Terrorists may target financial sites

Article

Terrorists may target financial sites

The U.S. government warned American private financial services Thursday of an al-Qaida call for a cyberattack against online stock trading and banking Web sites beginning on Friday, the Reuters news agency reported.

The Islamic militant group wants to "penetrate and destroy the databases of the U.S. financial sites," Reuters said, citing an unnamed source familiar with the warning. The Department of Homeland Security confirmed an alert was sent out but that there's no reason to believe the threat is credible.

The U.S. Computer Emergency Readiness Team (US-CERT) issued a "situational awareness report to industry stakeholders," Homeland Security spokesman Russ Knocke told Reuters. The threat calls for attacks to begin Friday and run through December in retaliation for the United States keeping terrorism suspects at the Guantanamo Bay naval base in Cuba.

"Denial of service is what it called for," said a Homeland Security official who spoke to Reuters on condition of anonymity.

New York Republican Rep. Peter King, chairman of the House of Representatives Committee on Homeland Security, told Reuters the report was "nothing to panic over, but it will be looked at very carefully."

Robert Albertson, chief investment strategist at Sandler O'Neill & Partners in New York, told the news agency that it's unlikely al Qaeda members could do serious harm to financial Web sites.

"I'm not saying there aren't precautions to be taken, but I just can't fathom how there

    Requires Free Membership to View

    SearchSecurity.com members gain immediate and unlimited access to breaking industry news, virus alerts, new hacker threats, highly focused security newsletters, and more -- all at no cost. Join me on SearchSecurity.com today!

    Michael S. Mimoso, Editorial Director

    By submitting your registration information to SearchSecurity.com you agree to receive email communications from TechTarget and TechTarget partners. We encourage you to read our Privacy Policy which contains important disclosures about how we collect and use your registration and other information. If you reside outside of the United States, by submitting this registration information you consent to having your personal data transferred to and processed in the United States. Your use of SearchSecurity.com is governed by our Terms of Use. You may contact us at webmaster@TechTarget.com.

would be serious havoc," he said.

Brian Jenkins, a terrorism expert with the RAND Corp., told Reuters that such threats were not unusual.

"There is a regular stream of Jihadist exhortations to attack various targets," he said. "Financial organizations stay at a fairly high level of readiness anyway because of regular assaults."

A government source said regulators were being briefed on the warning.