The Financial Services Information Sharing and Analysis Center warned banks to be on heightened alert after Bank of America and JPMorgan Chase experienced unexplained outages of public-facing websites on Wednesday. The warning cited "recent credible intelligence" as the justification for raising the threat level similar to that of the Department for Homeland Security scale from "elevated" to "high."
JPMorgan Chase spokesman Patrick Linehan said that the bank was "experiencing intermittent issues with Chase.com. We apologize for any inconvenience and are working to restore full connectivity."
Bank of America spokesman Mark Pipitone reported no continuing problems on Wednesday after seeing issues on Tuesday. "Our online banking services have been, and are, up and running. The vast majority of our customers have not experienced any issues."
Electronista spoke with an official at Verizon who confirmed some aspects of the report: "we're seeing attack-related traffic across portions of our network related to financial services." The official declined to provide specific information on the volume or source of the attacks.
An individual claiming to belong to the "cyber fighters of Izz ad-din Al qassam" posted a message on pastebin.com that said the group would attack Bank of America and the New York Stock Exchange in the opening shots of a campaign against the financial assets of "American-Zionist Capitalists." It is unclear if the threat is the "credible source" referred to by the financial industry security group, or if this particular threat had anything to do with the internet connectivity issues at either of the two banks.
LAURA KNIGHT-JADCZYK AND JOE QUINN
Since the 9/11 attacks, no book has provided a satisfactory answer as to WHY the attacks occurred and who was ultimately responsible for carrying them out - until now.
JPMorgan Chase seems to be experiancing more than intermittent issues with Chase.com.
JPM sued for "Grand Theft Derivatives" in Lehman Case.
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JPM is being sued for stealing $230 million and 'filing false and inflated claims' in a $2.6 billion derivatives battle with Lehman.
In addition to trading with Lehman, J.P. Morgan served as Lehman's clearing bank, providing cash advances of up to $100 billion a day to Lehman to facilitate overnight repurchase, or repo, agreements, a major element supporting the so-called shadow banking system. It held the collateral that Lehman pledged to secure the loans in the triparty repurchase agreements.
That role has resulted in J.P. Morgan being one of Lehman's key adversaries in numerous disputes surrounding the investment bank's demise as well as one of the largest creditors of the bankrupt holding company and its subsidiaries.
JPMorgan faced money laundering probe.
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JPMorgan Chase & Co’s compliance with U.S. anti-money laundering laws is being reviewed by a banking regulator, a source said, making the largest U.S. bank the latest target of a wide investigation of how banks prevent transactions involving drug money and sanctioned countries.
The Office of the Comptroller of the Currency, an independent branch within the Treasury Department, is examining JPMorgan’s systems that are designed to monitor and filter such transactions, said the source, who is familiar with the situation.
The exact scope of the inquiry and the size of potential liabilities for the bank could not be learned.
JPMorgan spokesman Joseph Evangelisti declined to comment on Saturday.