Jamie Dimon, the chief executive of JPMorgan Chase, made his first public comments about the cyberattack on the bank, referring to the summer breach a “big deal” and calling for help from the government in dealing with these kinds of issues, the New York Times DealBook blog reported on Friday. Dimon emphasized that the financial industry and banks on Wall Street needed to keep working together to prevent other such occurrences. JPMorgan, he said, was spending $250 million a year on the issue — a sum likely to double in four to five years. He also pointed out that JPMorgan was not the only bank to have this problem. “This is going to be a big deal and there will be a lot of battles,” he said. “We need a lot of help.”
http://dealbook.nytimes.com/2014/10/10/dimon-calls-for-help-on-cyberatt…
For more on cybersecurity, do not miss former White House CIO Theresa Payton’s keynote at ABI’s Winter Leadership Conference. Register today!
http://www.abiworld.org/WLC14