JP Morgan Hacked Over A Period Of Several Months

Bloomberg - Hackers burrowed into the databanks of JPMorgan Chase & Co. (JPM) and deftly dodged one of the world’s largest arrays of sophisticated detection systems for months.

The attack, an outline of which was provided by two people familiar with the firm’s investigation, started in June at the digital equivalent of JPMorgan’s front door, exploiting an overlooked flaw in one of the bank’s websites. From there, it quickly developed into any security team’s worst nightmare.

The hackers unleashed malicious programs that had been designed to penetrate the corporate network of JPMorgan -- the largest U.S. bank, which had vowed two months before the attack began to spend a quarter-billion dollars a year on cybersecurity. With sophisticated tools, the intruders reached deep into the bank’s infrastructure, silently siphoning off gigabytes of information, including customer-account data, until mid-August.

Read the rest of "JPMorgan Hack Said to Span Months Via Multiple Flaws" at Bloomberg.com


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