Russian hackers hit JPMorgan

FBI is investigating the incident as a possible retaliation for US sanctions against Russia

JPMorgan Chase & Co. (JPM) and at least one other bank were attacked by Russian hackers in mid-August and FBI is investigating the incident as a possible retaliation for sanctions imposed by the US Government against Russia, due to the country’s actions in Ukraine. The hackers infiltrated the financial institutions’ systems and stole gigabytes of valuable data.

According to anonymous sources who spoke to Bloomberg agency, the authorities are investigating whether the recent infiltrations of major European banks using a similar vulnerability are also linked to the attack.

“Companies of our size unfortunately experience cyberattacks nearly every day,” said Patricia Wexler, a JPMorgan spokeswoman. “We have multiple layers of defense to counteract any threats and constantly monitor fraud levels.”