Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The recent cyber attacks on a number of big U.S. banks were the work of hackers with access to sophisticated tools, Reuters reports. Security researchers describe the episodes as some of the “strongest and most complex” cyber attacks seen to date and say the hackers probably spent months sussing out the banks’ defensives.

The attacks directed unusually high volumes of traffic to the banks’ Websites, which slowed the sites and made it hard for bank customers to access them. Such “denial of service” attacks often involve the use of botnets – compromised computers that can be rented. Researchers say this time the botnets were made up of compromised Web servers, rather than personal computers, making them more powerful.

Treasury and Risk

Treasury and Risk Staff Writers

More from this author


Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2022 ALM Global, LLC. All Rights Reserved.