Final Project JP Morgan Chase Breach.docx - JP Morgan...

JP Morgan Chase Breach
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Final Project: JP Morgan Chase Breach
Ankitha Bhavana Gaddam
IFT 598: Human Factors in Cybersecurity
Dr. Calvin Nobles
October 9, 2022

JP Morgan Chase Breach
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Introduction
“ A cyberattack this summer on JPMorgan Chase compromised the accounts of 76 million
households and seven million small businesses, a tally that dwarfs previous estimates by the
bank and puts the intrusion among the largest ever” (Goldstein, 2014). Because banks are
known for having some of the best cyber defence systems because they obviously handle a
lot of information in terms of people's names, contact information, and account numbers that
are accessible to the users money, this cyber security breach swept the country in the summer
of 2014.
"As if the JPMorgan Chase breach's massive scope weren't awful enough, it also draws
attention to a problem inherently present in the majority of contemporary information
security infrastructures. Modern "prevention" methods, in particular, are not 100% reliable at
finding and thwarting persistent attackers (Fink, 2015). The fact that this security breach has
affected 76 million homes and 7 million small enterprises proves that no security system is