JPMorgan to boost cybersecurity spend

JPMorgan Chase said it increased defenses against computer hackers after an attack against the industry this month.

Bloomberg News reports the bank is working with U.S. authorities to determine the scope of the assault and is taking additional steps to safeguard confidential information.

JPMorgan will contact any customers that might have been affected, Wexler said, adding that the firm hasn’t seen unusual fraud levels.

JPMorgan was among at least five banks targeted in the coordinated attack on financial institutions in recent weeks, a U.S. official said Thursday. The assault led to the theft of customer data that could be used to drain accounts, according to another person briefed by U.S. law enforcement. Both asked not to be identified because U.S. probes are continuing.

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JPMorgan Boosts Customer Data Protections After Attack

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