NYT: JPMorgan Chase was hacked as a result of two-issue authentication blunder

NYT: JPMorgan Chase was hacked due to two-factor authentication blunder

The hackers that stole tens of millions of depositors’ contact information from JPMorgan Chase earlier this yr did not use any sort of refined malware just like the one which took down Sony Footage’ computer systems. No, they managed to steal individuals’s information, as a result of the financial institution did not improve considered one of its servers with two-issue authentication, in response to The New York Occasions. Because of the lack of two-issue, the hackers gained entry to delicate information utilizing simply log-in credentials stolen from an worker. NYT says individuals inside the firm are (understandably) embarrassed about what occurred, because the financial institution sometimes spends $250 million to ensure its networks are safe. Additionally, the opposite banks focused by the identical hackers weren’t as affected, presumably as a result of all their safety measures have been working correctly.

A gaggle of inner investigators, comprised of cybersecurity specialists and even NSA brokers, at the moment are making an attempt to resolve the oversight and to find who launched the assault. Authorities used to assume the Russian authorities was behind the breach because of the US financial sanctions towards Russia, however the FBI dropped that concept method again in October. The financial institution maintains that the attackers did not get away with any cash, although it admits that they harvested passwords, telephone numbers and residential addresses.

[Image credit: Andrew Burton/Getty Images]

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