JPMorgan Chase revealed on Thursday that more than 80 million accounts had been hit in a massive cyberattack earlier this summer, but on Friday, officials said at least nine other financial institutions were also hacked by the same group.
Government and industry officials believe the group of hackers may have some connection to the Russian government and may be working from that country, but their actual motives remain unclear. One senior official told The New York Times that the attacks may have been "in retaliation for the sanctions" placed on Russia earlier this summer, "but it could be mixed motives — to steal if they can, or to sell whatever information they could glean."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
How will Wall Street react to the Trump-Powell showdown?Today's Big Question 'Market turmoil' seems likely
-
Google ruled a monopoly over ad tech dominanceSpeed Read Attorney General Pam Bondi hailed the ruling as a 'landmark victory in the ongoing fight to stop Google from monopolizing the digital public square'
-
El Salvador's CECOT prison becomes Washington's go-to destinationIN THE SPOTLIGHT Republicans and Democrats alike are clamoring for access to the Trump administration's extrajudicial deportation camp — for very different reasons
-
Kenya arrests alleged ant smugglersspeed read Two young Belgians have been charged for attempting to smuggle ants out of the country to exotic pet buyers
-
Judge ends Eric Adams case, Trump leverageSpeed Read Federal corruption charges against New York City Mayor Eric Adams were dismissed, as requested by Trump's Justice Department
-
Texas arrests midwife on felony abortion chargesSpeed Read Maria Margarita Rojas and an employee at one of her clinics are the first to be criminally charged under Texas' near-total abortion ban
-
South Carolina to execute prisoner by firing squadspeed read Death row inmate Brad Sigmon prefers the squad over the electric chair or lethal injection, his lawyer said
-
North Korea may have just pulled off the world's biggest heistUnder the Radar Hermit kingdom increasingly targets vulnerable cryptocurrency, using cybercrime to boost battered economy and fund weapons programmes
-
Mexico extradites 29 cartel figures amid US tariff threatSpeed Read The extradited suspects include Rafael Caro Quintero, long sought after killing a US narcotics agent
-
Leonard Peltier released from prisonSpeed Read The Native American activist convicted of killing two FBI agents had his life sentence commuted by former President Joe Biden
-
Ex-Sen. Bob Menendez sentenced to 11 yearsSpeed Read The former New Jersey senator was convicted on federal bribery and corruption charges last year
