Gigabytes of Customer Data Stolen from Banks

A recent Insurance Journal article, written by Michael Riley and Jordan Robertson, states that JP Morgan Chase & Co., among other banks, were attacked by Russian hackers and lost gigabytes of customer records.

The hackers are believed to have exploited a previously unknown software flaw often called a "zero-day attack" by the information security industry.

The article states that data breaches like this are rare because banks often take complex and expensive measures to protect their system and it much easier to attack individuals and retailers.

It is also suggested that the determination behind the attacks is the ongoing tension over Ukraine between Russia and western nations.

According to the article, at the time it was written, JP Morgan has not detected any unusual activity or fraud.

We strongly suggest that you consider reading our article regarding banking risks for businesses which can be found here »

These increasingly common cyber attacks against banks, retailers, and other business and organizations, increase the possibility of identity theft and fraud. Coverage to protect against some situations can be included as part of a homeowners or business policy.

We recommend that you purchase identity theft protection such as this plan through LegalShield »

Please Call us today at 877-506-5061, to ensure your policies meet your needs.

You can read the original article at Insurance Journal here »