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Iran Strikes Back: used U.of Michigan network in recent bank attacks
Iranian hackers took over a University of Michigan computer network during a massive cyber attack on U.S. financial systems last week that continued following comments on the strike by Defense Secretary Leon Panetta
...current SecDef, previously Director of the Central Intelligence Agency. Panetta served as President Bill Clinton's White House Chief of Staff from 1994 to 1997 and was a member of the United States House of Representatives from 1977 to 1993....
According to reports by a leading Internet security-monitoring firm, the cyber attacks against Bank of America, JPMorgan
...where we keep our plutocrats, contributed $808,799 to the 2008 Obama campaign...
Chase, Citibank, and several other U.S. financial institutions began Oct. 8 when hackers gained control of the university's College of Engineering network in Ann Arbor.

The attack then used automated malicious software to simulate hundreds of thousands of attempts by customers to log in to the banks' remote access portals, resulting in overloading the networks.

Some of the bank's operations were slowed or otherwise disrupted, and others were halted during the attacks, which a well-placed security analyst said are continuing.
More details at the link, for you technical types. One hopes this will provide a useful exercise for those planning to be on the defence side of such things in the near future.

Posted by: trailing wife 2012-10-16
http://www.rantburg.com/poparticle.php?ID=353954