JPMorgan: Data breach affected 76 million
Friday, October 3, 2014
LOS ANGELES -- JPMorgan Chase & Co. says a recent cyberattack compromised customer information for about 76 million households and 7 million small businesses.
The New York-based bank said Thursday customer information including names, addresses, phone numbers and email addresses were stolen in the cyberattack.
However, JPMorgan says there's no evidence the data breach included customers' account numbers, passwords, Social Security numbers or dates of birth.
The lender says it has not any unusual customer fraud related to this data breach.
JPMorgan Chase, the nation's biggest bank by assets, has been working with law enforcement officials to investigate the cyberattack.
Jamie Dimon, the bank's CEO, said in this year's annual report to shareholders that despite spending millions on cybersecurity, JPMorgan remained worried about the threat of attacks. By the end of this year, the bank estimates that it will be spending about $250 million annually on cybersecurity and employing 1,000 people in the area.
In August, the FBI said it was working with the Secret Service to determine the scope of recent cyberattacks against several American financial institutions.