The hackers who breached JPMorgan Chase also infiltrated about nine other financial institutions, and may be operating from Russia, according to one news report. But security experts caution against jumping to conclusions over attackers' identities or motives.
If JPMorgan Chase, which was considered one of the most secure organizations in the world, can be breached, then virtually all other banks likely are at risk, too. Experts explain why early detection and information sharing are key to mitigating threats.
The inquiries focus on U.S. Investigation Services, a contractor that conducted security-clearance background checks, and whose computers were breached in August, exposing data on 25,000 federal employees.
Leading this week's industry news roundup, KPMG acquires assets of Qubera Solutions, which provides identity and access management services, while Palo Alto Networks launches an endpoint protection solution.
JPMorgan Chase has confirmed that 76 million households and 7 million small businesses were impacted by a breach that reportedly began in June and was not detected until late July. One fraud expert calls the breach "a national crisis."
The Justice Department announces that four alleged members of an international hacking ring have been charged with stealing intellectual property valued at $100 million, including a U.S. Army Apache helicopter simulator and Microsoft Xbox prototypes.
Banking institutions must mitigate all Shellshock vulnerabilities in their internal and customer-facing banking systems. Experts recommend beginning with automated and manual Bash-bug scanning, as well as educating customers about the risks.