Did Malware Take the Banks Down?

Did Malware Take the Banks Down?
Did Malware Take the Banks Down? 

By Tracy Kitten
Managing Editor
Bank Info Security
November 10, 2010

Malware is likely to blame for the so-called "computer glitch" that over 
the weekend took down a handful of the country's largest banks' ATMs and 
online banking sites.

The nation's three largest banks and a handful of others were derailed 
over the weekend when their ATM and online banking channels were taken 
down. All of the institutions affected -- Bank of America, Chase, U.S. 
Bank, Wells Fargo, Compass, USAA, Suntrust, Chase, Fairwinds Credit 
Union, American Express, BB&T on the East Coast and PNC -- are blaming 
the outage on a computer glitch related to the time-zone change.

But Julie McNelley, a senior analyst at Aite Group LLC who covers 
banking and payments fraud, says there is likely a great deal more going 
on behind the scenes. In fact, she suspects the weekend outage is 
related to a widespread malware attack. "It has all the hallmarks of 
that, based on the geographic spread of it, the targeted systems and the 
banks in question," she says.


Tegatai Managed Colocation: Four Provider Blended
Tier-1 Bandwidth, Fortinet Universal Threat Management,
Natural Disaster Avoidance, Always-On Power Delivery 
Network, Cisco Switches, SAS 70 Type II Datacenter. 
Find peace of mind, Defend your Critical Infrastructure. 

Site design & layout copyright © 1986-2015 CodeGods