Obama Had Security Fears on JPMorgan Data Breach

[InfoSec News <alerts () infosecnews org>]

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

By MICHAEL CORKERY, JESSICA SILVER-GREENBERG and DAVID E. SANGER
The New York Times
OCTOBER 8, 2014

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

But in the JPMorgan case, according to administration officials familiar 
with the briefings, who would not speak on the record about intelligence 
matters, 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 discovered, the source 
is still unclear and there is no evidence any money was taken from any 
institution.

But questions are being asked across Wall Street as other targets emerge. 
The F.B.I., after being contacted by JPMorgan, took the I.P. addresses the 
hackers were believed to have used to breach JPMorgan’s system to other 
financial institutions, including Deutsche Bank and Bank of America, these 
people said. The purpose: to see whether the same intruders had tried to 
hack into their systems as well. The banks are also sharing information 
among themselves.

[...]

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