Compliance

10:32 AM
Connect Directly
Facebook
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

FBI Investigates $10 million Citigroup Hack

It is not yet known whether thieves gained access to Citibank's systems directly or through third parties, according to the Wall Street Journal.

The FBI is probing a computer-security breach targeting Citigroup that resulted in the theft of tens of millions of dollars by hackers who seem to be linked to a Russian cyber gang, according to government officials.

The attack took aim at Citigroup's Citibank subsidiary, which includes its North American retail bank and other businesses, the Wall Street Journal reported. It couldn't be learned whether the thieves gained access to Citibank's systems directly or through third parties, the paper said.

The FBI and the National Security Agency, along with the Department of Homeland Security and Citigroup, swapped information to counter the attack, according to a person familiar with the case. Press offices of the federal agencies declined to comment.

The cyber attack on Citibank was believed to have taken place last summer but U.S. investigators suspect the attack could have taken place a year earlier, the paper said. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - July 2014
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
Video
Stressed Out by Compliance, Reputational Damage & Fines?
Stressed Out by Compliance, Reputational Damage & Fines?
Financial services executives are living in a "regulatory pressure cooker." Here's how executives are preparing for the new compliance requirements.