JPMorgan Data Breach Traced Back To Russia, Which Calls Claim ‘Nonsense’

Credit: Reuters/Eduardo Munoz

Weeks after JPMorgan Chase & Co. (NYSE:JPM) discovered a major data breach in its systems, investigators have found clues that show the hackers used a global network of computers available for hire to reroute the stolen data from the bank to a large Russian city.

Using a computer network staging ground, called a “bulletproof” hosting stage platform, because of its fortress-like security to keep out law enforcement agencies and other cybercriminals, the hackers took over computer systems around the world, from South America to Asia, sending commands and hiding their identity to break into one of the most heavily guarded financial networks on Wall Street, the Bloomberg report said.

Professional cybercriminals operating out of Eastern Europe, with the help of a group of computers used in previous attacks, are now targeting banks, the report said, adding the FBI and the National Security Agency, or NSA, are among those trying to investigate the origin of the attack on JPMorgan. However, a bank spokeswoman reportedly said that fraud levels at the bank had not been elevated.

James Lewis, at the Center for Strategic and International Studies in Washington, told Bloomberg that similar operations have been carried out by the now defunct-Russian Business Network, or RBN, which is said to be run by powerful individuals who are reportedly protected by Russian authorities.

“It’s like the mafia,” Lewis reportedly said. “If this is RBN version 2.0 or even 3.0, then the U.S. government will be very concerned because it’s been a real pest before.”

However, not all of the investigators hired by the bank to investigate the fraud are fully convinced Russia could be behind..

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