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link : Banks Look Nervously At One Of The Biggest Cyber Hacks In U.S. History
Banks Look Nervously At One Of The Biggest Cyber Hacks In U.S. History
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(Bloomberg) -- Bank executives have said for years that their worst nightmare is a successful cyberattack against the industry. Now they’re watching one unfold across government agencies in what could be one of the biggest hacks in U.S. history.
So far, no evidence has emerged that Wall Street was a victim of the attack, which also hit Microsoft Corp.’s systems. Still, experts say it will take many months, at a minimum, to determine the extent of the infiltration, a stark reminder of the risk that hangs over an industry that’s spent billions to bolster its defenses in recent years.
“Based on what we have seen as of today, there has not been specific focus against the financial sector, nor have we seen reports indicating negative impact amongst our members,” the Financial Services Information Sharing and Analysis Center, a network of financial firms sharing information about cyber threats, said in an emailed statement.
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WNU Editor: The nightmare situation is what happens if the banks shut down because of a major data breach. A shut down that may last for days or weeks (or longer).
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