The cyberattack on JPMorgan Chase that enabled the largest known American bank intrusion to date could have been prevented with a simple security fix, according to new data.
A report from the New York Times identifies the hackers' entry point. The attack, which ultimately compromised the contact information of 76 million households and 7 million small businesses, started last spring when one employee's login information was stolen
Things could have stopped there, but JPMorgan's security team failed to update one of its servers to include two-factor authentication, according to anonymous sources from within the company referenced in the report. The bank officially revealed the scope of the breach in October. Read more...
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