A cyberattack this summer on JPMorgan Chase compromised the accounts of 76 million households and seven million small businesses, a tally that dwarfs previous estimates by the bank and puts the intrusion among the largest ever, the New York Times DealBook blog reported yesterday. Last year, the information of 40 million cardholders and 70 million others were compromised at Target, while an attack at Home Depot in September affected 56 million cards. But unlike retailers, JPMorgan, as the largest bank in the nation, has financial information in its computer systems that goes beyond customers’ credit card details and potentially includes more sensitive data. Until just a few weeks ago, executives at JPMorgan said that they believed that only one million accounts were affected. As the severity of the intrusion — which began in June but was not discovered until July — became more clear in recent days, bank executives scrambled for the second time in three months to contain the fallout and to reassure customers that no money had been taken and that their financial information remained secure.
http://dealbook.nytimes.com/2014/10/02/jpmorgan-discovers-further-cyber…
To hear more on the latest breaches and further analysis of cybersecurity issues, attend ABI’s Winter Leadership Conference on Dec. 4-6 to hear Fortalice CEO Theresa Payton, former Chief Information Officer of the White House, provide her keynote, "Privacy in the Age of Big Data." The early bird rate on WLC expires tomorrow, so register today and save!
http://www.abiworld.org/WLC14/