FBI investigate hacking incident at JP Morgan

By Dow Jones newswires

The company and federal cyber investigators are in discussions as they pursue the apparent attack on the bank's computers. "Companies of our size unfortunately experience cyberattacks nearly every day," Trish Wexler, a JP Morgan spokeswoman, said in a statement. "We have multiple, layers of defense to counteract any threats and constantly monitor fraud levels.

The Federal Bureau of Investigation is probing a possible computer hacking attack on JP Morgan Chase, in what people familiar with the probe described as a significant breach of corporate computer security.

The attack appears to have been caused by malicious computer code, known as malware, according to a person familiar with the matter.

Malicious software, known as malware, was the method used by hackers who broke into Target's credit card system last year and stole sensitive account information from millions of the store's customers.

Read more here: Business Spectator


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