Skip to content ↓ | Skip to navigation ↓

In a filing with the Securities and Exchange Commission today, JPMorgan Chase has announced that the compromise of its network, disclosed late July, led to the exposure of customer information from about 76 million households and 7 million small businesses.

The sensitive information accessed by the intruders included customer names, addresses, phone numbers and email addresses. However, JPMorgan noted there is no evidence that the breach included customer account numbers, passwords, social security numbers or dates of birth.

Additionally, the multinational banking and financial services company noted that as of Oct. 2, it has not yet seen unusual customer fraud related to the breach. Yet, in any case, customers will not be held liable for unauthorized transactions on their account if they promptly notify the bank.

JPMorgan Chase CEO Jamie Dimon stated in the bank’s annual report to shareholders that the company had invested millions on cybersecurity but remained concerned about the threat posed by sophisticated attacks.

By the end of 2014, the New York-based bank plans to spend approximately $250 million annually on cybersecurity and employ about 1,000 employees to oversee the company’s cybersecurity efforts.

The attack continues to be further investigated with the help of law enforcement to identify the hackers associated with the incident.

Read More Here…