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JPMorgan Chase victim to 76-million-account cyperattack

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JPMorgan Chase bank has been victim to a 76-million-account cyberattack, marking the company's largest security breach.

A United States government Securities and Exchange Commission report discloses five important components of the cyberattack:

  • User contact information - name, address, phone number and email address - and internal JPMorgan Chase information relating to such users have been compromised.
  • The compromised data impacts approximately 76 million households and 7 million small businesses.
  • However, there is no evidence that account information for such affected customers - account numbers, passwords, user IDs, dates of birth or Social Security numbers - was compromised during this attack.
  • As of such date, the Firm continues not to have seen any unusual customer fraud related to this incident.
  • JPMorgan Chase customers are not liable for unauthorized transactions on their account that they promptly alert the Firm to.

The security breach is said to have begun in June and discovered in July, raising JPMorgan's security forces on alert-corporate executives meeting in Naples, Fla. flew to New York following news of major developments.

Those accused of the security breach, who remain unknown, acquired a list of the applications and programs that run on every standard JPMorgan computer, the New York Times reports.

JPMorgan Chase is expected to make a public announcement discussing the security breach.

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