JPMorgan Chase & Co's own investigators have found clues that a global network of computers available for hire by sophisticated criminals was used to reroute data stolen from the bank to a major Russian city, according to people familiar with the probe.
Like street magicians using sleight of hand, the hackers tapped computers from Latin America to Asia to send commands and obscure their identity while ferrying malicious traffic past one of the most heavily guarded networks on Wall Street.
Bank investigators working nearly around the clock have identified what they believe to be the assault's staging ground, called a "bulletproof" hosting platform because of its resilience to other attackers and to law enforcement, according to one of the people, who requested anonymity because of the continuing investigation. The constellation of computers was used in previous hacking attacks and is now being tapped by professional cybercriminals operating out of Eastern Europe to target banks.
The bank's investigators are only part of a larger group in the US that includes the Federal Bureau of Investigation and the National Security Agency trying to trace the origin of the computer assault. The success of the attack on JPMorgan and another this week on Home Depot Inc and even the theft of nude photos from celebrities' online Apple Inc accounts highlight how hard it is to defend against increasingly sophisticated criminals.
Cybercrime operations similar to the one identified by JPMorgan investigators, notably a now-defunct one known as the Russian Business Network, have been run by powerful figures and protected by Russian authorities, said James Lewis, a senior fellow at the Center for Strategic and International Studies in Washington.
"It's like the mafia," Lewis said. "If this is RBN version 2.0 or even 3.0, then the US government will be very concerned because it's been a real pest before."
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)