Monday, August 10, 2015

JiminNH — Complete Media Fail in Blaming Russia for Last Year's US Bank Hacks

The Wall Street Journal, Bloomberg, the Daily Telegraph - they all piled on, trumpeting the news fed to them by the FBI and NSA that the Russians were behind it - suggesting it was a pseudo military attack in connection to war tensions over Ukraine.
Now the perpetrators have been caught. Turns out they have no connection to Russia.…
Flash forward a year, and you will find reports that emerged on July 21, 2015 that four people were arrested for the JPMorgan and other bank cyber attacks of August, 2014, with a fifth suspect remaining at large. Unsurprisingly, those arrested were not “Russian state sponsored hackers.” Also unsurprisingly, very few of the reports included any reporting that informed the reader that the JPMorgan hack was initially, and incorrectly, blamed on Russia.
The MSM reports detailed how the four suspects, two Israeli citizens as well as US citizens Joshua Aaron and Anthony Murgio, were charged with using the hacked data in a “complex securities fraud scheme”, as reported by Fortune, where the data was used for a “pump-and-dump” stock fraud, using bulk emails and pre-planned trading to pump up the targeted stocks for their own personal benefit. USA Today, among others, reported that the scheme also included an “illegal bitcoin operation.”
Perusing the reporting of the titans of western MSM, from Bloomberg to Fortune to Reuters to USA Today to CNBC, it is difficult to find any reporting on the arrest that point out that blame for the subject cyber attacks was initially placed upon a “resurgent” Russia
Not quite complete media fail, since some reported the correction.

Russia Insider
Complete Media Fail in Blaming Russia for Last Year's US Bank Hacks
JiminNH, The Vineyard of the Saker)

1 comment:

Matt Franko said...

This is good reporting (finally) from these Saker people.