advanced and diverse tools that hints at a coordinated campaign.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

In September this year, Iran has rejected reports by the US officials claiming its involvement in hacking into several US banks that include Bank of America, New York Stock Exchange, Citigroup, JP Morgan Chase, Wells Fargo over the past year as part of their broad cyber operation.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU