Hackers Hit JPMorgan Chase, Other Banks


Federal authorities confirmed early Thursday that they were investigating another hack-job, this time targeting JPMorgan Chase and several other U.S. banks. Initial reports indicated that the hackers were based in Russia.

But the comment from JPMorgan may have been even more chilling for its customers:

"Companies of our size unfortunately experience cyberattacks nearly every day," said bank spokeswoman Trish Wexler. 

This latest attack targeted customer data "that could be used to drain accounts," a source told Bloomberg News. Additionally, the hacker compromised JPMorgan employee information.

Bloomberg reports that the FBI was looking at whether "Russian hackers were involved as a way of retaliating for economic sanctions placed on Moscow due to its involvement in the ongoing conflict with Ukraine."

The Wall Street Journal reports that in recent weeks, JPMorgan had "called numerous security vendors with concerns it had a problem" and that the bank in recent months had "hired a number of employees with Defense Department experience."

JPMorgan Chase is the largest bank, in size of assets, in the U.S. The other targeted banks have yet to be publicly identified.