Report: Besides JPMorgan, hackers attacked at least nine other financial firms

(Image credit: Andrew Burton/Getty Images)

last updated 8 January 2015

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."

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Sarah Eberspacher is an associate editor at TheWeek.com. She has previously worked as a sports reporter at The Livingston County Daily Press & Argus and The Arizona Republic. She graduated from Northwestern University's Medill School of Journalism.

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