Hackers attack J P Morgan Chase

[Lee B]

EW YORK (AP) — The FBI is investigating a hacking attack on JPMorgan Chase and at least one other bank, according to reports citing unnamed sources familiar with the matter.

 

A report on Bloomberg.com says the FBI is investigating an incident in which Russian hackers may have retaliated against U.S. government-sponsored sanctions against the country. The attack, Bloomberg says, led to the loss of sensitive data. Bloomberg cited security experts saying that the attack appeared "far beyond the capability of ordinary criminal hackers."

 

In a statement, JPMorgan spokeswoman Trish Wexler said companies "of our size unfortunately experience cyber attacks nearly every day. We have multiple, layers of defense to counteract any threats and constantly monitor fraud levels." Wexler did not confirm the reports.

 

The FBI did not immediately respond to messages for comment

[Lee B]

Here are several quotes from today's followup news:

 

"The New York Times, citing people familiar with the matter, said JPMorgan Chase and at least four other firms were hit this month by coordinated attacks that siphoned off huge amounts of data, including checking and savings account information"

 

"The Wall Street Journal cited unnamed sources in a report that called the attacks a "significant breach of corporate computer security."

[taxxcpa]

Maybe I need to move most of my cash out of JPM.  I get about 60¢ per month interest on my checking account.  If i transfer it into my brokerage account, it would cut my interest income to about 20¢ for the same cash amount.

[ILLMAS]

Thanks, I was waiting for someone to post this.

[Jack from Ohio]

This would be a giant pain, but anyone with a deposit account with JPMorgan/Chase should get all new accounts with new numbers. This would entail restructuring all ACH withdrawals and direct deposits, but the security of knowing that the hackers do not have your account information anymore would be worth it. However, Chase will probably try to charge you for changing them. This is the only way to be certain your accounts aren't drained and should be done ASAP.

I have done ZERO business with Chase for over 5 years. They have lousy customer service and are ridiculous with their rules and exorbitant fees.

They are too big for anyone's (except their own)good. They have lost all touch with who is really the customer and what customer service is.

They should spend enough money to hire geeks with enough skill and knowledge to protect their systems. It can be done, and is being done by many companies.