Last week I told you about the huge number of people and businesses put at risk in the JPMorgan Chase Bank Hack. The numbers were staggering: 83 million individuals and seven million businesses.
But JPMorgan Chase wasn't the only target of the hacker group that leaked 76 million customer names and email addresses. Apparently, break ins were attempted at other financial institutions as well.
A report from the Association of Financial Professionals might have just given everyone a short list of financial companies with up-to-the-minute security. AFP got in contact with a source "close to the situation" who claims that while the JPMorgan breach was making headlines, the others stayed under wraps.
Why don't we know about these breaches? Well, most attempts by hackers to breach security or shut down a website go unreported. The only reason we knew about JPMorgan Chase's disastrous security hole was because the company had to disclose it to stock holders and the financial investment industry.
According to AFP's source, these are the financial institutions that were targeted by the hacker group that breached JPMorgan: Citigroup, Regions Financial Corp., a payroll firm called ADP and E-Trade.
The source of these attacks, U.S. officials suspect, might have been Russian. The New York Times reported that the government suspects that the attacks might have been motivated by tensions between our nations. What do I think? Well, you might remember Cybervor, another politically-motivated Russian hacker gang who pulled off one of the biggest data breaches that the internet had ever seen.
Don't remember the breach? Click here to see what they did and if you were affected.
Whether or not these two breaches are related, the fact that officials suspect political motivations behind both of these hacks says something very scary about the power of hackers. The next generation of connectivity could mean that terrorism is no longer limited by borders.
The ability to crack the financial institutions that Americans rely on is a scary thought. One positive came out of this creepy situation though, and that's the fact that you know which companies to trust in the future. Hackers usually exploit flaws that happen when security gets lazy (I'm looking at you, MBIA Inc.). The list that you saw on the first page should be considered a "who's who" of digital security.
In fact, I might just have to discuss more companies that withstood data breaches that took down other ones. Look out for that in the coming weeks!