For several days, Bank of America’s systems had problems. The problems – primarily denial of service disruptions – hit their web site and reportedly their mobile banking services.
For BofA, the nation’s largest bank based on assets, this was not the first issue or attack they experienced in the past year. Nor in fact, was BofA the only U.S. financial institution that has been experiencing what appears to be a series of directed cyber attacks. JPMorgan Chase and Citigroup also are reported to have been struck by similar related aggressive cyber activities, beginning last year. Keep reading →