Computers for hire said to send JPMorgan data to Russia

Bloomberg Washington
Last Updated : Sep 05 2014 | 1:10 AM IST
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

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."

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Sep 05 2014 | 12:07 AM IST

Next Story