Hackers Target Citigroup Japan

The world’s largest financial services network has been attacked by the hackers in Japan. Some hackers stole personal information of 92,048 Citigroup Inc. Japan credit card customers according to a report. Citi said that customer account numbers, names, addresses, personal identification numbers and card security numbers were stolen.

This is not the first time that Citigroup has suffered from Data Theft. According to a Citi disclosure in June, hackers stole nearly $2.7 million from its North American customers. Citi covered customer losses by paying $2.7 million to the affected customers.

According to some security experts, who are familiar with the matter, this attack was done by a third party vendor who had access to Citi’s internal systems. This means that there is a chance that perpetrators might have got some inside help.

Citi has started contacting all the affected customers and is advising them to change their security codes. But will this advice from the world’s largest financial services provider enough?

Citibank is one of the major banks of the world and is a consumer banking venture of financial services giant Citigroup. Till now Citi has not provided any details about the security breach or how the perpetrators managed to access its internal systems.

It seems that Citi indeed was “sleeping” when the information of customers was being stolen.

Photo Courtesy of SimonQ錫濛譙
Photo Courtesy of brendangates

Advertisements

The Biggest Hack Ever Discovered

The Security Experts at McAfee have discovered the biggest cyber attack in the history which has infiltrated the networks of the United Nations, various governments and many multinational companies.

McAfee’s security experts who uncovered this attack believed a “specific country” was behind these attacks. Though they didn’t take any name, but hinted that Chinese hackers and possibly Chinese Government was behind these attacks.

This attack was not done over night rather it was a 5 year long operation code named “Operation Shady Rat”. McAfee came to know about these attacks in March when it was reviewing the contents of one of its servers.

Governments of United States, India, Taiwan, South Korea, Vietnam and Canada were some of the targets. Some of the International agencies like Southeast Asian Nations (ASEAN), the International Olympic Committee (IOC), the World Anti-Doping Agency were also targeted. Big tech giants were also targeted but their names and information were not disclosed.

Our take on this news is that if China is behind these attacks, it is acting like a coward who just wants to bully other nations and sometimes its own people. China should not forget that the countries that it targeted were one of the biggest contributors in its GDP.

What do you guys think about these attacks? Are these attacks an act of cowardice or is it an ugly display of power?

Photo Courtesy of KrAzY KorY
Photo Courtesy of Peter Fuchs