FBI Investigating if Russians Responsible for JPMorgan Chase Hacking

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securityA handful of US banks—including the country’s largest, JPMorgan Chase & Co.—were hacked in a series of coordinated attacks carried out mid-August of this year, according to reports citing sources familiar with the matter.

Retaliation?

According to a report from Bloomberg, which cites two unnamed sources, JPMorgan Chase and at least one other bank were victimized by Russian hackers during a series of network infiltrations in Mid-August, and the Federal Bureau of Investigation (FBI) is currently investigating if these attacks were in retaliation for US-government sponsored sanctions against the Eurasian country.

The hacking resulted in the loss of sensitive, confidential data from the banks. Authorities are currently investigating whether this hacking is related to recent infiltrations of major European banks, one source was cited as saying.

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‘We Deal with Hackers Everyday’

In a statement, JPMorgan Chase, said, “Companies of our size unfortunately experience cyber-attacks nearly every day. We have multiple layers of defense to counteract any threats and constantly monitor fraud levels.”