Security Breaching at JPMorgan Chase & Co. (NYSE:JPM) May Put a lot of You in Danger

Boston, MA 10/13/2014 (wallstreetpr) – According to reports, security breaching that took place in JPMorgan Chase & Co. (NYSE:JPM) sometime back may further put you in danger. Experts claim that the data that was breached that time may lead to a big problem in the near future. Secured data of almost 83 million people was compromised that time. Information like bank account information, social security number and other sensitive data was collected by hackers that time.

Insights of the information:

With an objective of phishing, hackers moved in ninety servers and collected information about a huge client base of JPMorgan Chase & Co. (NYSE:JPM). Weeks past before JPM came to know about this act. None of the accounts that were hacked were drained by hackers, which proved that stealing money instantly was not the prime goal of those hackers. It may be the case of multi-layered crime for the first time in real life. Most of the financial institutions are looking forward to making sure that they don’t have to go through what JPMorgan Chase & Co. (NYSE:JPM) has experienced.

Media covered this news on a very mass level and revealed that personal information like name, phone number, address, bank account details, social security account number and other financial information had been hacked. Although most of the media houses denied any fact of serious harm, but expert think that it may just be the peace before actual storm starts. There is a disaster likely to take place in the near future. It’s very easy to drain a bank account if someone has all the details about the account holder. In case the accounts have not been touched so far, then chances of fishing are very high. If they have every information about bank account holder, then no matter where does he open his account in future; they can still have a look into his account and take funds away. JPMorgan Chase & Co. (NYSE:JPM) and other financial institutions will have to take corrective steps to avoid any such disaster in the near future.

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Published by Benjamin Roussey

Benjamin Roussey is from Sacramento, California. He has two master’s degrees and served four years in the U.S. Navy. His bachelor’s degree is from CSUS (1999) where he was on a baseball pitching scholarship. His second master’s degree is an MBA in Global Management from the University of Phoenix (2006). He has worked for small businesses, public agencies, and large corporations. He has lived in Korea and Saudi Arabia where he was an ESL instructor. Benjamin spends his time in between Northern California and Cabo San Lucas, Mexico, committing himself to his craft of freelance and website writing.