More details are emerging from the recent cyber breach at banking giant JP Morgan. Upwards of 75 million customer bank records were stolen during a breach that began in June and ran through August. Representatives of the firm confirm the breach but add that as far as they can tell, no bank account numbers, social security numbers or passwords were lost. The representatives also claim that the only data stolen was customer names, addresses, email addresses and telephone numbers….hmmm.
The breach greatly unsettled many in the cyber community who were under the impression that banks and financial institutions were ‘rock solid’ in their cyber security. People are wondering….if JP Morgan can be breached…who is safe? However, unless you want to start hiding your money in your mattress, customers will have to continue to utilize the services of their banks….but the trust in their soundness and security just got a tad shaky.
So, what to do? The usual advice remains…closely monitor your bank and credit card statements, change your passwords and use strong passwords…..8/4 rule…use cash whenever practical, use caution when opening emails and now, add to the list…unsolicited telephone calls from ‘your bank’ seeking information.