JPMorgan Discovers Further Cyber Security Issues
For the second time in roughly three months, JPMorgan Chase is scrambling to contain the fallout from a security breach of its vast computer network, according to several people with knowledge of the investigation.
The nation's largest bank found that hackers, with links to Italy, had gained entry to some of the bank's servers, these people said. The breach, which was recently discovered, follows another attack that was uncovered in late July. In that attack, hackers obtained entry to dozens of the bank's servers and reviewed information on more than one million customer accounts, the people said.
It is unclear whether the second breach is tied to the first, but the double attacks-occurring in quick succession- illustrates the challenges for JPMorgan as the bank tries to secure all its systems against another threat.
The original hack sent ripples through the financial system and prompted an investigation by the Federal Bureau of Investigation as Wall Street, which has been a frequent target for hackers in recent years, worked to guard against the threats.
The bank was also forced to update its regulators including the Federal Reserve on the extent of the breach. The bank said at the time that there was no indication that any customer money was taken and that it believed it had secured all its systems.
On Thursday, the bank's top executives, including Gordon A. Smith who heads JPMorgan's community and consumer banking, were working to assess the extent of the latest attack, according to two bank executives.
A spokesperson for JPMorgan was not immediately available for comment.
Over two months, hackers gained entry to dozens of the bank's servers, said three people with knowledge of the bank's investigation into the episode.
Post a Comment for "JPMorgan Discovers Further Cyber Security Issues"