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JPMorgan Chase warns it is now seeing 45 MILLION hacking attempts every day - double last year's number
[Daily Mail, Where America Gets Its News]
  • JPMorgan reported seeing double the hacking attempts from 2022 to 2023

  • The U.S. banking giant is seeing 45 million cyber attacks every day

  • Chief Executive of Wealth and Assets said the fraudsters are getting 'savvier'

Since Russia invaded Ukraine two years ago - rising global geopolitical tensions have caused cyber crime to skyrocket.

Over 70 per cent of bank leaders in a 2023 KPMG survey reported being concerned about cyber crime and cyber insecurity.

JPMorgan spends $15 billion each year just on technology to prevent cyber attacks as part of an effort to bolster its cyber defenses.

This budget is up substantially from the $14.3 billion that the company spent on technology in 2022.

Edroes also reported that JPMorgan Chase had employed 62,000 technologists to help secure systems and prevent hacking.

In 2022 it was reported that Russian hackers were targeting JPMorgan Chase in an attempt to knock its websites offline. The bank said it shrugged off the assault with no 'operational impact'. The Killnet gang threated to hit JPMorgan with a denial-of-service attack - in which hackers flood targets with junk data - following a strikes against several US airport websites.
Posted by: Skidmark 2024-01-17
http://www.rantburg.com/poparticle.php?ID=688945