Bloomberg News reports that Dimon, whose company recently disclosed that an attack by hackers exposed contact information of 76 million households and 7 million small businesses, made the remarks Friday at an event sponsored by the Institute of International Finance in Washington.
'It’s about firewall protection, it’s about internal protection, it’s about vendor protection, it’s about everything that hooks up into you,' said Dimon, 58. There will be a lot of battles. Unfortunately some will be lost.'
JPMorgan has outlined details of the scope of the breach, first reported in August, saying there was no evidence that customer account numbers and passwords were compromised.
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