Should banks expect cyberattacks from Iran?

By Penny Crosman for American Banker
Wednesday, January 8, 2020

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Some security experts have warned that Iranian hackers may go after U.S. targets, including financial services companies, in retaliation for the U.S. government's assassination of the Iranian military leader Qassem Soleimani.

Ilia Kolochenko, founder and CEO of the web security company ImmuniWeb, does not expect an immediate threat to U.S. banks, but for a different reason: Iranian hackers, he said, have already broken into all the U.S. companies they consider targets.

“I think in the near future we will not observe major cyberattacks triggered by the military operation in question,” said Kolochenko, who was a former penetration tester and information-technology security expert at several financial institutions.

“Enemies of the U.S. have already silently breached what they could, stealing valuable information including intelligence data, intellectual property and trade secrets," he said. "The majority of sophisticated ... threats have already happened. Regrettably, their complexity often makes them undetectable and uninvestigable. Today the attackers are unlikely to expose their invisible presence in compromised and back-doored systems by inflicting highly destructive actions.” Read Full Article