Bank CEOs including Jamie Dimon have been highlighting the risks of a cyberattack for years.
. Most of what was taken related to customers' credit-card applications from 2005 to early 2019, including names, addresses, dates of birth and income, the lender said.have been highlighting the risks of a cyber assault for years. Amid a steady stream of high-profile hacks, including a 2014 breach at J.P.
"The threat of cyber security may very well be the biggest threat to the U.S. financial system," Dimon As a general rule, the industry has been loathe to give specifics about cyber defenses out of fear that it will give bad actors a blueprint to launch fresh attacks. But it's been employing everything from low-tech reminders about passwords posted in offices to sophisticated data analytics and risk management programs to stay ahead of criminals.
"The most important role government has is to mandate that sharing to occur," Cathy Bessant, chief operations and technology officer at Bank of America, said in an October interview. "There is no competitive advantage to secrets in this space, especially regarding risk, and sharing is the key to prevention and detection."
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