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Huge JPMorgan hack: It’s not over yet

Huge JPMorgan hack: It’s not over yet
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It’s called the largest bank hack ever. Over 80 million bank accounts were compromised through June and July of 2014 at JPMorgan Chase Bank. Click here to learn more about it. 

Now, JPMorgan is bracing itself and its customers for what could be a devastating new aftershock. Because the hackers, who are believed to be operating from Russia or "former Soviet satellite states," have so much sensitive data, it's only a matter of time before spear phishing catches unsuspecting victims.

First, let me break down spear phishing for you. It's not a kind of deep-sea or diving sport. Spear phishing is a specialized kind of phishing scam or email that is specifically tailored to the victim.

Remember that phishing is the digital form of fraud, "the activity of defrauding an online account holder of financial information by posing as a legitimate company," and it's way less fun than traditional trout or bass fishing.

So, in the case of the over 76 million accounts and seven million small businesses at risk, you would be seeing emails in your inbox that are from the scammers trying to steal even more of your information.

Next page: What can you do to protect yourself from the latest round of cyberattacks?
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