JPMorgan Hackers Breached Nine Other Financial Firms

The overseas hackers who compromised more than seven million people’s information at JPMorgan Chase & Co. also infiltrated nine other financial institutions, the New York Times reports. Authorities have not identified the other institutions. The hackers accessed names, addresses, phone numbers and email addresses of millions of account holders, but never made it into the part of the system that stored more critical financial and personal information. One security analyst told the Times, “It was a huge surprise that they were able to compromise a huge bank like JPMorgan. It scared the pants off many people.” The breaches have led to scrutiny of reporting requirements in such cases, as banks in the United States are not required to report data breaches unless the incident led to financial losses, and breach notifications vary by state.