2014 JPMorgan Chase data breach

Cyberattack against an American bank 2014 JP Morgan Data Breach File:270 Park Avenue (WTM by official-ly cool 100).jpg 2011 – May 2015 c. 3 Years 6 Months New York City Data breach 4 4 4 4 The 2014 JPMorgan Chase data breach was a cyberattack against American bank JPMorgan Chase that is believed to have compromised data associated with over 83 million accounts—76 million households (approximately two out of three households in the country) and 7 million small businesses.Siegel Bernard Tara Ways to Protect Yourself After the JPMorgan Hacking https://www.nytimes.com/2014/10/04/your-money/jpmorgan-chase-hack-ways-to-protect-yourself.html 5 October 2014 The New York Times 3 October 2014 4 October 2014 https://web.archive.org/web/20141004222614/http://www.nytimes.com/2014/10/04/your-money/jpmorgan-chase-hack-ways-to-protect-yourself.html live The data breach is considered one of the most serious intrusions into an American corporation's information system and one of the largest data breaches in history.JPMorgan hack exposed data of 83 million, among biggest breaches in history https://www.reuters.com/article/us-jpmorgan-cybersecurity-idUSKCN0HR23T20141003 5 October 2014 Reuters 2 October 2014 29 December 2015 https://web.archive.org/web/20151229202224/http://www.reuters.com/article/us-jpmorgan-cybersecurity-idUSKCN0HR23T20141003 liveRushe Dominic JP Morgan Chase reveals massive data breach affecting 76m households https://www.theguardian.com/business/2014/oct/02/jp-morgan-76m-households-affected-data-breach 5 October 2014 The Guardian 2 October 2014 4 October 2014 https://web.archive.org/web/20141004221840/http://www.theguardian.com/business/2014/oct/02/jp-morgan-76m-households-affected-data-breach live The cyberattack The attack, disclosed in September 2014, was discovered by the bank's security team in late July 2014, but not completely halted until the middle of August.Goldstein Matthew Perlroth Nicole Sanger David E. https://dealbook.nytimes.com/2014/10/03/hackers-attack-cracked-10-banks-in-major-assault/ Hackers' Attack Cracked 10 Financial Firms in Major Assault The New York Times 2014-10-03 2014-10-04 2020-12-16 https://web.archive.org/web/20201216231326/https://dealbook.nytimes.com/2014/10/03/hackers-attack-cracked-10-banks-in-major-assault/ live Chan Cathy https://dealbook.nytimes.com/2014/10/02/jpmorgan-discovers-further-cyber-security-issues/?_php=true&_type=blogs&_r=0 Hackers' Attack on JPMorgan Chase Affects Millions The New York Times 2014-10-02 2014-10-02 2021-02-12 https://web.archive.org/web/20210212103949/https://dealbook.nytimes.com/2014/10/02/jpmorgan-discovers-further-cyber-security-issues/?_php=true&_type=blogs&_r=0 live The bank declared that financial and login information associated with the accounts (such as social security numbers or passwords) were not compromised but names, email, postal addresses, and phone numbers of account holders were obtained by hackers, raising concerns of potential phishing attacks.Santus Rex What You Need to Know About the JPMorgan Chase Cyberattack http://mashable.com/2014/10/03/need-to-know-jpmorgan-chase/ Mashable 3 October 2014 5 October 2014 5 October 2014 https://web.archive.org/web/20141005164423/http://mashable.com/2014/10/03/need-to-know-jpmorgan-chase/ live The hackers obtained a list of JPMorgan's applications and programs, using it to identify vulnerabilities and gain entry. The attack targeted nine other major financial institutions alongside JPMorgan Chase.Woodyard Chris Report: Russian hackers behind JPMorgan Chase attack https://www.usatoday.com/story/money/business/2014/10/04/jpmorgan-chase-cyberattack-russians/16717499/ 5 October 2014 USA Today 4 October 2014 4 October 2014 https://web.archive.org/web/20141004234935/http://www.usatoday.com/story/money/business/2014/10/04/jpmorgan-chase-cyberattack-russians/16717499/ live As of October 9, the only other company believed to have had data stolen is Fidelity Investments, https://www.wsj.com/articles/state-attorneys-general-weigh-group-to-examine-jpm-cyberattack-1412879567 J.P. Morgan Hackers Also Stole Fidelity Data, Investigators Think Barrett Devlin 9 October 2014 The Wall Street Journal 9 October 2014 8 January 2015 https://web.archive.org/web/20150108071735/http://www.wsj.com/articles/state-attorneys-general-weigh-group-to-examine-jpm-cyberattack-1412879567 live but investigators reported that the attack attempted to infiltrate the networks of banks and financial companies such as Citigroup, HSBC Holdings, E*Trade, Regions Financial Corporation and payroll-service firm Automatic Data Processing (ADP). https://www.bloomberg.com/news/2014-10-09/jpmorgan-hackers-said-to-probe-13-financial-firms.html JPMorgan Hackers Said to Probe 13 Financial Firms Riley Michael 9 October 2014 Bloomberg 10 October 2014 10 October 2014 https://web.archive.org/web/20141010030221/http://www.bloomberg.com/news/2014-10-09/jpmorgan-hackers-said-to-probe-13-financial-firms.html live The breach occurred at a time when consumer trust in digital security was already fragile due to recent breaches at major retailers.Perlroth