The U.S. Federal Reserve has confirmed that hackers associated with Anonymous have breached its IT networks. The group accessed a Fed database and published usernames and passwords (hashed and salted), as well as contact information for 4,000 bankers.
The Wall Street Journal’s Victoria McGrane reported, “The Federal Reserve acknowledged Tuesday night that it had suffered a cybersecurity breach, making it the latest government victim of hackers. ‘The Federal Reserve System is aware that information was obtained by exploiting a temporary vulnerability in a website vendor product,’ a spokeswoman from the Federal Reserve Bank of Richmond said in an emailed statement. ‘The exposure was fixed shortly after discovery and is no longer an issue. This incident did not affect critical operations of the Federal Reserve System.'”
The Register’s John Leyden added, “The breach allowed hacktivist ragtag collective Anonymous to post the names, email addresses, mobile phone numbers and login credentials (password hashes and IDs) of what it said were 4,000 senior US banking executives. The attack and subsequent leak was carried out as part of an ongoing campaign, dubbed Operation Last Resort, calling for reform of the justice system following the suicide of RSS and Reddit co-creator and activist Aaron Swartz. Swartz had been the target of a controversially aggressive federal cybercrime prosecution after he broke into MIT servers in an effort to liberate academic papers onto the internet.”
Alister Bull and Jim Finkle with Reuters noted, “The Fed declined to identify which website had been hacked. But information that it provided to bankers indicated that the site, which was not public, was a contact database for banks to use during a natural disaster. A copy of the message sent by the Fed to members of its Emergency Communication System (ECS), which was obtained by Reuters, warned that mailing address, business phone, mobile phone, business email, and fax numbers had been published. ‘Some registrants also included optional information consisting of home phone and personal email. Despite claims to the contrary, passwords were not compromised,’ the Fed said.”
ZDNet’s Violet Blue spoke with security expert Jon Waldman about the incident. He said, As an information security expert, it’s my official position that there was a blatant and irresponsible lack of tact and urgency in the response by the Federal Reserve to the individuals and institutions contained in this list. I’d go as far as to say they have irrevocably LIED to their constituents here. Granted, there’s no immediate threat of funds-transfer or additional data loss, but there’s certainly an imminent danger here to each and every one of those accounts that have been exposed…. Both the institutions and the individuals contained in this list WILL be specific targets of Social Engineering and hacking attacks.”
Huawei’s AI Update: Things Are Moving Faster Than We Think
FEATURE | By Rob Enderle,
December 04, 2020
Keeping Machine Learning Algorithms Honest in the ‘Ethics-First’ Era
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 18, 2020
Key Trends in Chatbots and RPA
FEATURE | By Guest Author,
November 10, 2020
FEATURE | By Samuel Greengard,
November 05, 2020
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 02, 2020
How Intel’s Work With Autonomous Cars Could Redefine General Purpose AI
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 29, 2020
Dell Technologies World: Weaving Together Human And Machine Interaction For AI And Robotics
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 23, 2020
The Super Moderator, or How IBM Project Debater Could Save Social Media
FEATURE | By Rob Enderle,
October 16, 2020
FEATURE | By Cynthia Harvey,
October 07, 2020
ARTIFICIAL INTELLIGENCE | By Guest Author,
October 05, 2020
CIOs Discuss the Promise of AI and Data Science
FEATURE | By Guest Author,
September 25, 2020
Microsoft Is Building An AI Product That Could Predict The Future
FEATURE | By Rob Enderle,
September 25, 2020
Top 10 Machine Learning Companies 2020
FEATURE | By Cynthia Harvey,
September 22, 2020
NVIDIA and ARM: Massively Changing The AI Landscape
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
September 18, 2020
Continuous Intelligence: Expert Discussion [Video and Podcast]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 14, 2020
Artificial Intelligence: Governance and Ethics [Video]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 13, 2020
IBM Watson At The US Open: Showcasing The Power Of A Mature Enterprise-Class AI
FEATURE | By Rob Enderle,
September 11, 2020
Artificial Intelligence: Perception vs. Reality
FEATURE | By James Maguire,
September 09, 2020
Anticipating The Coming Wave Of AI Enhanced PCs
FEATURE | By Rob Enderle,
September 05, 2020
The Critical Nature Of IBM’s NLP (Natural Language Processing) Effort
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
August 14, 2020
Datamation is the leading industry resource for B2B data professionals and technology buyers. Datamation's focus is on providing insight into the latest trends and innovation in AI, data security, big data, and more, along with in-depth product recommendations and comparisons. More than 1.7M users gain insight and guidance from Datamation every year.
Advertise with TechnologyAdvice on Datamation and our other data and technology-focused platforms.
Advertise with Us
Property of TechnologyAdvice.
© 2025 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this
site are from companies from which TechnologyAdvice receives
compensation. This compensation may impact how and where products
appear on this site including, for example, the order in which
they appear. TechnologyAdvice does not include all companies
or all types of products available in the marketplace.