JPMorgan Buying Double-Strength Barn Doors Now That Hackers Have Let The Customer Data Out


We all know that it is better to be safe than sorry. But JPMorgan is definitely pretty sorry about that whole 76-million-customer hack job. And now that it is, it has decided that it is better to be safe and sorry than not safe and still sorry, or something. Even if that costs an extra $125 million a year.

“We had a little problem recently,” Mr. Dimon told the audience at the Institute of International Finance panel discussion….

“We have to be vigilant,” he said, adding that issues around cybersecurity “will happen for a long time.”

J.P. Morgan CEO: Cybersecurity Spending to Double [WSJ]