Feds could be close to charging JPMorgan hackers

Source: National Cyber Security – Produced By Gregory Evans

Last summer, JPMorgan Chase acknowledged a data breach that compromised personal information belonging to as many as 76 million households and 7 million small businesses, and initially there was some speculation Russian hackers may have been behind the attack. However, the New York Times reported, federal officials have hinted they may be close to actually filing charges against suspected hackers. That likely means the suspects aren’t in Russia because the United States and Russia do not have an extradition treaty. Moreover, the Times said, if the government actually does identify and prosecute people it believes are responsible for the JPMorgan (NYSE: JPM) breach, that would differ from several other high-profile corporate security breaches in recent months. Hacks at Target (NYSE: TGT), Home Depot (NYSE: HD), and eBay (NASDAQ: EBAY) have not resulted in any charges, the report said. JPMorgan has since begun a revamp of its network security, the Times said, particularly for people with the highest level of credentials. However, it’s unclear how much such measures would have addressed last year’s hack since the perpetrators gained access via stolen credentials and a server that did not have two-factor authentication. source: http://www.bizjournals.com/newyork/news/2015/03/16/feds-could-be-close-to-charging-jpmorgan-hackers.html

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