Chase bank Hacked

By Jacob Collins |Staff Writer|

DSC_0433Chase systems were hacked over the summer, resulting in the release of customers’ personal information.
No financial information was stolen but the personal information obtained may be used in scamming attempts.
The cyber attack was revealed on Oct. 2 in a securities filing by JP Morgan Chase. The securities filing stated that approximately 76 million households and 7 million small businesses are impacted by the breach.
Chase warned that personal information stolen in the attack may be used in phishing or scams targeted towards those affected.
Phishing is an attack where hackers contact the victim via phone, email or mail and pretend to be from a business or government organization in order to gain access to information. In the case of an email, trick the victim into clicking on a link which opens a malicious website, or malware.
“Phishing is typically the biggest risk when contact information has been compromised,” stated Chase in an FAQ they created on their website.
Chase’s FAQ went on to warn customers to be cautious about emails and phone calls from unknown sources and that Chase will never ask for personal information over email or text message.
Customers should never reveal their password, Social Security number or other personal information over the phone, email or mail. Be cautious about what links are in emails as those could lead to malicious websites or malware.
“It makes me skeptical after hearing about other companies getting hacked, I don’t want to give companies my personal information,” said student Clifton        Rawlings.
In reality technology and government regulation might not be moving fast enough to prevent attacks from happening and it still might not be enough to prevent future attacks from happening.
“We already have a lot of regulation but a lot of the standards are advancing faster than the government can react. For example, the President of the United States Committee on National Security Systems, some of their documents date back to 1994,” said Tony Coulson Ph.D., a Professor and the Co-Director of CSUSB’s Information Assurance and Security Management Center at CSUSB.



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