The massive cyberattack on this nation’s largest back appears to have been orchestrated by Russian hackers and it was much broader and bolder than initially reported, with nine other financial institutions hit by the same crew, according to media reports.
JPMorgan Chase on Thursday revealed the depth of the attack on its servers, which caused a breach on personal data from 76 million households and 7 million small businesses.
The New York Times reports Saturday that Russian hackers appear to be behind the massive hit on Chase that compromised the 83 million accounts, although Chase claims no fraud on financial accounts has been detected.
The Times’ report also says that nine other financial institutions were hit by the same crew of cyberthieves. The Times bases its report on unidentified sources.
The article also states that the hackers may have at least loose ties to Russian government officials. Of course, such a connection raises serious questions about the cyberthieves’ motivations, and whether the attack was political.
There is some speculation the cyber attacks could be retaliation over sanctions imposed on Russia because of that nation’s actions in the Ukraine.
When the Chase hacking was first revealed, several media outlets reported that federal investigators were looking to see if state-sponsored Russian hackers were behind the attacks on the banks. The results of that investigation are not yet known.
The identities of the nine other financial institutions targeted by the hackers were not immediately identified.