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Friday, September 30, 2011

Has Bank of America Been Hacked over New Debit Card Fee?

Posted By on Fri, Sep 30, 2011 at 12:55 PM

click to enlarge Breaking the bank - MONEYBLOGNEWZ VIA FLICKR
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  • Breaking the bank

In yet another possible sign that hacking is the most popular pastime among antisocial American youth since Magic: The Gathering, the Bank of America website is experiencing technical difficulties that some are speculating could be part of a reprisal for its announcement of a new fee on debit-card users.

B of A announced the $5 monthly fee for customers who make debit-card purchases yesterday, prompting a storm of criticism for what Gawker memorably dubbed a "negative interest rate."

Today, the bank's home page is "temporarily unavailable," according to the message that greets visitors landing on the page.

A BofA spokesperson told the Associated Press that the problems are "not the result of hacking," and no hacker group has claimed responsibility for an attack on the site.

The timing of the difficulties inevitably raises questions, however; anyone following the news over the past month has become accustomed to cyber-attacks on organizations that run afoul of the hacking group Anonymous -- whether the organization be BART or the news site Talking Points Memo. We'll have to stay tuned to see whether similar web vigilantism is at work here.

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Peter Jamison


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