Jessica Silver-Greenberg, Matthew Goldstein and Nicole 2014-10-02 JPMorgan Chase Hacking Affects 76 Million Households https://archive.nytimes.com/dealbook.nytimes.com/2014/10/02/jpmorgan-discovers-further-cyber-security-issues/ 2024-11-03 DealBook en Indictments and extradition October 2020 US federal indictments were issued against four hackers in the massive fraud in November 2015.https://www.wired.com/2015/11/four-indicted-in-massive-jp-morgan-chase-hack/ Four Indicted in Massive JP Morgan Chase Hack 10 November 2015 WIRED Zetter Kim 4 March 2017 31 December 2016 https://web.archive.org/web/20161231155701/https://www.wired.com/2015/11/four-indicted-in-massive-jp-morgan-chase-hack/ live Two Israelis indicted, Gery Shalon and Ziv Orenstein, were arrested in Israel and were extradited to the U.S. in 2016, which was announced by Israel's Justice Ministry.2 Israelis in JPMorgan Chase cyber fraud case to be extradited https://www.jta.org/2016/05/09/news-opinion/united-states/2-israelis-in-jpmorgan-chase-cyber-fraud-case-to-be-extradited 23 March 2023 Jewish Telegraphic Agency 9 May 2016 17 February 2018 https://web.archive.org/web/20180217202756/https://www.jta.org/2016/05/09/news-opinion/united-states/2-israelis-in-jpmorgan-chase-cyber-fraud-case-to-be-extradited live Two charged in cyberfraud against JPMorgan and others, plead not guilty https://www.reuters.com/article/technology/two-charged-in-cyberfraud-against-jpmorgan-and-others-plead-not-guilty-idUSKCN0YV2LC/ 26 April 2025 Reuters 10 June 2015 American hacker Joshua Samuel Aaron had also been part of the indictments.Suspected JP Morgan hacker arrested after returning from Moscow https://www.cbsnews.com/news/joshua-samuel-aaron-suspected-jp-morgan-hacker-arrested-after-returning-from-moscow/ 23 March 2023 CBS News 14 December 2016 23 March 2023 https://web.archive.org/web/20230323181200/https://www.cbsnews.com/news/joshua-samuel-aaron-suspected-jp-morgan-hacker-arrested-after-returning-from-moscow/ live They were charged with 23 counts of computer hacking affecting over 100 million customers.Crowe Portia Nov 10, 2015 JPMorgan fell victim to the largest theft of customer data from a financial institution in US history https://www.businessinsider.com/jpmorgan-hacked-bank-breach-2015-11 businessinsider.com In 2017, Shalon pleaded guilty to all 23 counts and made a plea deal with prosecutors, which included forfeiting over $400 million.Israeli Media: JPMorgan Hack Perpetrator to Pay $403 Million to US Authorities https://www.financemagnates.com/forex/regulation/israeli-scammer-pay-403-million-us-authorities-following-sting-operation/ 26 April 2025 Finance Magnates Staff 22 May 2017 Orenstein avoided additional prison time in 2020 after a five-year course of cooperation with the authorities.Brush Peter 22 October 2020 Accountant Ducks More Prison For Role In $400M Crime Outfit https://www.law360.com/articles/1322011/accountant-ducks-more-prison-for-role-in-400m-crime-outfit Law360 Joshua Samuel Aaron was arrested in Dec 2016.Whitehouse Kaja Dec 15, 2016 Accused bank hacker claims Russia offered him asylum https://nypost.com/2016/12/15/accused-bank-hacker-claims-russia-offered-him-asylum/ nypost.com A fourth individual, Andrei Tyurin (or Andrey Tiurin), was extradited to the US from the Republic of Georgia to face charges in 2018.Kosman Josh 2018-09-10 Hacker behind largest breach in US history appears in court https://nypost.com/2018/09/10/hacker-behind-largest-breach-in-us-history-appears-in-court/ 2024-08-24 en-US He was sentenced to 12 years in prison in 2021.Biase Nicholas Margolin James 7 January 2021 Russian Hacker Sentenced To 12 Years In Prison For Involvement In Massive Network Intrusions At U.S. Financial Institutions, Brokerage Firms, A Major News Publication, And Other Companies https://www.justice.gov/usao-sdny/pr/russian-hacker-sentenced-12-years-prison-involvement-massive-network-intrusions-us justice.gov United States Attorney Office (Department of Justice) 26 April 2025 JPMorgan Chase's Response In response to the breach, JPMorgan Chase said it would take several measures, such as doubling its annual security spending from $250 million in 2014 to $500 million over the next five years.Glazer Emily 2015-08-03 J.P. Morgan to Accelerate Timeline for Cybersecurity Spending Boost http://www.wsj.com/articles/j-p-morgan-to-accelerate-timeline-for-cybersecurity-spending-boost-1438641746 2026-08-03 Wall Street Journal en-US 0099-9660 Also, the firm applied software updates to restrict unauthorized access and prevent further exposure of sensitive information. References External links Banks https://www.justice.gov/opa/file/792651/download https://www.justice.gov/opa/file/792656/download https://www.justice.gov/usao-sdny/file/632156/download https://www.justice.gov/usao-sdny/press-release/file/1092376/download https://www.justice.gov/usao-sdny/press-release/file/1092381/download Category:Cyberattacks on banking industry Category:2014 data breaches Category:2014 scandals Category:Corporate scandals Category:Data breaches in the United States 2014 data breach Category:Bank fraud