U. S. Lawmakers Push Anti-Privacy Cyber Legislation After JPMorgan Chase Bank Hack
Last week, JPMorgan Chase Bank revealed that cyberattacks compromised the personal information of 76 million households along with seven million small businesses. This attack on a major bank pushes it to be one of the largest successful attacks of its kind. "The data breach at JPMorgan Chase is yet another example of how Americans' most sensitive personal information is in danger," Sen. Ed Markey, D-Mass., said in a press release Thursday. "It is time to pass legislation to protect Americans against these massive data breaches." Unlike the attacks on Home Depot and other fiat retailers,....
Related News
It is this latter part that causes some concern. For now, it remains unclear which Bitcoin exchange was run by these individuals. JPMorgan Chase fell victim a major computer hacking and fraud scheme a while ago. As it turns out, an American has been involved in this scheme. Joshua Aaron was arrested on Wednesday after the entered the US from Russia. This flight was a part of this extradition to the US, where the will face several charges relate to the JPMorgan Chase hack. A total of nine people are under investigation for their involvement in the hack against this financial institution.....
A possible cryptocurrency scam is using JPMorgan & Chase's branding - and the bank isn't happy about it. In a message posted to its Chinese-language website, JPMorgan disavowed any relationship with the so-called "JPMCoin" or "Morgan Dollars", a virtual currency currently being pitched via Chinese social media platforms. The bank said in the statement: "JPM Coin is not a product of JPMorgan Chase nor of any of its affiliates in China or elsewhere. JPMorgan Chase has not authorised any virtual currency (of this type or similar in any way). JPMorgan Chase has not authorized references to....
The fallout from the Israeli exchange Coin.mx’s shut down two years ago continues with three more people due to be sentenced in court next month. Among them is the United States resident Ricardo Hill, accused of engaging in fraudulent activities while working for the exchange which orchestrated cyber attacks against companies such as JPMorgan Chase while it was operating. In July 2015, Cointelegraph reported on the initial indictment of Coin.mx, which prosecutors believe is partly responsible for a cyber attack compromising the details of around 80 mln customers at the global accounting....
JPMorgan Chase CEO Jamie Dimon said in a U.S. congressional hearing that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.” He told lawmakers: “I’m a major skeptic on crypto tokens which you call currency.”
JPMorgan CEO Jamie Dimon Calls Crypto Ponzi Schemes
Jamie Dimon, the CEO of JPMorgan Chase & Co., shared his view about cryptocurrencies, naming bitcoin in particular, in a congressional hearing Wednesday.
Responding to a question by Representative Josh Gottheimer (D-NJ) about the rapid development of digital assets,....
Earlier this week, JPMorgan Chase UK, a standalone digital banking entity in the UK since 2021, delivered surprising news. They announced that their customers would no longer have the option to purchase crypto using Chase UK debit cards or via bank transfers. While such decisions aren’t entirely unprecedented, the rationale provided by the bank, concerns […]