US banks fear Russian hackers’ vengeance for extra sanctions

Monday, April 28, 2014
By Paul Martin
28 April 2014

US authorities and security experts are warning that Russian hackers may retaliate against new sanctions planned by the US and EU by attacking the computer networks of US banks and other companies, all the more so since Russian hackers previously attacked US servers more than once.

As Bloomberg reports, the group responsible for the White House review of the effects of further sanctions on Russia didn’t respond to questions about whether the study explores the risk of cyber-counterattacks. Sources state, however, that the study involves revisiting previous classified exercises in which small numbers of computer experts showcased high level of expertise and knowledge, enough to cripple the US economy in a few days.
Cybersecurity specialists put Russian hackers in the top of world’s best at infiltrating networks, spreading malicious software.

“A cyber-attack is a real concern that we all need to have,” head of the technology policy division of the Washington-based Citigroup Inc. and Bank of America Corp. Paul Smocer said. “Nation states’ ability to launch cyber-attacks is certainly real nowadays, and so in any conflict, I think that the possibility exists as we worry about escalation.”

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