JPMorgan, the largest bank in the United States, was hacked over the summer. Earlier this year we saw reports that a hack had potentially occurred and the perpetrators were Russian, and back in August the bank made a statement that it was cooperating with law enforcement officials over the suspected incident, which happened in July.
Just a few days ago, it was revealed that a hack had actually occurred. The damage? 76 million households and 7 million small businesses had their information stolen during the breach.
Interestingly, this comes during a string of other attacks targeting other banking organizations in the United States, and after the attacks on Target and Home Depot.
While JPMorgan states that no financial data has been obtained by the hackers, the user contact information compromised included names, addresses, phone numbers, email addresses and internal customer data. There’s no evidence, however, that account numbers, passwords, user IDs, dates of birth or Social Security numbers were compromised. Further, there has been no fraud seen related to the breach, and JPMorgan has said that customers are not liable for any fraudulent charge.
Even without any direct banking information being compromised, JPMorgan fears that the hackers will come back with a wave of spear phishing attempts and seeks to push awareness of such an attempt – along with other methods – to the forefront of customer minds.
A JPMorgan official says: “Customers of all banks should be more worried about identity theft, that someone in Eastern Europe or Russia or elsewhere steals your identity to get a credit card to say, buy a car or any other item.”
This person notes that “JPMorgan along with all other banks has teams of workers specifically monitoring both customer credit and debit card accounts to detect and stop fake charges as well as cyber hacking activity.”
Thankfully they, along with the FBI, are working on the case. They had better be.