October 3, 2014
By Suzanna Kim
...The theft of personal information, (click here) a security expert said, may have more troubling consequences than if credit card numbers had gotten stolen.
By Suzanna Kim
...The theft of personal information, (click here) a security expert said, may have more troubling consequences than if credit card numbers had gotten stolen.
That's something to consider after JPMorgan Chase, the country's biggest bank when measured by assets, announced Thursday that names, addresses, phone numbers and email addresses of customers in 76 million households and 7 million businesses were compromised....
Why would anyone go to the trouble of breaking into Morgan's bank and then not take any money?
It was probably Russia. They were looking for demographic information, but, that type of information feeds many categories. China usually seeks to do permanent damage, but, this was different. What if a competitor actually wanted to solicit consumers to undermine Morgan's market share? What if Morgan represented a political class or subclass of people. There are many whom may have sought information from Morgan, but, all would be damaging to the USA economy and/or fiscal stability.
Why would anyone go to the trouble of breaking into Morgan's bank and then not take any money?
It was probably Russia. They were looking for demographic information, but, that type of information feeds many categories. China usually seeks to do permanent damage, but, this was different. What if a competitor actually wanted to solicit consumers to undermine Morgan's market share? What if Morgan represented a political class or subclass of people. There are many whom may have sought information from Morgan, but, all would be damaging to the USA economy and/or fiscal stability.
5 October 2014
Last updated at 05:38 BST