Priya Anand reports: J.P. Morgan Chase won’t notify those customers who have been affected by its summer security breach — estimated to be two-thirds of U.S. households — that their personal information was exposed, a spokesperson for the bank told MarketWatch. When asked why, the spokesperson said, “That’s just what we’re doing.” The nation’s largest bank…
Category: Financial Sector
JPMorgan email notification to customers
Well, I nearly trashed this email as spam because the sender showed as “Gregory Quental,” with a subject line “Important update on cyber security.” I’m glad I looked at it, though, as it was a message from JPMorgan about their breach: As you may know, Chase recently was the victim of a sophisticated cyber attack….
UPDATE: JP Morgan reveals data breach affected 76 million households and 7 million small businesses
Olivia Levoy of USA Today reports: The cyberattack on JP Morgan Chase & Co. first announced in July comprised information from 76 million households and 7 million small businesses, the company revealed in a filing with the Securities and Exchange Commission Thursday. Contact information, including name, address, phone number and email address, as well as…
JPMorgan Discovers Further Cyber Security Issues (UPDATED)
UPDATED: JPMorgan Chase told CNBC it was not aware of a new cyber attack on its computer network, striking down the NY Times article cited below. Original post: Jessica Silver-Greenberg and Matthew Goldstein report: For the second time in roughly three months, JPMorgan Chase is scrambling to contain the fallout from a security breach of its vast computer network,…
LA: IberiaBank accuses former executives of stealing sensitive data
Billy Gunn reports: IberiaBank Corp. is accusing two former executives of a bank it purchased this year of stealing customer and business information and giving the sensitive data to JD Bank, a Jennings-based business rival formerly known as Jeff Davis Bank & Trust. In a lawsuit filed in U.S. District Court in Lafayette, IberiaBank claims…
Ca: Employer liability for privacy breaches by employees
Daniel Mayer writes: A class action was recently allowed to proceed in Ontario against a major bank after one of its employees admitted to accessing and disclosing to third parties confidential information of the bank’s customers. While this case is not a final decision as to whether the bank was actually liable for its employee’s…