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White House Monitored JPMorgan Breach With Alarm

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Wed, 08 Oct 14 11:43 PM | 68 view(s)
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White House Monitored JPMorgan Breach With Alarm

WASHINGTON — President Obama and his top national security advisers began receiving periodic briefings on the huge cyberattack at JPMorgan Chase and nine other financial institutions this summer, part of a new effort to keep top national security officials as updated on major cyberattacks as they are on Russian incursions into Ukraine or Islamic State attacks.

But in the JPMorgan case, according to officials familiar with the briefings, no one could tell the president what he most wanted to know: What was the motive of the attack? “The question kept coming back, ‘Is this plain old theft, or is Putin retaliating?’ one senior official said, referring to the American-led sanctions on Russia. “And the answer was: We don’t know for sure.’’

More than three months after the first attacks were found, the source is still unclear and there is no evidence that any money was taken from any institution.

But questions are being asked across Wall Street as other targets emerge. At least three companies — Citigroup, E*Trade Financial and HSBC — found that one of the same web addresses used to penetrate JPMorgan had tried to get into their systems, people briefed on the matter say.

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http://dealbook.nytimes.com/2014/10/08/cyberattack-on-jpmorgan-raises-alarms-at-white-house-and-on-wall-street/?emc=edit_na_20141008




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