US banks may have conducted “revenge hacks” against Iran

Many of us were taught that revenge is never the solution, but apparently nobody told US banks that. According to sources for Bloomberg, financial institutions in the United States are currently being investigated by the FBI to determine whether or not they conducted “revenge hacks” against Iran in response to the nation’s alleged hacks on banks in the US.

The hacked are itching to hack back. So say a dozen security specialists and former law-enforcement officials, who described an intensifying and largely unspoken sense of unease inside many companies after the recent breach of Sony Corp. (6758)’s networks. U.S. officials have shown little appetite to intervene as banks, retailers, casinos, power companies and manufacturers have been targeted by foreign-based hackers. Private-sector companies doing business in the U.S. have few clear options for striking back on their own. That has led a growing number of companies to push the limits of existing law to consider ways to break into hackers’ networks to retrieve stolen data or even knock computers offline to stop attacks, the cybersecurity professionals said in interviews.