Info@NationalCyberSecurity
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JPMorgan Chase warns it is now seeing 45BILLION hacking attempts every day – double last year’s number | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker


  • JPMorgan reported seeing double the hacking attempts from 2022 to 2023
  • The U.S. banking giant is seeing 45 million cyber attacks every day 
  • Chief Executive of Wealth and Assets said the fraudsters are getting ‘savvier’

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JPMorgan Chase has reported seeing double the amount of hacking attempts this year compared to 2022.

The U.S. finance firm saw an alarming 45 billion hackers trying to infiltrate its system every single day.  

JPMorgan is the largest bank in the United States and the fifth largest bank in the world – with $3.9 trillion in total assets. 

Mary Callahan Erdoes, Chief Executive of JPMorgan’s Asset & Wealth Management line discussed the increasing numbers of hacking attempts during a panel at the World Economic Forum in Davos.

‘The fraudsters get smarter, savvier, quicker, more devious, more mischievous,’ Erdoes said. 

JPMorgan Chase has reported seeing double the amount of hacking attempts this year compared to 2022

JPMorgan Chase has reported seeing double the amount of hacking attempts this year compared to 2022

Mary Callahan Erdoes, Chief Executive of JPMorgan's Asset & Wealth Management line discussed the increasing numbers of hacking attempts during a panel at the World Economic Forum in Davos

Mary Callahan Erdoes, Chief Executive of JPMorgan's Asset & Wealth Management line discussed the increasing numbers of hacking attempts during a panel at the World Economic Forum in Davos

Mary Callahan Erdoes, Chief Executive of JPMorgan’s Asset & Wealth Management line discussed the increasing numbers of hacking attempts during a panel at the World Economic Forum in Davos

The U.S. finance firm saw an alarming 45 billion hackers trying to infiltrate its system every single day

The U.S. finance firm saw an alarming 45 billion hackers trying to infiltrate its system every single day

The U.S. finance firm saw an alarming 45 billion hackers trying to infiltrate its system every single day

‘It’s so hard and it’s going to become increasingly harder and that’s why staying one step ahead of it is really the job of each and everyone of us.’

JPMorgan isn’t the only bank dealing with a surge in cyberattacks.

Since Russia invaded Ukraine two years ago – rising global geopolitical tensions have caused cyber crime to skyrocket. 

Over 70 per cent of bank leaders in a 2023 KPMG survey reported being concerned about cyber crime and cyber insecurity. 

JPMorgan spends $15 billion each year just on technology to prevent cyber attacks as part of an effort to bolster its cyber defenses. 

This budget is up substantially from the $14.3 billion that the company spent on technology in 2022. 

Edroes also reported that JPMorgan Chase had employed 62,000 technologists to help secure systems and prevent hacking. 

JPMorgan Chase spends $15 billion each year just on technology to prevent cyber attacks as part of an effort to bolster its cyber defenses

JPMorgan Chase is the largest bank in the United States and the fifth largest bank in the world - with $3.9 trillion in total assets

JPMorgan Chase is the largest bank in the United States and the fifth largest bank in the world - with $3.9 trillion in total assets

JPMorgan Chase is the largest bank in the United States and the fifth largest bank in the world – with $3.9 trillion in total assets

In 2022 it was reported that Russian hackers were targeting JPMorgan Chase in an attempt to knock its websites offline.

The bank said it shrugged off the assault with no ‘operational impact’. 

The Killnet gang threated to hit JPMorgan with a denial-of-service attack – in which hackers flood targets with junk data – following a strikes against several US airport websites. 

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