JPMorgan Chase May Have Avoided Massive Data Breach With Simple Fix
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|According to new data, the cyberattack on JPMorgan Chase that enabled the largest known American bank intrusion to date could have been prevented with a simple security fix. A report from the New York Times identifies the hackers' entry point. The attack, which ultimately compromised the contact information of 76 million households and 7 million small businesses, started last spring when one employee's login information was stolen. According to anonymous sources from within the company referenced in the report things could have stopped there, but JPMorgan's security team failed to update one of its servers to include two-factor authentication. JPMorgan is now undergoing a top-to-bottom internal review that is looking to weed out security holes in its network. but maintains that no account information or social security numbers were compromised in the breach, only contact information like phone numbers and email addresses.
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