Posted by Giancarlo Barrera.
First it was Target, Home Depot, and now, JPMorgan Chase. They are the next victim under cyber attack. Chase is the biggest bank by assets in the US. They are also the dominate bank in New York City, where the majority of banks’ cooperate headquarters are located . “JPMorgan Chase has 65.8 million open credit card accounts, and 31.8 million of those accounts with sales activity, according to its most recent quarterly report. Chase also has 30.1 million checking accounts.” According to what the FBI has been investigating, names, addresses, phone numbers, and emails were taken, but no passwords and social security numbers
It was reported that the hackers did not receive any money from this cyberattack. “The bank’s Chairman and Chief Executive Officer Jamie Dimon said that the company will spend $250 million this year on cybersecurity, but has been losing security employees to other banks with more “expected to leave soon.”
Giancarlo is a finance major at Montclair State University, Class of 2016.