The cyber attacks against U.S. banks last month were more widespread than reported, industry experts say. Though JPMorgan Chase and BB&T were the first big banks to confirm denial-of-service attacks, roughly a half-dozen institutions endured digital assaults around the same time, according to Radware, a security firm that has investigated cyber intrusions on behalf of financial firms.

The initial attacks "were the largest attacks we've seen to date in scale," Carl Herberger, a vice president of security solutions at Radware, told American Banker, a sister publication to Bank Investment Consultant. "The one that was advertised to the world was Chase, but I can tell you that almost on an hourly basis banks were being attacked, which is a very substantial campaign."

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access