Linkedin Share
Politics

Russian Hacker Target Major US Financial Institution

Linkedin Share

It is rather likely that our definition of “war” is changing before our very eyes in this first quarter of the 21st century, with the traditional imagery of tanks and bombs and guns being replaced with drones, computers, and satellites.

We can look at the Russian invasion of Ukraine, for example, as a number of clandestine, pseudo-state actors continue to execute dangerous and damaging cyber attacks against those who have come to Ukraine’s aid.

The latest attempted hack was one of the boldest yet, targeting one of America’s most powerful economic institutions.

The U.S. Treasury last month repelled cyber attacks by a pro-Russian hacker group, preventing disruption and confirming the effectiveness of the department’s stronger approach to financial system cybersecurity, a U.S. Treasury official said on Tuesday.

The Treasury has attributed the distributed denial of service (DDoS) attacks to Killnet, the Russian hacker group that claimed responsibility for disrupting the websites of several U.S. states and airports in October, said Todd Conklin, cybersecurity counselor to Deputy Treasury Secretary Wally Adeyemo.

Trending:
Massive Migrant Caravan Marches Toward US with LGBT Flags Flying as Mexican President Snubs Biden at Summit

The incident, not previously reported, occurred a couple of days before similar attacks from Killnet on U.S. financial services firms, Conklin told a financial services industry and regulator conference on cybersecurity.

The attack wasn’t much to worry about, according to US experts.

Conklin described the attack on the Treasury as “pretty low-level DDoS activity targeting Treasury’s critical infrastructure nodes.”

In line with new procedures adopted under the Biden administration, he said the Treasury quickly shared internet protocol (IP) addresses used in the attack with financial services firms.

“It confirmed that we’re on the right track with how we’re trying to actually share tactical information with the sector in real time with the mind that we are interconnected and face the same threat actors,” Conklin said, adding that this information includes downgraded intelligence and details on adversaries.

Killnet had previously targeted JPMorgan Chase & Co., but the major US bank suggested that no systems were actually compromised.

Submit a Correction →



Linkedin Share
About the Author:
As a lifelong advocate for the dream promised us in the Constitution, Andrew West has spent his years authoring lush prose editorial dirges regarding America's fall from grace and her path back to prosperity. When West isn't railing against the offensive whims of the mainstream media or the ideological cruelty that is so rampant in the US, he spends his time seeking adventurous new food and fermented beverages, with the occasional round of golf peppered in.




Conversation