The hackers who orchestrated the massive cyberattacks on JPMorgan Chase this summer appeared to target far more than just consumer data, sparking concern among government and industry officials of whether the ultimate aim was to disrupt Wall Street itself, The Washington Post says.
With the right level of access into the networks of key Wall Street firms, hackers could disrupt the financial markets, according to consumer advocates.
"Also troubling is that about nine other financial institutions — a number that has not been previously reported — were also infiltrated by the same group of overseas hackers," The New York Times reported over the weekend.
The hackers are thought to be operating from Russia and appear to have at least loose connections to officials of the Russian government, the Times said.
Several financial regulators have warned that a coordinated attack on the banking system could trigger another financial crisis, the Times said.
As you know, one of the reasons I write this blog is to alert you to possible threats and to anything you can do to protect yourself and your family.
If you come across more information on this, please send it to me.