Friday, October 3, 2014

JP Morgan Chase admits to a significant data breach.

Today, JP Morgan Chase revealed that information on 76 million households and 7 million businesses was stolen from their systems due to malware on an employee laptop. This is added to the Home Depot and Target breaches. Here are a few things you can do to protect your personal information...
  • Change all banking passwords
  • Do not reuse passwords amongst banks
  • Monitor all of your accounts (even those not with JP Morgan)
  • Ask for alerts:
    • Daily balance via email & text message
    • Alerts for transactions over $500 (or whatever level you desire)
    • Alerts for number of daily transactions
    • Alerts when balance falls below a certain amount
  • Use 2-factor authentication
  • Avoid using debit cards
  • Minimize online banking
Demand Chase hold it’s software and security vendors accountable for their lapses - after all, they spend millions (if not billions) of dollars on this software. We as individuals cannot force Microsoft, Adobe, Oracle, Cisco, and other software manufacturers to improve their security. It will take a large customer like JP Morgan Chase to force the software industry to deliver secure, hardened software.


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