JP Morgan

Big Banks Spending Big Bucks to Fight Cyber Crime

The biggest banks in the U.S. are responding to the cyber crime epidemic by beefing up their cybersecurity programs to defend the financial industry. It is no secret that cyber criminals are winning. It is estimated that cyber attacks cost businesses as much as $400 billion a year, which includes direct damage plus post-attack disruption to the…

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JP Morgan: Hackers stole contact data for 76 million households

More details are emerging about the cyber security breach at JP Morgan. According to the Wall Street Journal about 76 million households, an amount equivalent to two-thirds of American households, were affected by a cybersecurity attack on the bank this summer in one of the most sweeping disclosed breaches of a financial institution. Seven million small business were also affected.…

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JP Morgan Hacked

Even financial giants like JP Morgan are falling victim to cyber attacks. According to the New York Times, hackers gained entry to dozens of the bank’s servers over a period of two months. This potentially gave the hackers a window into how the bank’s individual computers work. Hackers were able to review information about a million customer accounts…

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