FBI probes hacking theft at Citigroup—WSJ

citigroup-hacked

The Wall Street Journal reported on Tuesday that hackers believed to be linked to a Russian cyber gang may have stolen tens of millions of dollars from Citigroup Inc.

The Federal Bureau of Investigation is investigating the case, but it was unclear whether the hackers gained access to the bank’s systems directly or through third parties.

Citing anonymous government officials, the paper reported that the attack took aim at Citigroup’s Citibank subsidiary, which includes its North American retail bank and other businesses. However, the financial institution is denying that the breach ever occurred.

“We had no breach of the system and there were no losses, no customer losses, no bank losses,” Joe Petro, managing director of Citigroup’s security and investigative services, told the Journal. “Any allegation that the FBI is working a case at Citigroup involving tens of millions of losses is just not true.”

The report comes amid news that President Barack Obama appointed Howard Schmidt, a former eBay and Microsoft executive, as the government’s cyber security coordinator.