"Considerably more serious"
by Tom Sullivan
JPMorgan Chase got its computers hacked this summer, compromising personal information from 76 million households. Like oil spills, the size of these breaches always seems to grow after the early low-ball estimates from company spokes-flacks. And nobody seems to have a statement from current chairman, president, and chief executive officer of JPMorgan Chase, Jamie Dimon. The NY Times reports:
Operating overseas, the hackers gained access to the names, addresses, phone numbers and emails of JPMorgan account holders. In its regulatory filing on Thursday, JPMorgan said that there was no evidence that account information, including passwords or Social Security numbers, had been taken. The bank also noted that there was no evidence of fraud involving the use of customer information.
Whew, that's reassuring. Probably just some Matthew Broderick-style Russian kids wanting a sneak peak at Dimon's newest release of Global Financial Meltdown. Heaven help us if they were real cyber criminals.
Noting that the attack may have begun when hackers breached the computer of a bank employee, the Guardian recounts other recent cyber attacks:
In September, Home Depot confirmed its payment systems were breached in an attack that some estimated impacted 56 million payment cards. Last year’s attack on Target impacted 40 million payment cards and compromised the personal details of some 70 million people.
But the Guardian describes the JPMorgan hack as "considerably more serious." In addition to the size of the leak, banks hold much more sensitive personal information than retailers.
In his annual shareholder letter, Dimon wrote of cyber security, “We’re making good progress on these and other efforts, but cyberattacks are growing every day in strength and velocity across the globe.”
If those kids want to play Global Financial Meltdown that badly, they can probably get funding from Americans for Prosperity.