How Hackers Hacked A Financial Institution

1128 WordsDec 14, 20155 Pages
In June and July of 2014, the largest US bank JP Morgan Chase is again burst hacked. over 76 million household clients and over 7 million business clients of JP Morgan Chase suffered a hack of their information stored in credit card. Based on the information disclosure, the disclosure of data, including name, address, telephone number, email address and Chase internal system related information could had been stolen by hackers. In October 9th, 2014, another nine major financial institutions had been attacked by hackers. This was the largest case in Wall Street history that hackers hacked a financial institution. According to Bloomberg reports, the two insider of JP Morgan stated that from June 2014, the US Federal Bureau of Investigation…show more content…
Just like what I discuss in last section, to train employees with professional skills and ethical thoughts are the same important criteria. In cloud computing era, everyone is given more or less permissions or access of company information stored in cloud system. How to deal with such information is an interesting part. Although employees will sign a confidentiality contract with company, it is not for sure that every employee will keep the standards stated in confidentiality contract. So employees with permission to touch company information would be the first risk factor in cloud computing. The second risk factor in this case would be the information technology staff. "The company of our size have suffered cyber attacks almost every day," an employee of JP Morgan Chase, Patricia Wexler, said in an email. Enterprises are vulnerable to hacker attacks from multiple sources. After scanning network of JP Morgan, computer security researchers discovered a malicious software that could steal sensitive data in JP Morgan Hong Kong and India office. The researchers also found that, in July 2014, JP Morgan 's Hong Kong office network infected malware Zeus Trojan, which can steal banking credentials. In addition, JP Morgan India office website was also found to be infected by computer malware Sality, the malware can steal data and endanger the network server. As the largest financial institutions in Wall Street, JP Morgan
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