Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Is Your Bank Safe from a Terror Cyber Attack?

Details

  • Description

    FBN's Liz MacDonald weighs in on cyber attacks on U.S. banks.

  • Duration 1:41
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Well -- US -- withstand a terrorist cyber attack that question top -- -- after Bank of America suffered a denial of service attack yesterday -- recent days with the he's here with that you -- Bottom line that's right according to intelligence sources close of the matter.

It's still unclear whether terror group had anything do with the cyber attack and Bank of America but it came as the FBI director has been warning that cyber criminals are increasing their cyber attacks.

On US banks of all sizes with US banks targeted -- today.

Mostly from cyber hackers in Eastern Europe.

And the way it works is hackers -- in via spam -- Phishing emails then they steal bank employee log in credentials and then consumer money.

Up to a million bucks in some instances -- -- hackers masquerade as bank administrators signing off on wire transfers out of customer accounts to cover their tracks.

A lot of the hackers then launched a massive denial of service action against the bank's website as a distraction to stop banks from catching their fake wire transfers.

But things do tell Fox Business they have beefed up their fire walls.

However the FBI has already warned that cyber crimes was a major threat -- United States and we got the latest him from Bank of America at a time Fox Business that are online banking.

Related systems remain safe and secure.

And a vast majority of customers did not experience any issues debit yesterday although the slowdown it does -- began in the morning this is basically related to the amateur film.

Allegedly mocking not the profit up Mohamed and the mideast terror group who put put a posting up.

Taking responsibility again intelligence that's sources telling Fox Business they cannot confirm that either way.

But this is an issue they are sitting on top affected us all right thanks very much those that McDonnell.

And shares of.

Load More