Officials warn 500 million financial records hacked

October 21, 2014 – 5:58 PM

Federal officials warned companies Monday that hackers have stolen more than 500 million financial records over the past 12 months, essentially breaking into banks without ever entering a building.

“We’re in a day when a person can commit about 15,000 bank robberies sitting in their basement,” said Robert Anderson, executive assistant director of the FBI’s Criminal Cyber Response and Services Branch.

The U.S. financial sector is one of the most targeted in the world, FBI and Secret Service officials told business leaders at a cybersecurity event organized by the Financial Services Roundtable. The event came in the wake of mass hacking attacks against Target, Home Depot, JPMorgan Chase and other financial institutions.

“You’re going to be hacked,” Joseph Demarest, assistant director of the FBI’s cyberdivision, told the business leaders. “Have a plan.”


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