Jamie Dimon says risk of cyberattacks 'may be biggest threat to the U.S. financial system'
April 8, 2019

From CNBC:

The risk of a devastating cyberattack may be the single greatest danger to the U.S. financial system, according to J.P. Morgan Chase CEO Jamie Dimon.

J.P. Morgan spends almost $600 million annually to tighten its defenses and ward off a constant stream of attacks, Dimon said Thursday in his annual letter to shareholders. But the interconnected nature of the financial system means the risk never goes away.

Indeed, J.P. Morgan was the victim of a large data breach in 2014 tied to hackers.

Continue reading at CNBC...

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