Investment bank strengthen cyber security with multi-million pound boost

Investment bank strengthen cyber security with multi-million pound boost

The CEO of JPMorgan has said that the company plans to increase its cyber security expenditure by 100% after it suffered a data leak affecting close to 85 million accounts.

Jamie Dimon spoke in Washington at the  Institute of International Finance conference last week, where he talked about the firm’s increased digital investment.

He said that the company will increase its spending from £156m this year to £311m in 2019, and explained further that the firm needs to implement more preventative measures, as cyber security issues will not go away overnight.

JPMorgan was affected by a breach in August on its JPMorgan.com and Chase.com websites, in addition to its JPMorgan and Chase apps. Cyber criminals acquired account names, postal addresses, phone numbers, and email addresses of 76 million customers, as well seven million businesses, after employees’ credentials were compromised via a phishing email.

Investigators have found that a minimum of 13 other businesses have come under the radar of hackers. Many feel that a nation-state may be behind the attacks.

Fidelity Investments also confessed that it has been targeted, but both Fidelity and JPMorgan have said that no financial data was compromised.

It took a breach to make JPMorgan realise the importance of cyber security, but the investment it plans demonstrates just how crucial it is in the protection of data. SMEs are looking at much smaller numbers in protecting their own systems and data. Opening up cyber security jobs to qualified professionals would be a great place for them to start.

Our accreditations & Partners

  • REC Member
  • VTC - Virtual Technology Cluster
  • Bloom Nepro
  • YPO
  • Crown Commerical Service
  • Disability Confident
  • ISO 9001
  • Armed Force Covenant
  • Cyber Essentials Plus
  • ISO 27001

Thanks

Success

Thanks

Success

Thank you for signing up to the acumin alerts.

Send CV

Send us your CV and have our recruiters match you to the ideal opportunities

Do you already have an account with us?

Log in

Want to have an account with us?

Register

Want to just send us your CV?

Upload only doc, docx, odt, pdf format file.

By submitting your registration and CV to us you are agreeing to join our database and to be contacted about relevant jobs industry communications. Please read our terms of business for more information.

Password reset

If you need a reminder for your password, fill out the field below

Log in

Access your account to edit your contact details, job alerts or to upload a new CV

Thank you

Success

Thank you for successfully uploading your CV.

Acumin Alerts

Success

Thanks for registering for Acumin alerts.

Acumin Alerts

Unfortunately your CV could not be uploaded

Please make sure your CV is one of the following file types: doc, docx, odt, pdf, rtf

Acumin Spam

Unfortunately your submission has been declared spam. Please try again.

Vacancy

Success

Thank you for submitting your vacancy.

Register

Create an account to register your contact details, sign up for job alerts and upload your CV

Success

Thanks for registering for Acumin alerts. To get the most out of Acumin's service why not register with us?

Upload only doc, docx, odt, pdf format file.
- Practitioner
- Commercial

I agree to the terms and conditions and to be contacted by recruiters:

I agree to receive marketing communications relevant to my job search:

I agree to receive Jobs By Email for the following professions:
- Business Continuity Management
- Counter Fraud
- Cyber Security
- Executive Management
- Governance & Compliance
- Information Security & Risk Management
- Penetration Testing & Digital Forensics
- Sales and Marketing
- Sales Engineering
- Security Management
- Technical Security
- Information/Risk Assurance
- Identity Management
- Application Security
- Security Architecture
- Dev/Sec Ops
- DV & SC Cleared Jobs
- Programme & Project Management
- CISO/CSO

Submit a Vacancy

Use the form below to submit a vacancy