Cyberattack on JPMorgan Chase Mirrors the Vulnerability of System in American Banks

Cyberattack on JPMorgan Chase Mirrors the Vulnerability of System in American Ba

One of the largest banks of the U. S recently announced that it faced a data breach which exposed information of millions of its customers. JPMorgan Chase has been a part of one of the biggest ever data breaches in the history of the US.

The bank has been a victim of a massive cyber-attack that compromised accounts related to 76 million households giving out valuable information to the thieves. However, it was not only the personal accounts that suffered the brunt but small businesses also faced the impact significantly. That makes the numbers rise after adding another 7 million small businesses to the list.

The initial speculations suggested that it was a minor breach but later things were discovered to be different, in an otherwise thought to be a safe year for the company. Earlier the attack was thought to have affected only a million accounts and it took place sometime around 2014 June and July. This week a huge number of affected accounts were revealed in a regulatory filing by the bank.

The names of customers, their addresses, phone numbers, credit card information, email addresses, mortgage information and likely more information was stolen. However till now nothing has happened to suggest that the stolen data is being used for any wrong purposes.

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