In a statement posted on the website pastebin.com on Feb. 26, the group said it targeted more than 11 banks for new assaults including Bank of America and PNC.
Obama’s Edict
The U.S. Securities and Exchange Commission told companies in October 2011 they should disclose real or potential cyber attacks capable of disrupting business operations or financial stability and should address the threat if a network breach is “reasonably likely” to have a material effect.
Obama’s executive order includes parts of Senate legislation that failed to pass last year. Republicans and the U.S. Chamber of Commerce, the nation’s largest business lobby, said the bill’s standards would amount to burdensome regulation.
The Obama administration soon will submit priorities for cyber security legislation to Congress to build on his executive order, said Caitlin Hayden, a White House spokeswoman.
“Although this executive order will help raise the nation’s cyber defenses, it does not obviate the urgent need for legislation,” Hayden said last week via e-mail. She didn’t specify the priorities or the timeframe for sending them to Congress.