On Thursday, JP Morgan Chase disclosed that they were cyber attacked that risked the contact data of 7 million small businesses and 76 million households. They said that it's a crisis case for the bank, although they were not sure what the cyber criminals will do with the stolen information. According to Tod Beardsley, Engineering manager at Rapid7, a security firm,
"It's fresh, it's huge, and it's a target list of people who qualify for Chase accounts," This last piece of personal data is incredibly valuable to attackers: It's a pre-qualified hit list for potential victims with proven credit worthiness."
As a starter, JP Morgan Chase explains it has blocked the attack during the massive data breach, here is what the public should know, the thing to worry about is scammers or phishing posing as a reliable internet entity in an effort to steal money or identifying information like social security numbers.
"If you get a call or an e-mail claiming to be from JPMorgan Chase, the best course of action is to politely but absolutely terminate the conversation and call JPMorgan Chase back using the number printed on your card or on your card statement," Beardsley explained.
"Any time is a good time for a password change. Unlike names, email addresses and phone numbers, passwords are easily changeable, and it's one of the few things a regular person can do." Bearsley added.
Beardsley stated that he foresees this data to spread to more cyber crooks businesses around the world, so don't expect it to be gone. Bearsley said, "Expect to see this fueling scams and schemes for years to come."
Although, this occurrence is considered this as the consumers' Armageddon because of the issues of privacy and online security, the public should be constantly vigilant and they should try to get anything they can.
