American Banks Undamaged by Cyberattacks

Bank of America, JPMorgan Chase, Citigroup, U.S. Bancorp and PNC have been hit by a wave of cyberattacks that have caused Internet blackouts and delays on online banking sites.The banks have been targeted with distributed denial of service or DDoS attacks, in which hackers barrage a Web site with traffic, causing it to slow or collapse under the load. Such attacks, while a nuisance, are not technically sophisticated and typically do not affect a company’s computer network — or, in this case, funds or customers’ bank accounts.

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