On Thursday, one of the largest banks in the United States, JP Morgan Chase released that the cyber-attack that was first announced in July affected 76 million consumers and 7 million small industries. In a filing the company made with Securities and Exchange Commissions, it was dubbed as the largest data breach ever of its kind that was ever discovered.
The data breach was almost a month underway before it was discovered in July. When it was disclosed in August, JP Morgan Chase assessed that around one million accounts were affected. But the latest information that was revealed on Thursday showed the widespread hack attack was more extreme than what was earlier believed.
The New York base bank revealed that names, addresses, phone numbers and email addresses were stolen from the company's servers, but only customers who use the websites Chase.com and JPMorganOnline and the apps ChaseMobile and JPMorgan Mobile were affected.
JPMorgan said that there is no evidence that the account information such as account numbers, passwords, user IDs, dates of birth or Social Security numbers, for affected customers was compromised during the data breaches this 2014.
Presently, JP Morgan Chase remains not to have seen any rare customer fraud related to the hacking incident. It said customers will not be accountable to any unlawful transactions on their account, as long as they quickly informed the bank.
JP Morgan Chase, the largest bank in the country by their assets is working with the Federal Bureau of Investigation and the US secret service to define the roots of the hack attack that caused the massive data breach.
Alarmingly, The New York Times report on Thursday said that the hackers were able to gain "the highest level of administrative privilege" on over 90 of the bank servers, as said by the people the newspaper agency spoke with who were acquainted with the forensic investigation of the data breach.
Earlier this year, JP Morgan Chase's chief executive Jamie Dimon informed its bondholders that the bank would spend $250 million per year for cyber fortification, employing 1,000 people to supervise its systems to ensure that JP Morgan Chase Data Breach this 2014 won't happen again.
The scale of the 2014 Data Breach hack in JP Morgan Chase, which is one of the largest ever, comes after a series of massive data breaches following the wake of attacks on Target and Home Depot. The bank's data breach is one of the largest corporate breaches that were documented.
