Wednesday, 9 January 2013
Iran Suspected in Bank Site Hacking
Morning Business Memo…
Recent hits on dozens of online banking sites may be the work of government-backed hackers in Iran, according to US security officials. Since last September hackers have cause slowdowns and other disruptions to widely used banking sites. Citigroup, Wells Fargo, Capital One, HSBC and Bank of America are among the sites that were hit. Consumers who tried to use these sites have faced delays and even shutdowns. According to the New York Times, "the skill required to carry out attacks on this scale has convinced United States government officials and security researchers that they are the work of Iran, most likely in retaliation for economic sanctions and online attacks by the United States."
Three new reports have positive findings about US economic growth. Americans stepped up their borrowing in November. The Federal Reserve says consumer credit rose 7 percent compared to the year before. According to the Census Bureau Americans are moving more after
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