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May 23, 2013 -- Updated December 12, 2012 00:12 HKT

Cyber Terrorists stalk US banks


paul@livetradingnews.com
Posted on: Dec 12th, 2012

Cyber Terrorists stalk US banks

USB, JPM, STI, BAC, PNC

Developing Big Story: A group claiming to be aligned with Islamic terrorism that launched a massive attack against US bank websites a several weeks ago has threatened another round, set to start this week.

The Izz ad-Din al-Qassam Cyber Fighters posted on a popular message board late Monday, saying it will target the websites of J.P. Morgan Chase NYSE:JPM, Bank of America NYSE:BAC, U.S. Bancorp NYSE:USB, PNC Financial Services NYSE:PNC and SunTrust Banks NYSE:STI.
In September and October, al-Qassam launched widespread denial-of-service attacks against a number of banks, including the ones listed above.

DDoS attacks function by slamming Web servers will a flood of requests, with the goal of rendering them completely inaccessible or slowing access down to a crawl. Security experts and the banks said at the time customer data were not at risk.

The specific methodology al-Qassam plans on using this time around remains unclear.

In the last round of attacks the perpetrators created a so-called “botnet” of compromised Web servers that it used to carry out the attack. The Web servers, the experts said, provided more horsepower than the personal computers because of their higher-level access to Internet infrastructure and less limiting bandwidth restrictions.

The individuals behind al-Qassam have yet to be ID’d, the name is a reference to the armed wing of Hamas.

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 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

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