Two-Factor Snafu Opened Door to JPMorgan Breach threatpost/two-factor-snafu-opened-door-to-jpmorgan-breach/110119 The biggest U.S. banking breach of all time came down to the smallest of details. The New York Times, citing sources close to the ongoing investigation of the JPMorgan data breach, said hackers found a server unprotected by two-factor authentication to break in using a stolen user name and password combination. JPMorgan disclosed in August that it was investigating a “computer hacking attack” along with the FBI and Secret Service. The oversight exposed data belonging to an estimated 76 million consumer households and seven million businesses, and worse for the financial institution’s bottom line, neatly hurdled JPMorgan’s staggering $250 million IT security budget. The expanse of the breach was disclosed in October in a Securities and Exchange Commission (SEC) filing; JPMorgan disclosed that the hackers had made off with user contact information, including names, phone numbers and email addresses. Account numbers, passwords, user IDs, dates of birth and Social Security numbers were also at risk, but were not stolen, according to the SEC filing.
Posted on: Mon, 29 Dec 2014 12:34:59 +0000
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