Organization: J.P Morgan Chase
Cyber security attack which involved J.P Morgan Chase bank is one of major attacks which took place recently. About two third of the bank’s customer details were stolen in this attack. The Bank officially announced that the data of 83 million customers was hacked out of which there were 76 million household and 7 million small business customers were involved.
Key-points of the attack
• The data comprises of the information of 83 million Customer details such as name, phone number, address and email address
• The other customer details such as account number, Social security number, User ID or Data of birth were not hacked during this attack
• The bank did not find any unusual customers related to this attack
• The bank declared the incident officially on October 1st week
Incident details
This attack initially took place in the month of June 2014 but the bank team couldn’t discover it till July 2014. There is a suspect that this attack was done by Russians and digging deeper there is also a suspect on the Russia government as well. The hackers tried to hack the databases and some of the applications which the bank employees use. They got access to the database of the customer’s details but as soon as the bank team came to know about it they prevented …show more content…
In case of any unauthorized transaction the bank owns the complete responsibility to the customer and so the bank team is dealing very seriously on this issue. The Bank is taking very serious precautions after the attack and trying to verify each and every software module of the bank’s applications to find the loop holes. In research one of the Security Analyst is saying that even a $2 transaction amount in the statement should also be checked by the customers thoroughly as it could be an indication on attack as most number of hackers tries to check the working of card by using it in a gas
Cyber security attack which involved J.P Morgan Chase bank is one of major attacks which took place recently. About two third of the bank’s customer details were stolen in this attack. The Bank officially announced that the data of 83 million customers was hacked out of which there were 76 million household and 7 million small business customers were involved.
Key-points of the attack
• The data comprises of the information of 83 million Customer details such as name, phone number, address and email address
• The other customer details such as account number, Social security number, User ID or Data of birth were not hacked during this attack
• The bank did not find any unusual customers related to this attack
• The bank declared the incident officially on October 1st week
Incident details
This attack initially took place in the month of June 2014 but the bank team couldn’t discover it till July 2014. There is a suspect that this attack was done by Russians and digging deeper there is also a suspect on the Russia government as well. The hackers tried to hack the databases and some of the applications which the bank employees use. They got access to the database of the customer’s details but as soon as the bank team came to know about it they prevented …show more content…
In case of any unauthorized transaction the bank owns the complete responsibility to the customer and so the bank team is dealing very seriously on this issue. The Bank is taking very serious precautions after the attack and trying to verify each and every software module of the bank’s applications to find the loop holes. In research one of the Security Analyst is saying that even a $2 transaction amount in the statement should also be checked by the customers thoroughly as it could be an indication on attack as most number of hackers tries to check the working of card by using it in a gas