[ISN] Did Malware Take the Banks Down?

From: InfoSec News <alerts_at_private>
Date: Fri, 12 Nov 2010 02:28:17 -0600 (CST)

By Tracy Kitten
Managing Editor
Bank Info Security
November 10, 2010

Malware is likely to blame for the so-called "computer glitch" that over 
the weekend took down a handful of the country's largest banks' ATMs and 
online banking sites.

The nation's three largest banks and a handful of others were derailed 
over the weekend when their ATM and online banking channels were taken 
down. All of the institutions affected -- Bank of America, Chase, U.S. 
Bank, Wells Fargo, Compass, USAA, Suntrust, Chase, Fairwinds Credit 
Union, American Express, BB&T on the East Coast and PNC -- are blaming 
the outage on a computer glitch related to the time-zone change.

But Julie McNelley, a senior analyst at Aite Group LLC who covers 
banking and payments fraud, says there is likely a great deal more going 
on behind the scenes. In fact, she suspects the weekend outage is 
related to a widespread malware attack. "It has all the hallmarks of 
that, based on the geographic spread of it, the targeted systems and the 
banks in question," she says.


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Received on Fri Nov 12 2010 - 00:28:17 PST

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