83 Million Affected in 2014 JPMorgan Chase Data Breach

In 2014, JPMorgan Chase experienced a massive data breach that affected a staggering 83 million people. This incident was a wake-up call for the banking industry and highlighted the need for robust security measures.

The breach occurred when hackers gained access to JPMorgan Chase's computer systems, stealing sensitive information such as names, addresses, phone numbers, and email addresses.

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About 76 million households and 7 million small businesses were affected by the data breach.

The breach occurred when hackers stole names, addresses, phone numbers, and email addresses from JPMorgan Chase's servers.

Only Chase customers who used certain websites or mobile apps were affected, including Chase.com, JPMorganOnline, ChaseMobile, and JPMorgan Mobile.

The bank has not seen any unusual customer fraud stemming from the data breach, and there's no evidence that account numbers, passwords, Social Security numbers, or dates of birth were stolen.

The breach began as early as June, but JPMorgan Chase didn't discover it until mid-August.

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The bank has been working with law enforcement officials to investigate the cyberattack and has disabled compromised accounts and reset passwords of all its technology employees.

JPMorgan Chase is the nation's biggest bank by assets, and it's estimated to spend about $250 million annually on cybersecurity by the end of this year.

JPMorgan Chase discovered the data breach on its computer servers in mid-August, but the breach began as early as June.

The bank's investigation found that names, addresses, phone numbers, and email addresses of customers were stolen from the company's servers.

Only customers who use certain websites or mobile apps, such as Chase.com, JPMorganOnline, ChaseMobile, and JPMorgan Mobile, were affected by the breach.

JPMorgan has not seen any unusual customer fraud stemming from the data breach, and it doesn't believe customers need to change their password or account information.

The bank disabled compromised accounts and reset passwords of all its technology employees as a precautionary measure.

In a similar incident, Heartland Payment Systems Inc. had over 130 million card numbers stolen, resulting in losses of about $200 million.

JPMorgan estimates that it will be spending about $250 million annually on cybersecurity by the end of this year and employing 1,000 people in the area.