ALERT! JP Morgan Suffers MASSIVE Breach ALERT!

Published On October 3, 2014 | By Tom Huskerson | Alerts, News and Analysis

110804064152_jpmorgan_chase_logo_640x360_16x9JP Morgan has set yet another record for data breaches. The financial services and banking giant reveled that 76 million households and 7 million small businesses have potentially had their private data stolen in a record setting cyber attack.

According to a new  SEC filing JP Morgan  said, “User contact information — name, address, phone number and email address – and internal JPMorgan Chase information relating to such users has been compromised.” 

JP Morgan pointed out that “…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.” There has been no fraud connected to this data breach.

JP Morgan denies that this data breach was a second attack but instead was connected to a previous attack.  The company has rejected the reports from the New York Times that this previous attack resulted in the loss of checking and savings account information.

Breaking it down

In comparison, Target’s data breach affected 40 million credit and debit card accounts. This was followed by Home Depot’s breach of 56 million accounts. Now JP Morgan has set the bar with 76 million records lost. How much more do we need to experience before something is done. What you are looking at is an escalating trend of warning shots of what is bound to come.

Even if no account information was lost the loss of names, email addresses and other contact information is the exact information needed for phishing attacks. And JP Morgan knows it. That’s why this breach is so dangerous. 

As a nation we are flirting with a financial catastrophe that could bring down an empire! The ability of hackers and thieves to impact the financial sector at this level indicates a hack could bring America to its knees and possibly even ignite a global financial crisis. Am I the only one seeing that Wall Street is the next big target? Or maybe the world banking system?  If you think otherwise then you are fooling yourself. I am not so sure that its not time to take your money out of the bank and put it in your mattress. 

Some might think this is a dire prediction; possibly even a doomsday vision. But look at the numbers again and ask yourself; is it really not possible?

For more information please see 

JP Morgan Discloses Data Breach Affected Millions

JP Morgan Data Reveals Data Breach Affected 76 Million Households

JP Morgan Says Data Breach Hit 76 Million Households

 

 

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About The Author

Tom Huskerson Bio Born in Richmond Virginia Tom Huskerson is a military veteran who settled in California after his discharge. Tom attended Santa Barbara City College where he began his writing career as a campus reporter. He worked as an intern news reporter for the Santa Barbara News-Press writing feature stories before moving on to San Francisco. At San Francisco State University Tom studied broadcast communications and began to focus on the Internet. He completed his graduate thesis on Internet advertising. Tom was the first student to ever focus on the Internet as a graduate student at San Francisco State University. After graduation he went to work for Zona Research in California’s Silicone Valley. As a research associate Tom supported senior analyst writing on the latest developments in the Internet industry. During the dot com boom Tom worked for several web businesses as a market researcher and analyst. As a writer and researcher Tom has authored various technical works including a training program for Charles Schwab security. Other projects included professional presentations on workplace violence and hiring security contractors. Tom has also written both fiction and non-fiction works and blogging for a travel website. He has published two books of short stories and completed two novels. Tom is the owner of Scribe of Life Literature and EbonyCandle.com. Tom is not the chief editor for the OnTechStreet. com. A news and information blog that focuses on tech news for African-Americans. The blog is the result of his desire to inform the African American community of the dangers and benefits of the cyber age. In his blog Tom reports on information security, new and analysis, scams and hoaxes, legal happenings and various topics that arise from the age of information. Tom believes that technology is a necessary tool for black people and they should know what is happening. Tom writes believing that techno speak is for the professional and that valuable information can be communicated using plain language. As a result he has embraced the motto, Less Tech, More Knowledge.

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