Stock Ticker

  • Loading stock data...

JPMorgan Chase & Co. (NYSE:JPM) Probe Finds Clues Of Criminals Stealing Data

Boston, MA 09/05/2014 (wallstreetpr) – Diversified financial services provider, JPMorgan Chase & Co. (NYSE:JPM), which is in the midst of an alleged customer data theft, seems to have found clues of an international computers network gang that was engaged in stealing data from the bank. The company’s findings assumed importance in the wake of FBI investigation into the hacking of personal data by cyber criminals though they have not mentioned any name.

Own Investigation

While the government appeared to be probing from its own sources and angle, the financial institution’s own probe indicated that a big international gang of sophisticated criminals was involved. They were not only stealing personal data of customers from the bank but also rerouting such data to a big city in Russia, Bloomberg reported quoting people in the knowledge of the probe.

Investigators from the company seemed to have been puzzled, by the way the, cyber criminals have indulged in cyber assault. The bank investigators believe that the criminals have hosted a ‘bulletproof’ platform due to its toughness with other attackers or the law enforcement agencies. The cluster of computers was also used in earlier cyber attacks and is currently tapped by professional cyber criminals functioning from East Euro with the aim of targeting banks.

It will be interesting to know how other investigations from the FBI and the National Security Agency are taking shape since the cyber attackers seemed to have been succeeded in JPMorgan Chase & Co. (NYSE:JPM), as well as, The Home Depot, Inc. (NYSE:HD), which too was probing the hacking issue.

Level of Threats

The investigations by JPMorgan Chase & Co. (NYSE:JPM) have also led to believe that the international network of cyber criminals’ network had also targeted at other banks’ system. However, the possibility was that they might have not been hacked so far.

Till now, there has been no proof that a particular bank in the U.S. has been hacked by the group. The Center for Financial Services Information Sharing, which supervises cyber threats, had told its members that they could not find any signs of cyber attack on any banks and that the level of threat perception remained the same.

Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.

  • Recent Stories

    SignUp Now For Our Featured Newsletter

    Sign Up To Get Our Latest Stocks Alerts